CHS 2014 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2014 CHS annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 73

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73

18 CHS 2014
Proprietary liquid starter fertilizers delivered
opportunity for customers at all levels. Crop
Nutrients introduced CHS XLR-rate® liquid starter
fertilizers to help member cooperatives and retail
customers participate in the growing market for
low-salt liquid fertilizers. Country Operations
introduced CHS Aventine® Complete, a premium
liquid starter fertilizer for producer-owners and
other grower customers. Both products enhance
crop establishment for a healthy start. Bulk terminal
storage at wholesale and retail sites give retailers
and growers easy access to these new products.
New market opportunities for nitrogen- and
phosphorus-based feed and industrial products
represent growth opportunities that are expected
to increase sales volumes and to balance the
seasonality of crop nutrients product sales.
In June, CHS completed a global fertilizer sourcing
agreement with Gleadell Agriculture, a major
independent grain trading and agricultural supply
company in the United Kingdom.
Processing and Food Ingredients strengthened its
quality assurance and food safety focus during 2014
as facilities in the United States, Israel and China
completed upgrades and a research laboratory
opened in Eagan, Minn. CHS also completed a
$30 million production expansion, along with
equipment and food quality process upgrades, at
Creston, Iowa. This triples production capacity for
HoneySoy® brand soy flour and complements the
company’s Mankato, Minn., soy flour production,
which has been operating at capacity for
several years. Increasing global demand for soy
flour, soy protein isolates and other soy-based
food ingredients continues to oer significant
opportunity for growth.
Doing business in more than 500 communities
in the United States and Canada, CHS Country
Operations had a record-breaking year for
profitability. Excellent margins in grains, crop
nutrients, agronomy services and energy
contributed to the performance, as did managing
grain marketing and propane supply during the rail
shortage and other transportation concerns.
“Momentum means you’re setting yourself up to grow in the
future. Your business doesn’t have to be physically growing at
that time, but you’re making decisions that aect the future,”
says Justin Martz, Maple Park, Ill., a third-generation producer
and Elburn Co-op member.
Since 2011,
CHS Harvest for Hunger has raised
$1.6M
2.1M
POUNDS OF FOOD