CHS has partnered with The American Society of Agronomy (ASA) to collaborate in creating a dynamic, online-learning program focused on improving sustainability practices and standards in production agriculture. The curriculum will be designed for agronomists and agribusiness professionals and will establish a recognized, industry-wide standard of education to help agronomists and other agriculture professionals truly implement sustainable practices in the field. (more…)
Underlying business performance stable, one-time events cause quarterly loss
PAUL, MINN. (July 14, 2017) – CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, announced a net loss of $45.2 million for the third quarter of its 2017 fiscal year (three-month period ended May 31, 2017), compared to net income of $190.3 million for the same period one year ago. Consolidated revenues for the third quarter were $8.6 billion, compared to $7.8 billion for the third quarter of 2016, representing a 10 percent increase.
“Despite the economic challenges in agriculture and energy, several of our underlying businesses are having a solid year,” said CHS President and Chief Executive Officer Jay Debertin. “Unfortunately, we’ve experienced three negative one-time events this fiscal year that have resulted in charges leading to a loss in the third quarter and a significant earnings decline for the year to date. In response to these events, we are implementing measures to better identify risk management gaps in some of our processes and when necessary enhance our ability to effectively manage our risks.”
There are several factors to consider before and during herbicide spray application. Taking the appropriate steps to prepare for a successful application can save time, money and effort. While spray requirements may vary based on crop, location and herbicide formulation, there are steps that should be taken to ensure the best protection against weeds during the current crop season and to protect the effectiveness of the herbicide long term.
Mother Nature plays an important role in the success of herbicide application. In addition to the preventive and arbitrary actions necessary to increase herbicide effectiveness, working with natural conditions is extremely beneficial and mandatory since we do not control the weather or other natural factors. (more…)
The CHS Board of Directors has elected Jay D. Debertin as president and chief executive officer (CEO) of CHS. Debertin succeeds Carl Casale, who led CHS during record performance levels and expansion.
During Casale’s seven years with the company, CHS returned $3 billion to its owners, invested $9 billion in new capital expenditures and nearly doubled the size of its balance sheet from $8.7 billion in 2010 to $17.3 billion at the end of fiscal 2016. Casale focused on prudent fiscal management and enhancing management systems at the company.
“As we take our cooperative into its next chapter, we are confident that Jay is the right leader,” says Dan Schurr, chairman of the CHS Board of Directors. “Jay’s experience in achieving operational excellence and driving results fits squarely with our unwavering goal to deliver returns to our member-owners now and for the long term.”
Debertin previously served as executive vice president and chief operating officer for the company’s diverse energy operations and processing food ingredients business. He joined CHS in 1984 and has held a variety of leadership positions within the organization in energy, trading and risk management, transportation, and agricultural processing. Jay also serves as chairman of Ventura Foods.
“CHS is strong today because we drive the business with a central purpose in mind and that is to help our cooperatives and farmers grow,” says Debertin. “I look forward to working with our talented group of employees as we concentrate on world-class execution across our system. I see growth and strength ahead for our business.”
Additionally, Darin Hunhoff, who has been with CHS for 25 years in a variety of leadership positions, most recently as head of CHS strategy, will step into the role of leading CHS Energy and the processing and food ingredients business.
United Soybean Board
When it comes to technology and data available within the agricultural industry, there’s a large amount of choices these days. It’s important retailers understand and are able to provide guidance for their customers about what works well and what doesn’t work as well. Understanding the technologies and datasets are important and how to best use them is even more crucial.
Precision agriculture is a term widely used today in the industry and essentially refers to technology and software systems that provide knowledge to enhance decision making, and if used properly can help contribute to reduced waste, increased profits, and protection of the environment.
Today growers are utilizing precision technology to enhance their growing process, including field application equipment and sensor platforms that control product purchases and can provide recorded data in real-time. Software is also available that can then be used to collect and analyze data to help inform retailers and growers of various decisions throughout the crop production process.
