CHS Inc. is a Fortune 500 secondary cooperative owned by United States agricultural cooperatives, farmers, ranchers, and thousands of preferred stock holders. Based in Inver Grove Heights, Minnesota, CHS owns and operates various food processing and wholesale, farm supply, financial services and retail businesses. It also distributes Cenex brand fuel in 19 midwestern and western states as one of North America's largest c-store networks. It is a co-owner (with Mitsui & Co.) of Ventura Foods, a vegetable oil processor.
 | |
| Company type | Public |
|---|---|
| Nasdaq: CHSCP | |
| Industry | Wholesale agriculture products Fuels |
| Founded | 1931, as Farmers Union Central Exchange |
| Headquarters | , United States |
Key people | Jay Debertin (CEO) |
| Revenue |  US$38.4 billion (2021)[1] |
| US$515.3 million (2021)[1] | |
| US$554 million (2021)[1] | |
| Total assets | US$7.998 billion (2021)[1] |
| Total equity | US$9.017 billion (2021)[1] |
Number of employees | 9,941 (November 2021)[1] |
| Subsidiaries | Cenex |
| Website | chsinc |
This article needs additional citations for verification. (November 2022) |
CHS is ranked 1st on the National Cooperative Bank Co-op 100 list of mutuals and cooperatives (ranked by 2012 revenue), and 96th (by 2017 revenue) in Fortune 500's 2018 list of U.S. corporations.[2]
History
editCHS's history began in 1931 with the founding of the Farmers Union Central Exchange in Saint 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
editEagle Stop is a chain of convenience stores headquartered in Missouri. 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
editReferences
edit- ^ a b c d e f "CHS Inc. 2021 Annual Report (Form 10-K)" (PDF). chsinc.com. CHS Inc. 4 Nov 2021.
- ^ "Fortune 100 Company 2018: Who Made the List". Fortune. Archived from the original on 2019-01-15. Retrieved 2018-11-10.
- ^ "CHS Inc". CSP Daily News. Retrieved 19 September 2021.
- ^ "Eagle Stop Number Of Locations".
- ^ "Eagle Stop".
External links
edit- Official website
- Historical records of the Farmers Union Central Exchange are available for research use at the Minnesota Historical Society