CHS is reporting annual net income of $1.1 billion. That compares to $1.9 billion for fiscal year 2023. According to a company news release, the financial performance was solid across all segments, but down from the record earnings a year ago. The CHS ag division enjoyed improved margins and higher volumes for wholesale and retail agronomy products. Margins were tighter in the grain and oilseed sector due to the global market Unfavorable industry conditions hurt CHS’ refinery and renewable fuel business. CHS plans to return $600 million in cash patronage and equity redemptions to its members. “In the past couple of years, we put out over $2 billion in cash to our owners,” said Jay Debertin, president/CEO. “It goes right back to the rural areas that we do business in and right back to our owners.” In an interview with RRFN, Debertin recaps the year, looks ahead to 2025 and comments on the possible merger with West Central Ag Services.
