New Seed Offerings

As you begin making plans for next year’s seed purchases, we want to let you know about exciting new opportunities in our seed offerings through all of our CHS Elburn locations.

As we continually look for ways to help you grow your operations, we are proud to now offer Allegiant® seed. Allegiant is a CHS brand, which means it is a brand owned by you. We have focused on putting advanced technology to work for you with genetic traits designed to bring you strong performance at a sensible price. It’s a brand grown by CHS farmers for CHS farmers and is sold exclusively through CHS. Currently, seed is available for corn, soybean, sunflowers and spring wheat, and we are continually adding more varieties each year.

With this, we are now able to offer our growers a look at Agellum™, the farm planning and management tool from CHS that seamlessly pulls together data from all your machinery, apps, sampling, scouting, weather and endless other sources into one platform with a single login. Having everything in one place will make it easier than ever for you to make smart decisions and plans.

We have also recently completed seed contracts with Syngenta and Monsanto to bring you a variety of seed options through Dekalb®, Asgrow® and NK®. All of these brands have a history of solid performance and commitment to innovation and the latest technologies.

As always, these offerings come with the support of our local CHS agronomy experts — local professionals that know your farm so they can tailor a customized plan that starts, literally, from the ground up.

With these changes, we will no longer be offering Pioneer® seed at any of our locations. Though this could mean a change for some of you, we are confident that this expanded selection offers something for everyone. Call your local agronomy contact and schedule some time to talk about these changes. Our agronomy team is excited to show you all that we have to offer.

Thank you for your business. We look forward to continuing the valued relationship we have built over the years with you and your operation.

Dave Myers
Agronomy Manager
CHS Elburn

CHS Elburn Annual Meeting

Top 4 reasons to attend your annual meeting

On February 12, 2018, CHS Elburn will hold our annual meeting at 5:30pm at the Sycamore main office located at 108 N. Main Street, Sycamore, IL. As an owner, you’re invited. Here are the top four reasons why you should make a point to attend:

#4: Network with other co-op members, who often are your friends and neighbors. It’s a great time to share news and new ideas over a cup of coffee. And we’ll have lots of coffee.

#3: Hear the latest on products and services, capital projects, budgets, how our co-op performed last year and much more.

#2: Make your voice heard. Ask questions and take the opportunity to comment on proposed plans and strategies for our co-op’s future. No other kind of business lets you have a say in how it works, so speak up!

#1:Find out the results of the Producer Board election. In a co-op, you get to choose who sets the policies and direction for the organization when you vote for your producer board. We sent the ballots out in early January, come see who your new board members are!

We hope to see you there!

Now Accepting Applications | CHS Elburn Scholarship Fund

chs_elburn_2c

CHS Elburn is proud to announce that we will be offering graduating high school seniors and students currently enrolled as an undergraduate at a university, a chance to apply for a CHS Elburn Scholarship. Last year, 12 students were awarded with a $1,000 scholarship.

The CHS Elburn Scholarship fund was created through an endowment with the DeKalb County Community Foundation, a nonprofit foundation that enhances the quality of life in DeKalb County through endowments and donor services, stewardship, grantmaking and community initiatives. The fund was created as a lasting memory to the legacy created by Elburn Cooperative and to support the communities that strengthen the cooperative.

In order to qualify DCCF Logofor these scholarships, the applicants must meet the following criteria:

  • Be a family member of a current CHS Elburn customer who conducts a minimum of $10,000 of business per year or be a family member of a current CHS Elburn employee.
  • Be a graduating high school senior or student currently enrolled as an undergraduate in an accredited college or university anywhere in the United States.
  • Pursuing an undergraduate degree in any field of study. Preference may be give to those in Agriculture-related fields.
  • Previous scholarship recipients may apply, although preference may be given to those who have not been awarded a scholarship in the past.

 

The CHS Elburn Scholarship Application can be found on the DeKalb County Community Foundation website. The completed scholarship application must be returned to the DeKalb County Community Foundation at 475 DeKalb Ave., Sycamore, IL 60178 by 5:00 p.m. on March 15, 2018.

We are proud to support our local youth in agriculture. It pays to invest in our local future agricultural business leaders.

 

 

CHS reports $180.1 million first quarter earnings for fiscal 2018

CHS President and CEO, Jay Debertin

CHS reported net income of $180.1 million for the first quarter of its 2018 fiscal year (three-month period ended Nov. 30, 2017), compared to net income of $209.2 million for the same period a year ago.

Consolidated revenues for the first quarter of fiscal 2018 were $8.0 billion, the same as fiscal 2017. Pretax income was $199.6 million and $225.6 million for the first quarter of fiscal 2018 and 2017, respectively.

“Despite challenging market conditions, CHS experienced a solid first quarter thanks to our continued focus on three key priorities: strengthening relationships, sharpening operational excellence and restoring financial flexibility,” said CHS President and Chief Executive Officer Jay Debertin. “In the first quarter, we recorded solid earnings from our businesses and reduced long-term debt. These actions are helping to strengthen and grow CHS.”

