Farmers’ co-op CHS will pay $433 million to its members
- February 10, 2014 - 7:59 PM
CHS Inc. will distribute about $433 million in cash to its membership, the second-largest payout in the big cooperative’s history.
Inver Grove Heights-based CHS, the largest U.S. farmers’ co-op, said Monday the distribution will go to more than 50,000 individual farmers and ranchers, as well as to 1,100 smaller co-ops that are members of CHS.
CHS is a grain marketer and food producer as well as an energy company. It owns the Cenex brand and refines oil into gasoline and other fuels.
The distribution is based on CHS’ net income of $992.4 million for the fiscal year ended Aug. 31, 2013, also its second-highest on record.
The distribution begins this month.
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