INVER GROVE HEIGHTS, MN – CHS Inc., the nation’s leading agribusiness cooperative, reported net income of $554.0 million for the fiscal year ended Aug. 31, 2021, reflecting an increase of 31% or $131.5 million compared to fiscal year 2020.
“Our employees once again demonstrated their commitment to delivering products and services to our owners and customers around the world, driving a significant increase in earnings in fiscal year 2021 over the prior year,” said Jay Debertin, president and CEO of CHS Inc.
“For the year, overall demand for grain and oilseed helped drive strength in agriculture, as well as crop nutrients and crop protection products and services,” Debertin said.
He shared that based on fiscal year 2021 earnings, the company will return an estimated $50 million in cash patronage and $100 million in equity redemptions to member cooperatives and individual owners in fiscal year 2022.
Debertin said that significantly improved earnings across the CHS ag segment compared to the prior year, is being driven by strong global demand for grains and oilseeds. He continued, “That drove commodity prices higher.”
He also pointed to a full year of improved trade relations between the United States and foreign trade partners as being a factor in increased earnings.