 

For the first quarter of fiscal 2018, reporting segment results were:

Energy

  • Energy generated pretax income of $113.1 million during the first quarter, compared to $70.0 million during the same period last year.
  • The $43.1 million increase was primarily driven by improved margins within refined fuels.

Ag

  • The Ag segment, which includes domestic and global grain marketing and crop nutrients businesses, renewable fuels, local retail operations, and processing and food ingredients, generated pretax income of $74.5 million for the three months ended Nov. 30, 2017, compared to $109.2 million for the same period the previous fiscal year.
  • The $34.7 million decrease was primarily the result of lower margins in grain marketing, processing and food ingredients and renewable fuels. Lower volumes in grain marketing and processing and food ingredients also contributed to the decrease.
  • The decrease was partially offset by an increase in earnings in the crop nutrients and country operations businesses.

Nitrogen Production

  • This segment is comprised of the company’s investment in CF Industries Nitrogen, LLC (CF Nitrogen), and generated pretax income of $5.7 million during the first quarter of fiscal 2018, compared to $27.0 million during the same time in fiscal 2017.
  • The decrease in earnings was primarily due to a gain of $29.1 million from an embedded derivative associated with CF Nitrogen that was recognized in fiscal 2017. There was no comparable gain in the current fiscal year.
  • This decrease was partially offset by higher urea and urea ammonium nitrate prices.

Food

  • This segment is comprised of the company’s investment in Ventura Foods, LLC (Ventura Foods), and generated pretax income of $1.0 million in the first quarter of fiscal 2018, compared to $10.6 million during the same period of fiscal 2017.
  • The decrease in earnings was due to lower margins at Ventura Foods.

Corporate and Other

  • This category is primarily comprised of the company’s wheat milling joint venture and its financing, hedging and insurance operations, and generated pretax income of $5.3 million in the first quarter of 2018, compared to $8.7 for the same period of fiscal 2017.
  • The decrease in earnings was due to lower earnings from the wheat milling joint venture and less interest revenue due to amending a receivables securitization agreement in late FY17, pursuant to which we no longer receive interest income from those receivables.

CHS Inc. Earnings (millions $)

CHS

Calling for 2018 National Ag Day Essay entries

National Ag Day LogoHigh school students across the United States are encouraged to share their views about agriculture’s role in a growing world through the 2018 National Ag Day Essay Contest.

The contest deadline is January 31. This year’s theme is “How Will Agriculture Feed the World?” The contest, organized through Agriculture Council of America (ACA), is divided into two categories: the written essay contest and the video essay contest. Both are national competitions and there will be one winner for each category.

The national written essay winner receives a $1,000 prize and round-trip ticket to Washington, D.C. to be recognized at the National Press Club Event on March 20, 2018. The video essay winner wins a $1,000 prize.

The Ag Day Essay Contest is sponsored by CHS Inc., Farm Progress and the National Association of Farm Broadcasting.

Click here for an entry form and to find out more about the contest.


About National Ag Day

March 20, 2018, is the 45th anniversary of National Ag Day. The goal of the ACA is to provide a spotlight on agriculture and the food and fiber industry. The ACA not only helps consumers understand how food and fiber products are produced, but also brings people together to celebrate accomplishments in providing safe, abundant and affordable products

CHS Elburn Partners with Greater Elgin Family Care Center to Help Feed Hungry Neighbors

CHS Elburn partnered with Greater Elgin Family Care Center to fund a mobile food pantry through the Northern Illinois Food Bank. Together they served over 100 clients benefitting over 400 household members in DeKalb County.

Families gathered in the parking lot of Greater Elgin Family Care Center’s Sycamore location on a Monday afternoon in December, holding boxes, bags and baskets.  A truck arrived and volunteers from CHS Elburn and Greater Elgin Family Care Center began unloading food from bays and organized them on tables around the truck.

“Hunger is a real problem for so many people in our local community,” said Stephanie Hess, marketing communication specialist for CHS Elburn, “We were happy to partner with Greater Elgin Family Care Center to be able to bring the mobile food pantry to the area”.

Northern Illinois Food Bank’s Mobile Pantry Program provides food distribution to under-served areas, where there is little access to food assistance. Every distribution includes frozen meat, a valuable source of protein, fresh produce, bread, and nutritious non-perishable items, as well as cleaning items when available. Each Mobile Pantry distribution visit lasts two hours and can provide nutritious food to as many as 300 families.

 

The Fall Versus Spring Nitrogen Debate

nitrogen management

Nitrogen management is critical for growing healthy corn and farmers are sensitive to their role in helping build a more sustainable world. They are faced with the often-daunting question of whether fertilizer applications can be both profitable and sustainable. Often, the delicate balancing act begins with the decision of whether to apply N in fall or hold off until spring.

BMPs and the 4Rs

Corn producers understand there is no blanket practice. There is, however, a disciplined application approach that has long proven effective.

