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CHS Inc.

From Wikipedia, the free encyclopedia
American agricultural company
CHS Inc.
Company typePublic
NasdaqCHSCP
IndustryWholesale agriculture products
Fuels
Founded1931; 94 years ago (1931), as Farmers Union Central Exchange
Headquarters,
United States
Key people
Jay Debertin (CEO)
RevenueIncreaseUS$38.4 billion(2021)[1]
IncreaseUS$515.3 million(2021)[1]
IncreaseUS$554 million(2021)[1]
Total assetsIncreaseUS$7.998 billion(2021)[1]
Total equityIncreaseUS$9.017 billion(2021)[1]
Number of employees
9,941(November 2021)[1]
SubsidiariesCenex
Websitechsinc.com
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CHS Inc. is aFortune 500secondary cooperative owned by United Statesagricultural cooperatives, farmers, ranchers, and thousands ofpreferred stock holders. Based inInver Grove Heights,Minnesota, CHS owns and operates variousfood processing and wholesale, farm supply, financial services and retail businesses. It also distributesCenex brand fuel in 19 midwestern and western states as one of North America's largest c-store networks. It is a co-owner (withMitsui & Co.) of Ventura Foods, a vegetable oil processor.

CHS is ranked 1st on theNational Cooperative Bank Co-op 100 list of mutuals and cooperatives (ranked by 2012 revenue), and 96th (by 2017 revenue) inFortune 500's 2018 list of U.S. corporations.[2]

A Cenex gas station inGillette, Wyoming

History

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CHS's history began in 1931 with the founding of theFarmers Union Central Exchange inSaint Paul, Minnesota. Later, the core cooperative company became Cenex, from the combination of the last two words in its previous name.

In 1998, Cenex merged with Harvest States Cooperatives. Harvest States was the product of a 1983 merger between North Pacific Grain Growers (formed 1929) and the Farmers Union Grain Terminal Association (formed 1938). The merged cooperative took the name Cenex Harvest States, adopting "CHS" as its brand name. In 2003, it changed its legal name to CHS Inc.[3]

Co-branding with Eagle Stop

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Eagle Stop is a chain ofconvenience stores headquartered inMissouri. As of 2022[update], the chain has 49 locations, all in Missouri.[4] All Eagle Stop locations are co-branded with Cenex gas stations.[5]

See also

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References

[edit]
  1. ^abcdef"CHS Inc. 2021 Annual Report (Form 10-K)"(PDF).chsinc.com. CHS Inc. 4 Nov 2021.
  2. ^"Fortune 100 Company 2018: Who Made the List".Fortune. Archived fromthe original on 2019-01-15. Retrieved2018-11-10.
  3. ^"CHS Inc".CSP Daily News. Retrieved19 September 2021.
  4. ^"Eagle Stop Number Of Locations".
  5. ^"Eagle Stop".

External links

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Fortune 500 corporations (by revenue)
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Majorconvenience stores in North America
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