CHS Inc.

CHS Inc.

Type	Private. Secondary agricultural cooperative
Traded as	Nasdaq: CHSCP
Industry	Wholesale agriculture products Fuels
Founded	1931 as Farmers Union Central Exchange
Headquarters	Inver Grove Heights, Minnesota , United States
Key people	Jay Debertin (CEO)
Revenue	US$28.406 billion (2020)[1]
Operating income	US$277.27 million (2020)[1]
Net income	US$422.4 million (2020)[1]
Total assets	US$15.994 billion (2020)[1]
Total equity	US$8.819 billion (2020)[1]
Number of employees	10,493 (August 2020)[1]
Subsidiaries	Cenex
Website	www.chsinc.com

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. It is a co-owner (alongside Mitsui & Co.) of Ventura Foods, a vegetable oil processor.

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

History[]

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.

References[]

External links[]

• Official website
• Historical records of the Farmers Union Central Exchange are available for research use at the Minnesota Historical Society