“When we talk about sustainability in agriculture, specifically as it relates to nutrient management, it really goes back to a foundation of best management practices (BMPs) in conjunction with the Fertilizer Institute’s 4R Program,” says Eric Scherder, field scientist, Ph.D., Dow AgroSciences, from Huxley, Iowa. “We can address some of the challenges we’re facing with nitrogen leaching and surface application runoff more effectively using this approach.”

As most growers are aware, the 4R program is a concept to help them select the right fertilizer source at the right rate, at the right time, with the right placement. While source, rate and placement are important, often the most scrutinized decision — both from an economic and sustainability standpoint — is timing.

Fall versus spring

Each year, farmers consider many factors when deciding when N should be applied. Complicating the decision are those who call into question research data documenting the effectiveness of fall applications.

“There are a number of reasons why we do fall fertilizer applications,” Scherder says. “One consideration is infrastructure. If every farmer was forced to apply in the spring, we wouldn’t have the equipment or product available to meet the demand. Time and weather are also big factors since the number of days fit for fieldwork in the spring are usually limited.”

Environmental concerns resulting from nitrate leaching and denitrification — regardless of whether fall- or spring-applied — also complicate the equation. Because all N sources are, by nature, very mobile and susceptible to loss,there are inherent risks.

As farmers look ahead and try to anticipate what’s coming for the next six months, they’ll be weighing several factors that will ultimately lead them back to BMPs and the 4Rs. It’s not a perfect science, and there will always be variables.

Regardless of whether Mother Nature shines favorably on fall application or decides to halt things until spring, the fine line of maximizing profit by minimizing N loss and promoting sustainability should always be top of mind.

Using N-Serve® and Instinct® nitrogen stabilizers with fall-applied N can have both economic and environmental advantages.

Studies show the active ingredient in Instinct and N-Serve increased N retention by 28 percent and N leaching decreased by almost 16 percent.1 N-Serve and Instinct also have been proven to provide an average revenue increase of $21 per acre.*

A solution for every acre

“When considering fall fertilizer applications, there are certain nitrogen sources like liquid UAN that are probably not the right source for the time,” Scherder says. “A fall anhydrous application is more common, although risks still remain. Regardless of the form of nitrogen, we recommend farmers use N-Serve or Instinct with fall nitrogen applications.”

Farmers planning fall urea applications should make sure it’s protected so it’s available to crops in spring when they need it most. Instinct maximizes N by extending N availability for up to eight weeks so it’s available during critical growth stages, so crops deliver the maximum yield at harvest. When applied with urea, Instinct can blend easily in a blender for simplified application.

The advantages of using Instinct with fall-applied swine manure are no different; however, farmers who use liquid manure to fertilize corn crops can now mix Instinct® nitrogen maximizer in their pit for easy application to protect applied N.

Field studies conducted by Dow AgroSciences and several Midwestern universities show notable corn and silage yield increases when manure is applied with Instinct.

Research from the University of Minnesota shows Instinct, applied with fall swine manure, provided a per-acre yield increase of 10 to 12 bushels and reduced grain moisture of approximately 1.3 percentage points at harvest.2

“If you look at the economics alone, if nitrogen is leaching, growers are literally just washing dollars down the soil,” Scherder says. “With denitrification, nitrogen is escaping in the air. Both have an adverse economic impact, but growers are also concerned about the environment and sustainability. When growers are applying fertilizer with N-Serve or Instinct, they are negating both economic losses and adverse environmental impact.”

For more information about protecting fall-applied N, visit NitrogenMaximizers.com.

*Based on 452 Dow AgroSciences field trials from 2010-16, resulting in an average increase of 8.9 bu./A at $3.50/bu.

1Meta-analysis published 2004. “Wolt.”

2Vetsch, J., and J. Lamb. 2011. Applying Instinct as a nitrogen stabilizer for fall applied manure. http://blog-crop-news.extension.umn.edu/2011/10/applying-instinct-as-nitrogen.html?m=1

Original Source: Leaders of In-Furrow Technology, West Central

Enrollment open for CHS Pro Advantage contracts

CHS Pro Advantage open enrollment
CHS has announced open enrollment for corn and soybean marketing contracts through CHS Pro Advantage now through December 13, 2017. New this year, contracts for spring wheat are also included in this enrollment period.

CHS Pro Advantage gives growers access to industry experts at Russell Consulting Group, a wholly-owned subsidiary of CHS, to price and sell their grain. This helps to manage risk while delivering superior profits even during a tough market.

“With wheat futures falling from three-year highs seen just a few months ago and volatility following USDA’s August report, now is the time to commit bushels for professional management and marketing by our hedging experts,” says Kent Beadle, director, Russell Consulting Group.

Growers can enroll 2018 and 2019 bushels. Bushels in the one-year program will be priced between December 18, 2017, and August 24, 2018. Bushels in the two-year program will be priced between December 18, 2017, and August 23, 2019.

If you’re interested in knowing more, contact your local CHS grain team for more information or visit the CHS Pro Advantage website.

© 2018 CHS Inc.