For the first nine months of the year, CHS reports net income of nearly $651 million. That compares to $535.5 million a year ago. Income for the third quarter totaled $55 million, down from nearly $182 million for the same period last year. CHS President and CEO Jay Debertin says the delayed planting season and an uncertain trade environment continue to be factors. With tight margins continuing in agriculture, CHS has increased its loan loss reserves. “Our approach is to make sure we’ve got the balance sheets set for what could be a challenging time; it is just prudent balance sheet management.”
