CHS Inc., the nation's leading agribusiness cooperative, intends to return a total of $1 billion in cash patronage and equity redemptions to its owners in calendar year 2023, delivering on its objectives to share profits with owners and contribute to building strength in rural America.
The total amount of cash to be returned to owners is a decision made by the CHS Board of Directors at the close of each fiscal year. The CHS Board has elected to return $500 million in cash patronage based on business done with CHS in fiscal year 2022, which ended on Aug. 31, 2022. Additionally, the CHS Board has elected to return $500 million in cash to its owners through equity redemptions.
This benefit of CHS ownership will be shared by hundreds of member cooperatives and thousands of farmer-owners. The total of $1 billion distributed in cash would be the largest annual distribution to owners in CHS history and would bring the total amount returned to owners over the last 10 years to more than $3.1 billion.
"The opportunity for owners to receive cash patronage and equity is a fundamental difference between the cooperative model and other businesses," said Dan Schurr, chair of the CHS Board of Directors. "This critical difference means CHS owners share in the financial success of the company and can leverage that success to fuel strength and growth for their own businesses, their families and the communities we share."
CHS supplies energy, crop nutrients, seed, crop protection products, grain marketing services, production and agricultural services, animal nutrition products, foods and food ingredients, and risk management services.
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