CHS Inc. owners in all 50 states of the US will share in an estimated $231 million disbursement during 2011 as a result of the leading energy and grain-based foods company's strong fiscal 2010 earnings.
The distribution maintains a period of five consecutive years of significant cash returns to owners.
Since its creation in 1998, CHS has returned more than $2 billion in cash to its agricultural producer and member cooperative owners.
"In making this distribution, CHS has demonstrated one of the most important ways we can deliver on our mission of adding value for all of our stakeholders," said Michael Toelle, CHS Board chairman and farmer.
"Strong financial performance also allows CHS to meet our member-owners' needs on a daily basis and to fulfil a long-term strategic direction as a successful energy and grain-based foods company."
CHS net income for its fiscal year ending Aug. 31, 2010, was $502.2 million.
During 2011, distributions are being made to nearly 1,100 member companies and more than 45,000 individuals and other businesses.
Patronage is based on business done with CHS by member cooperatives and individual farmers and ranchers during fiscal 2010, while equity redemptions and preferred stock distributions represent retirement of ownership in CHS earned in past years.
CHS Inc. (www.chsinc.com
) is a diversified company owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders across the United States.
CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services.
The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex brand refined fuels, lubricants, propane and renewable energy products.