News

CHS earnings down 28%

CHS reports earnings for Fiscal 2015 or $781 million down 28 percent from FY 2014. The nation’s largest farmer-owned cooperative says revenues were down 19 percent at $34.6 billion due mainly to lower commodity, grain and energy values.

Ag segment earnings were $149.6 million for the year down 30 percent from last year. Energy earnings were down 27 percent to $538 million.

CHS president and CEO Carl Casale says even though the co-op’s core businesses of agriculture and energy have entered a global down cycle, CHS continues to make significant investments in the future of the businesses.

Based on FY 2014 earnings, the cooperative returned $533.8 million in cash patronage, equity redemptions, preferred stock and dividends on preferred stock to its owners in FY 2015.

Read the full CHS report here: