CHS reports net income of $229.3 million for the 3rd quarter of fiscal 2018

CHS income
CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, reported net income on July 11, 2018, of $229.3 million for the third quarter of its 2018 fiscal year (three-month period ended May 31, 2018), compared to a net loss of $45.2 million for the same time period a year ago.

Consolidated revenues for the third quarter of fiscal 2018 were $9.0 billion, up from $8.6 billion for the third quarter of fiscal 2017. Pretax income was $289.4 million for the third quarter of fiscal 2018, compared to a loss of $209.2 million for the same period the prior fiscal year.

“Thanks to the hard work of many throughout CHS, we’ve made great strides this year in strengthening relationships, optimizing operations and improving results from our core businesses,” said CHS President and CEO Jay Debertin. “The steps we’ve taken will better position us to navigate the inevitable cycles in agriculture and energy. I am proud of our team and their dedication and commitment to operating with excellence.” (more…)

The difference between drift and volatilization

herbicide application
Getting the most out of an herbicide application not only includes maximizing efficacy, but also minimizing damage caused by herbicides. Being aware of what can go wrong and how to avoid it can lead to effective, on-target herbicide applications and help growers have a successful growing season – without the distress and loss caused by applications gone awry.

Two threats to herbicide applications are drift and volatilization. While they may seem similar, they are quite unique and require different attention to ensure that neither occur. (more…)

ELIMINATE RISK: PROTECT YOUR EQUIPMENT

By: ANDREW HAMILTON
CHS technical services and quality manager, Cenex brand lubricants

Of all the risks you must manage as a farmer, one of the biggest, and often most expensive, is your equipment. And should the unexpected happen, damage to farm machinery can cost thousands of dollars—and create downtime during critical points in the year.

Fortunately, there are ways to protect the health of your equipment. With the CENEX TOTAL PROTECTION PLAN®warranty, you can have peace of mind knowing that your equipment is protected from the inside out.

For a affordable, one-time setup fee, the Cenex Total Protection Plan covers your equipment for the long run. An industry-leading guarantee, the plan protects equipment above and beyond manufacturers’ warranties, covering new equipment for up to 10 years or 10,000 hours and used equipment for up to 8 years or 8,000 hours.

Learn more about protecting your equipment

 

It’s important to use high-quality fuels and lubricants to keep equipment running in peak condition. That’s why the plan requires exclusive use of Cenex® fluids—all of which meet or exceed OEM product specifications—and LubeScan oil analyses that reveal important data about what’s going on under the hood.

When used together, Cenex fuels and lubricants provide optimal performance for machinery. For example, CENEX® RUBY FIELDMASTER® premium diesel fuel can increase engine power by up to 4.5 percent as well as increase fuel economy by up to 5 percent. 

“The Cenex Total Protection Plan is important to the cooperative network. A co-op is family — we take care of each other. We help farmers get better prices, have better buying power and  work in unity,” says Craig Bollig, regional sales director of lubricants for CHS. 
 

Encourage your cooperative to apply for Seeds for Stewardship matching grants

Seeds for Stewardship matching grant
Spring and warmer weather are upon us. It’s a great time to plant the seed of community support and grow pride in your community by encouraging your local cooperative to apply for a Seeds for Stewardship matching grant. Since Seeds for Stewardship began in early 2017, CHS has partnered with more than 70 local cooperatives on more than 100 projects in rural communities. Your cooperative could be next!

(more…)

Tan Spot Showing Up – What Can You Do?

Finding quite a bit of tan spot on wheat the past few days.  This disease wasn’t onset 5 days ago, just starting to appear now.  So far this season we have had perfect weather conditions for disease pressure in cereal crops.  With the moisture we have been receiving, dewy mornings and hot afternoons; expect to see more disease pressure.  Using a preventative and curative fungicide at herbicide timing like Stratego in wheat will treat the tan spot and will have to continue to monitor disease pressure throughout growing season.  Contact your agronomist to stay ahead of the game and protect that yield today.

 

 

 

-John Muske, CHS Northern Plains Agronomy Manager

 

Soil Whisperers

White Hall, Ill., farmer Maria Cox, left, and her crop advisor Kyle Lake were named 2018 4R Advocates by The Fertilizer Institute. Photo by Erin Williams, CHS.

Adapted from C magazine article by Peg Zenk

READ MORE: Find the entire C magazine article here.

Not all risk is bad. While farmers work hard to reduce financial risk, innovators take calculated risks when it comes to new when it comes to new agronomic approaches.

Illinois farmer Maria Cox is one of those innovators. She and her crop advisor, Kyle Lake, with CHS in Carrollton, Ill., were named 2018 4R Advocates by The Fertilizer Institute. Each year, the award recognizes five farmer-retail agronomist teams who are dedicated to implementing the 4Rs of nutrient stewardship: using the right nutrient source, at the right rate, at the right time and in the right place.

In conversations with Cox and others who have actively embraced the 4Rs, common management challenges and strategies emerge. Among all the technologies and tactics they’ve tried, these growers point to strategies that are producing the biggest benefits in terms of soil health and the bottom line. (more…)

Start the New Season with a New Grease

cenex grease

Using the right grease is one of the most important decisions you can make as you prepare equipment for the high-pressure planting season. But recent updates in grease formulations might make you do a double take as you get ready for spring.

“When you put the grease into your grease gun and on bearings, you’re going to notice it looks different,” says Andrew Hamilton, director of technical services and quality for Cenex® lubricants and refined fuels. “That is on purpose. You’re getting a better grease.” (more…)

Over-width application and planting equipment allowed on highways during nighttime hours.

April 27, 2018 Alert

Executive Order Issued to Allow Over-Width Fertilizer Equipment to Move on State Highways During Nigthtime Hours

Governor Dennis Daugaard signed Executive Order 2018-04 today stating that because field work has been delayed due to unseasonably cold and wet weather and soil conditions, an emergency has been declared allowing over-width application vehicles and planters to move on state trunk highways in South Dakota during nighttime hours. The order will remain in effect until May 31, 2018, and is for the entire state of South Dakota.

Required for Compliance:

  • The vehicle must had an over-width permit from the Department of Public Safety and carried in the vehicle for the duration of the emergency
  • The vehicle cannot exceed twelve (12) feet wide
  • The vehicle must be equipped with flashing or rotating white or amber warning lights at each side of the equipment’s widest extremity
  • The warning lights must be clearly visable to motorists approaching from front and rear at a distance of at least 500 feet
  • The vehicle must comply with recommended weight postings

Travel on the Interstate System is not authorized. Please refer to the Executive Order for exact details.

Contact Us

Kathy Zander, Executive Director

Roxanne Rice, Finance Director

Phone:  605/224-2445

Fax: 605/224-9913

Email:  info@sdaba.org

Website:  www.sdaba.org

© 2018 CHS Inc.