CHS Inc.

CHS Inc. is a Fortune 100 secondary cooperative owned by United States agricultural cooperatives, farmers, ranchers, and thousands of preferred stock holders. Based in Inver Grove Heights, Minnesota, it owns and operates various food processing and wholesale, farm supply, financial services and retail businesses, It also distributes Cenex brand fuel in 19 Midwestern and Western states, which is one of the largest c-store networks in North America. It is a co-owner (alongside Mitsui & Co.) of Ventura Foods, a vegetable oil processor.

CHS Inc.
TypePrivate. Secondary agricultural cooperative
NasdaqCHSCP
IndustryWholesale agriculture products
Fuels
Founded1931 as Farmers Union Central Exchange
Headquarters,
Key people
Jay Debertin (CEO)
RevenueDecrease US$28.406 billion (2020)[1]
Decrease US$277.27 million (2020)[1]
Decrease US$422.4 million (2020)[1]
Total assetsDecrease US$15.994 billion (2020)[1]
Total equityIncrease US$8.819 billion (2020)[1]
Number of employees
10,493 (August 2020)[1]
SubsidiariesCenex
Websitewww.chsinc.com

It is ranked 1st on the National Cooperative Bank Co-op 100 list of mutuals and cooperatives (ranked by 2012 revenue), and 96th (by 2017 revenue) in the Fortune 500 2018 list of United States corporations.[2]

A Cenex gas station in Gillette, Wyoming

HistoryEdit

The history of CHS began in 1931 with the founding of the Farmers Union Central Exchange in Saint Paul, Minnesota. Later, the core cooperative company became Cenex, from the combination of the last two words in its previous name.

In 1998, Cenex merged with Harvest States Cooperatives. Harvest States was itself the product of a 1983 merger between North Pacific Grain Growers (formed 1929) and the Farmers Union Grain Terminal Association (formed 1938). The merged cooperative took the name to form Cenex Harvest States, adopting "CHS" as its brand name. In 2003, it changed its legal name to CHS Inc.

[3]

ReferencesEdit

  1. ^ a b c d e f "CHS Inc. 2020 Annual Report (Form 10-K)". last10k.com. U.S. Securities and Exchange Commission. 31 August 2020.
  2. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved 2018-11-10.
  3. ^ "CHS Inc". CSP Daily News. Retrieved 19 September 2021.

External linksEdit