|
 |
|
|
|||
 |
 
  
|
 |
|
Feb. 5, 2013 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 Tweet |
|
|
|
|
|
|
|
|
 |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
