In January, the board and management of CHS and Growmark announced they were exploring a possible merger. “Both companies went in with our eyes wide open seeing if there’s something more in addition to the ventures we have together already,” said Jay Debertin, president/CEO, CHS. “The conclusion of that work both by the boards and the management team ended without going any further. We still have ventures together. We’ll continue those, but nothing in addition to them.” CHS announced second-quarter earnings of just over $170 million, down from record financials in the past two years. Margins are tighter at the farm level Debertin said that is being reflected in crop input purchases. Listen to the full interview.
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