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CHS RETURNS RECORD $600 MILLION TO COOPERATIVE OWNERS
Source: CHS Inc. news release

Farmers, ranchers and cooperatives across the United States will share in a record estimated $600 million disbursement from CHS Inc. (NASDAQ: CHSCP), an energy, grains and foods company and the nation's leading agricultural co-op. The payments mark the largest cash return ever made by a U.S. cooperative.

"One of the most important ways we help our producer and co-op owners grow is by delivering an economic return on the business they do with us," said David Bielenberg, CHS board chairman and a Silverton, Ore., farmer. "This - along with the quality energy and crop inputs, crop marketing and services we provide year-around - underscores the added value of being a cooperative system owner and customer."

The cash return to owners is based on record CHS net income of $1.26 billion for the fiscal year ending Aug. 31, 2012.

The distribution beginning this month to nearly 1,200 member cooperatives and nearly 50,000 individual members and others includes cash patronage paid based on their fiscal 2012 business with CHS. CHS is also distributing cash to member cooperatives to redeem equity in the company they earned in prior years.

In addition, CHS will redeem equities of eligible individual members throughout 2013 and will also pay quarterly dividends to owners of CHS preferred stock.

Since its creation in 1998, CHS has returned more than $3.1 billion in cash to its agricultural producer and member cooperative owners, $1 billion of that in the 2012 and 2013 fiscal years.

Patronage is based on business done with CHS by member-owner cooperatives and individual farmers and ranchers during fiscal 2012, while equity redemptions and preferred stock distributions represent retirement of ownership in CHS earned in past years. Distributions by state were:

State, # Checks to member co-ops and individuals, Total cash patronage and equity redemptions

Alabama, 11, $306,000

Alaska, 26, $15,000

Arizona, 226, $74,700

Arkansas, 63, $5.6 million

California, 457, $251,600

Colorado, 4,236, $14 million

Connecticut, 7, $3,200

Delaware, 1, $160

Florida, 98, $54,900

Georgia, 25, $14,600

Hawaii, 6, $2,700

Idaho, 2,612, $9.2 million

Illinois, 1,254, $4.2 million

Indiana, 157, $3.8 million

Iowa, 2,255, $49.3 million

Kansas, 2,091, $38.6 million

Kentucky, 47, $533,000

Louisiana, 23, $121,000

Maine, 5, $687

Maryland, 48, $9,140

Massachusetts, 8, $3,572

Michigan, 2,950, $1.6 million

Minnesota, 24,559, $116.3 million

Mississippi, 46, $755,000

Missouri, 144, $5.3 million

Montana, 10,213, $26.2 million

Nebraska, 5,333, $42.4 million

Nevada, 65, $21,000

New Hampshire, 12, $2,500

New Jersey, 5, $1,000

New Mexico, 55, $23,500

New York, 12, $9,000

North Carolina, 45, $7,100

North Dakota, 17,594, $103.3 million

Ohio, 57, $2.4 million

Oklahoma, 730, $7.6 million

Oregon, 431, $8.8 million

Pennsylvania, 30, $7,000

Rhode Island, 2, $250

South Carolina, 16, $4,800

South Dakota, 14,622, $48.1 million

Tennessee, 47, $901,000

Texas, 1,113, $5.1 million

Utah, 26, $267,000

Virginia, 39, $40,600

Washington, 3,442, $14.7 million

West Virginia, 1, $700

Wisconsin, 786, $59.1 million

Wyoming, 224, $3.5 million


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