In the third quarter, the nation’s largest farm cooperative enjoyed a significantly better financial situation. CHS had net earnings of $229 million, which compares to a loss of $45 million one year ago. When Jay Debertin took over as president and CEO just over one year ago, he said CHS would concentrate on its core business segments. “Those core areas are global grain, energy, processing and agronomy,” said Debertin. “We looked at all of the businesses across CHS and looked at the strategic fit and how they link with our four core businesses. We exited some businesses or selling some assets.” That includes the sale of the CHS insurance subsidiary, a refined fuels terminal and pipeline at Council Bluffs, Iowa and 34 convenience stores in the Pacific Northwest. For the first nine months of the fiscal year, CHS reports net income of $576 million, up from $178 million last year.
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