CHS finished strong in the final quarter of Fiscal Year 2021 with net farm income at $554 million, a 31 percent increase from last year. CHS Inc. President and CEO Jay Debertin attributes the strong finish to a few factors. “There are improved trade flows, we had a great 2020 harvest and a 2021 spring that opened up well. We could move the crop where it needed to go.” As the new fiscal year begins, Debertin says it’s clear prices for inputs like fertilizer and fuel are going higher. “There are real, significant global issues that are driving fertilizer supplies and prices. We are in this business to supply the people who own us. We can supply these products at these prices, but there’s no doubt, the prices are head-turning.” CHS will hold their annual meeting on December 2 and December 3 in Minneapolis, Minnesota.
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