Out of an abundance of caution due to growing international concerns about coronavirus (COVID-19), CHS has suspended meetings and events until further notice. This decision impacts site tours, annual meetings and other events.
This includes the
cancellation of our upcoming annual meeting to be held on Monday, March 16, at Hastings
Landing in Drayton, North Dakota.
Details for producer board
elections are pending and we will communicate as those decisions are made.
Thank you for your
At its September meeting, the CHS Board of Directors made a number of decisions regarding equity management. The following letter from CHS Board Chairman Dan Schurr outlines these decisions:
Dear Cooperative Owner,
CHS was built on the shared values of managing our business with the highest integrity, building lasting and mutually rewarding relationships, and partnering for our collective success.
These values guide every decision your CHS Board of Directors makes on your behalf. Thanks to the dedication and hard work of those owners and employees that came before us, CHS is a cooperative that’s been built for the long haul. Your Board of Directors will ensure that tradition continues. It’s with this spirit that we share recent Board decisions around equity management.
Despite solid performance in our core businesses, a few large events have resulted in substantial fiscal 2017 financial losses in certain patronage-based businesses. These events included a loss attributed to a large producer loan and business unit asset impairments in the United States.