C Magazine - Fall 2018

C Briefs

2018-11-19 00:06:03

2018 CHS ANNUAL MEETING: FOCUSED ON COOPERATIVE SUCCESS

Plan now to attend the 2018 CHS Annual Meeting, Dec. 6–7, at the Minneapolis Convention Center. Hear about core business results for the 2018 fiscal year, choose from nearly three dozen educational sessions and network with CHS leaders and business experts and other CHS owners.

The educational sessions will include updates on CHS core businesses, the U.S. trade situation and global grain markets, marketing strategies, fertilizer prices, premium diesel fuel, propane exports, nitrogen efficiency, livestock nutrition, strategies for bringing new ideas to the boardroom and more.

The annual meeting will include regional caucuses with board elections, the CHS business meeting and a member interaction session.

At the CHS Connection Center throughout the meeting, Board members and business leaders will be available for one-on-one conversations. In addition, cooking demonstrations will demonstrate the latest consumer trends in food preparation and attendees can help assemble 700 care packages for deployed U.S. troops through partnership with Operation Gratitude.

Nearly three dozen educational sessions will be held during the 2018 CHS Annual Meeting on topics from core business updates to input forecasting strategies.

Learn more and register at chsannualmeeting.com.

PATRONAGE AND EQUITY DISTRIBUTION ANNOUNCED FOR CHS OWNERS

Patronage and equity are key benefits for owners of CHS and the cooperative system. CHS is committed to distributing patronage and redeeming equity for its owners while maintaining a strong balance sheet so it can continue to provide owners with the goods, services and supply-chain capabilities required for long-term success.

Following the close of fiscal 2018 on Aug. 31, 2018, the CHS Board of Directors announced the following patronage and equity distribution decisions:

• As in previous years, 10 percent of fiscal 2018 patronage-based earnings will be designated to the unallocated reserve to continue building balance sheet strength.

• CHS will return $150 million to owners in cash patronage and equity redemptions.

° Individual member equity redemptions will include all requests made in fiscal 2018 by estates and members age 70 and older, plus requests that are made during fiscal 2019. Requests made in fiscal 2018 will be paid in the first quarter of fiscal 2019, which ends Nov. 30.

° Cooperative association equity redemptions in fiscal 2019 will include historic qualified equity certificates and a portion of non-qualified equity certificates issued in fiscal 2018 related to fiscal 2017 patronage.

° Cash patronage and non-qualified equity redemption are targeted for payment in February 2019.

• Additional fiscal 2018 patronage will be distributed as qualified cash patronage and non-qualified equity certificates. Those amounts will be set when year-end financial reports are filed.

• CHS will pass $150 million in domestic production activities deduction (DPAD) benefits to eligible owners before Dec. 31, 2018.

SHIFT YOUR LEADERSHIP SKILLS INTO HIGH GEAR

Join other cooperative leaders at the 2019 CHS Cooperative Leadership Conference, March 4-6, 2019, at the Paris Hotel in Las Vegas, Nev., to gain strategies for leading your organization with renewed confidence and stronger results. The conference is a great opportunity for local cooperative boards and general managers to learn together.

Don’t miss out on the chance to hear inspiring presentations from speakers including:

Building Teams and Organizations That Win, Jake Wood, cofounder/CEO of Team Rubicon and former U.S. Marine Corps sergeant

How to Jump-start Your Organization’s Growth Engine, Carey Lohrenz, the first female U.S. Navy Tomcat fighter pilot and author

Essential Habits for Success, Robert Stevenson, best-selling author and international businessman

Visit chsinc.com for access to the full agenda, speaker list and registration information.

Local cooperative directors can build individual and board leadership skills by attending the 2019 CHS Cooperative Leadership Conference.

GET MORE: Sign up to receive CHS press releases by email or RSS feed at chsinc.mediaroom.com.

CHS FOUNDATION SUPPORTS 4-H PROGRAMS DEVELOPING AG LEADERS

With support from the CHS Foundation, the 2019 National Youth Summit on Agri-Science will help high school students explore topics in agriculture, food security and sustainability.

The CHS Foundation has joined the National 4-H Council as a $100,000 sponsor of the 2019 National Youth Summit on Agri-Science. Each year the summit, held at the National 4-H Center near Washington, D.C., attracts hundreds of high school students eager to develop their skills and gain knowledge as they address pressing challenges for agriculture.

Support from the CHS Foundation will provide scholarships for youth to attend the four-day summit. The students will be immersed in an agenda focused on agriculture, food security and sustainability. Through hand-son activities and workshops, they will explore topics including soil health, animal biosecurity, use of drones for agriculture and precision farming. Students will experience careers in agri-science through an interactive career fair, while developing action plans to tackle science challenges in their communities.

To learn more about the CHS Foundation partnership with 4-H and efforts to develop ag leaders for life, visit chsfoundation.org.

Published by CHS Inc. View All Articles.

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