Owners and investors
Farmer-owned
CHS is committed to providing value for all our owners, including more than 750 member cooperatives that represent 500,000 farmers and ranchers, plus 75,000 individual farmers and ranchers who buy inputs from or sell grain directly to CHS.
Patronage
The cooperative patronage model supports farmers and rural America by returning a proportion of the profits to owners. When a cooperative board calculates patronage, it determines what portion will be retained as member equity in the organization, a key source of capital for cooperative maintenance and growth. CHS has returned $3.2 billion in cash patronage and equity redemptions to its owners in the past 10 years.
For equity questions, call 800-535-4645 or 651-355-6124 or email CHS Patron Equities.
CHS governance
CHS is governed by a 17-member board elected by our producer and member cooperative owners. We welcome fresh ideas and invite cooperative farmer-owners to consider becoming candidates for the CHS Board of Directors.
Charters define the roles, responsibilities and authorities of the CHS Board of Directors and the Board's committees as they govern the cooperative:
Preferred stock
CHS uses proceeds from preferred stock to maintain a strong balance sheet and fuel growth. Five classes of non-voting preferred stock provide capital for CHS investments: 8% Cumulative Redeemable Preferred Stock (CHSCP) and Class B Cumulative Redeemable Preferred Stock, Series 1 (CHSCO), Series 2 (CHSCN), Series 3 (CHSCM), Series 4 (CHSCL). All CHS classes of preferred stock trade on the NASDAQ Global Select Market. Dividends, as declared by the company’s board of directors, are paid on a quarterly basis.
PO Box 64854
St Paul, MN 55164-0854
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120-4100
Answers to questions about CHS preferred stock
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With the cessation of the London Interbank Offered Rate (“LIBOR”) on June 30, 2023, how will you reset dividend rates for your Class B Reset Rate Cumulative Preferred Stock, Series 2 and Series 3?
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When does the preferred stock become redeemable by CHS?
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Is there any situation in which CHS may require the redemption of any series of preferred stock, or a portion of a series, before the applicable date set forth above?
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If CHS chooses to redeem any series of preferred stock, or a portion of a series, can the shareholder choose to keep it and not have it redeemed, or is the shareholder required to participate in the redemption?
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If CHS chooses to redeem a particular series of preferred stock, or a portion of a series, is CHS required to also redeem any or all its other series of preferred stock?
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If CHS chooses to redeem shares of a particular series of preferred stock, is it required to redeem all of the outstanding shares of that series?
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How will shareholders be notified if a series of preferred stock, or a portion of a series, is called for redemption by CHS?
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If a series of preferred stock, or portion of a series, is redeemed by CHS, what will the redemption price be?
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If shares of CHS preferred stock are held in the name of an organization or cooperative, can an individual employee (such as the chief executive officer or chief financial officer) of the organization or cooperative sell or transfer the shares?
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What if I have further questions related to the preferred stock?