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Website: http://www.chsinc.com CHS is a diversified energy, grains and foods company. CHS is owned by farmers, ranchers and cooperatives -- from the Great Lakes to the Pacific Northwest and from the Canadian border to Texas -- as well as thousands of preferred stockholders. CHS provides products and services ranging from grain marketing to food processing to meet the needs of customers around the world. It also operates petroleum refineries and pipelines and, through a broad range of working partnerships, markets and distributes Cenex brand energy products, along with agronomic inputs and feed. In 2004, the company had record sales of $10.9 billion and net income of $221.3 million. History The forerunner of CHS Inc, Cenex Harvest States, was formed in 1998 by a merger between two regional cooperatives, Cenex, Inc. and Harvest States Cooperatives. The company's roots extend back to the late 1920s. 1929 - North Pacific Grain Growers, Inc. (NPGG) is organized as a regional cooperative, with 60 affiliated local cooperatives. The original 17-member board of directors holds its first meeting Dec. 19, 1929, at Lewiston, Idaho. 1931 - Cenex, originally the Farmers Union Central Exchange, is founded January 15. First offices are in downtown St. Paul, Minn. 1932 - In conjunction with other regional cooperatives, National Cooperatives (later named Universal Cooperatives) is organized. 1945 - Cenex enters the feed, plant food and seed business. 1998 - Cenex and Harvest States unite on June 1 to become Cenex Harvest States Cooperatives, an integrated agricultural foods system linking producers to consumers. 2003 - Cenex Harvest States Cooperatives changes its legal name to CHS Inc. effective August 5. All operating divisions carry the CHS name; although Cenex remains the company's energy brand. "resources for enriching lives" tagline is adopted. Updated November 3, 2005 |