Monthly Archives:: November 2020

CHS reports fiscal year 2020 net income of $422.4 million

CHS income

CHS reported net income of $422.4 million for the fiscal year that ended Aug. 31, 2020. This compares to fiscal year 2019 net income of $829.9 million.

Key financial drivers for fiscal year 2020 include:

  • Consolidated revenues of $28.4 billion for fiscal year 2020 compared to $31.9 billion for fiscal year 2019.
  • Strong supply chain performance in our propane business driven by efficiently sourced propane to customers to meet strong crop drying and home heating demand that contributed to improved results especially during the first half of fiscal year 2020.
  • Less advantageous market conditions in our refined fuels business, primarily driven by the COVID-19 pandemic, resulted in volume and price declines that significantly reduced earnings compared to the prior year.
  • Poor weather conditions negatively impacted our Ag segment’s operations during the first half of fiscal year 2020, resulting in lower crop yields and poor grain quality following a late harvest and lower crop nutrient sales during fall 2019.
  • Improved weather conditions during the 2020 spring planting season drove increased earnings across much of our Ag segment in the second half of fiscal year 2020.
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Grain Summary Report Launched in MyCHS

We’re launching another new feature available to our producers through the MyCHS app! The Grain Summary is a new report that totals a customer’s grain payments over a calendar year or any selected timeframe.  It can be found in the top left menu on the home page of MyCHS under the Reports drop-down section. 

Benefits of the Grain Summary:

  • Subtotals of dollars paid by commodity
  • Pull grain payment information easily by calendar year, or customize the date range
  • Data includes gross amounts, total charges and net paid amounts from grain sales
  • Easily print or save the report as a PDF for records or to send to key business partners
  • Updates several times per day and is available online 24/7

Log into MyCHS today to see the benefits of this new feature. If you have any questions, please contact mychs@chsinc.com.

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