CHS intends to return $1b in cash to owners
Expected distributions to cooperatives and farmer-owners in 2023 reflect CHS financial strength.
Sep 14, 2022
Leading agribusiness cooperative CHS Inc. said this week that it intends to return a total of $1 billion in cash patronage and equity redemptions to its owners in calendar year 2023, delivering on its objectives to share profits with owners and contribute to building strength in rural America.
The total amount of cash to be returned to owners is a decision made by the CHS Board of Directors at the close of each fiscal year. The CHS Board has elected to return $500 million in cash patronage based on business done with CHS in fiscal year 2022, which ended on Aug. 31, 2022. Additionally, the CHS Board has elected to return $500 million in cash to its owners through equity redemptions.
This benefit of CHS ownership will be shared by hundreds of member cooperatives and thousands of farmer-owners. The total of $1 billion distributed in cash would be the largest annual distribution to owners in CHS history and would bring the total amount returned to owners over the last 10 years to more than $3.1 billion...