CHS Returns $225 Million to Owners

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Mar 04, 2010, 11:19 ET

ST. PAUL, Minn., March 4 /PRNewswire-FirstCall/ -- CHS Inc. (Nasdaq: CHSCP) owners in 48 states will share in an up to $225 million disbursement during 2010 as a result of the leading energy and grain-based foods company's strong fiscal 2009 earnings. The distribution is the fourth-largest in the company's 80-year history.

The $190 million distribution made recently consisted of cash patronage and CHS preferred stock issued to redeem previously earned member equity. Additional distributions of equity and preferred stock dividends later this year are expected to bring the fiscal 2010 total to $225 million.

"Once again, CHS has demonstrated one of the most important ways we can deliver on our mission of adding value for all of our stakeholders," said Michael Toelle, CHS board chairman. "Amid very challenging economic conditions, the strong performance the company achieved during fiscal 2009 has enabled CHS to continue to grow, to be financially sound and to provide a return on our owners' investment in diverse businesses ranging from energy to grain marketing to food processing."

CHS net income for its fiscal year ending Aug. 31, 2009, was $381 million.

During 2010, distributions are being made to more than 1,000 member companies and more than 37,000 individuals. Patronage is based on business done with CHS during fiscal 2009, while equity redemptions and preferred stock distributions represent retirement of ownership in CHS earned in past years.

State by state, approximate distributions:


State	Checks to member co-ops and individuals	Total cash patronage and preferred stock distributed
Alabama	7	$206,000
Alaska	8	$1,400
Arizona	41	$27,200
Arkansas	48	$2.5 million
California	122	$16,500
Colorado	363	$5.4 million
Connecticut	2	$1,262
Delaware	1	$96
Florida	27	$8,200
Georgia	8	$2,700
Hawaii	7	$1,700
Idaho	1,032	$2.3 million
Illinois	212	$3.1 million
Indiana	45	$649,000
Iowa	1,136	$15.6 million
Kansas	1,336	$17 million
Kentucky	5	$392,000
Louisiana	22	$89,000
Maine	1	$586
Maryland	8	$1,600
Massachusetts	9	$9,200
Michigan	31	$98,000
Minnesota	11,053	$39.8 million
Mississippi	45	$536,000
Missouri	24	$2.1 million
Montana	4,824	$9 million
Nebraska	1,889	$14.3 million
Nevada	11	$23,600
New Hampshire	3	$1,700
New Jersey	4	$2,500
New Mexico	11	$3,100
New York	8	$6,000
North Carolina	11	$6,000
North Dakota	7,599	$34.9 million
Ohio	45	$420,000
Pennsylvania	3	$342
Oklahoma	594	$2.5 million
Oregon	122	$1.4 million
South Dakota	6,280	$15.9 million
Tennessee	11	$16,300
Texas	174	$2.8 million
Utah	16	$30,600
Virginia	14	$10,500
Washington	1,797	$5 million
Wisconsin	415	$16 million
Wyoming	45	$1 million

CHS Inc. (www.chsinc.com) is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives around the world. A Fortune 200 company, CHS is owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders across the United States. CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products. CHS is listed on the NASDAQ at CHSCP.

This document contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2009, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.

SOURCE CHS Inc.