As precision agriculture increases momentum in 2017, here are four benefits and ways that precision agriculture can help growers increase field productivity while also reducing environmental stress.
- Monitor soil and plant parameters: Growers can determine peak conditions for plant growth by placing sensors throughout the fields.
- Automate field management: Soil and plant species can be automatically optimized through sensors taken from a Decision Support System, which can help determine the best moments to water and fertilize.
- Collect real-time data: Applying sensing devices throughout the field will allow a continuous monitoring of the chosen parameters and offers real-time data to help inform decisions throughout the planting and harvest season.
- Get the best results from labor and resources: Use technology to help maximize the benefits of your crop nutrients, crop protection and irrigation costs by using automatic sensors that alert the grower of the need or best time to irrigate, fertilize, etc.
It’s estimated that over 50 percent of growers currently engage in some form of agricultural technology. Precision agriculture can bring many benefits to growers who decide to use technology to help manage their fields.
Ag retailers have the opportunity to help their customers by providing them with local expertise on how the various technology available today, might best be implemented within their geography and more specifically within their individual operation to help them improve their return on investment in the most appropriate ways.
Original Source: Leaders of In-Furrow Technology, West Central
Many growers are turning to agronomists, ag retailers and other industry experts for advice about the best ways to strengthen their farming operations. Topics including soil health, seed selection, insect and disease pressure and more have long been the starting point for growers looking for the best ways to make improvements that will make their operations stronger overall.
Today, as growers rely even more on data, research and other technology in addition to their traditional farming equipment, agronomists and their network of agricultural experts are as important as ever.
For growers, improving efficiency and making effective decisions can be crucial to achieving a high quality and profitable crop. Since they are always looking to make smart and strategic purchase decisions when it comes to seed, fertilizers, fungicides, insecticides and adjuvants, growers look to utilize the expertise of their agriculture retailer and other ag partner businesses to provide them guidance when making these decisions. Through these agriculture experts, growers hope to successfully plant and produce a high yielding crop by minimizing pest and disease pressures and managing weed resistance to increase overall profitability for their farming operation. (more…)
United Soybean Board
The agriculture industry has been working hard to provide the most effective herbicides to help slow down and minimize the growing weed resistance problem. However, efforts with formulating dicamba products go further than the manufacturer. Federal and state rules and regulations dictate how applicators and growers are able to legally and safely use different herbicides to limit volatility and drift in undesired areas.
With each new year and with new products, comes new policies. It is important for growers, applicators and other ag professionals to be aware of these policies to avoid negative consequences. (more…)
United Soybean Board
Although each crop has specific needs to be able to achieve their maximum economic yield, soybeans have earned themselves a reputation for being a lower-maintenance crop. Growers might be surprised to see that with a little extra effort, they can have more impact on their soybean yields by producing stronger and healthier plants. With this careful attention, yield results may prove surprisingly better come harvest. (more…)
US Department of Agriculture
Soil consists of numerous working parts that when at balanced levels, make the perfect recipe to house and grow healthy crops. There is not a one-answer-fits-all approach when it comes to healthy soil, since many factors affect the state of the soil. Here are a few factors to consider to improve the health of your soil. (more…)
“Growing up in rural South Dakota, surrounded by farms and ranches as far as the eye could see, I never gave the food supply chain a second thought. It was intertwined in everything I did,” writes Mark Biedenfeld, vice president, CHS Aligned Solutions on the Ag Day blog. He goes on to emphasize the important role those in agriculture play in helping our broader communities understand where their food comes from.
Biedenfeld joins others in contributing to the blog in a nod to National Ag Day, coming up this Tuesday, March 21. The celebration is now a tradition across the U.S., created to recognize and celebrate the abundance provided by agriculture. Agriculture provides almost everything we eat, use and eat on a daily basis, and is increasingly contributing to fuel and other bio-products. (more…)