CHS Business Summary

CHS Inc. (NASDAQ: CHSCP) operates as the largest farmer-owned cooperative in the United States and a leading global agribusiness, utilizing an integrated value chain to generate revenue through the wholesale and retail distribution of energy, agronomy, and grain marketing services. The company’s operations are organized into four primary reporting segments: Energy, which refines and distributes petroleum products under the Cenex® brand; Agronomy, providing crop nutrients, seed, and protection products; Ag Business, focused on grain origination, processing, and global marketing; and Corporate and Services, which provides financial services through CHS Capital and risk management via CHS Hedging. CHS competes directly with global agribusiness giants such as Cargill, Archer-Daniels-Midland (ADM), Bunge, and The Scoular Company, positioning itself as a critical intermediary that links North American producers to international markets while returning value to its member-owners through patronage dividends. The modern iteration of CHS was established in 1998 through the landmark merger of Cenex and Harvest States Cooperatives, with roots tracing back to the 1931 founding of the Farmers Union Central Exchange. The company is currently led by President and CEO Jay Debertin, who has overseen the cooperative's recent transition to an end-to-end product-line operating model to enhance supply chain visibility. The executive team includes Olivia Nelligan, serving as Executive Vice President, CFO, and Chief Strategy Officer, and David Black, the EVP and Chief Information Officer leading enterprise transformation. Governance is provided by a 17-member Board of Directors composed of active producer-owners, currently chaired by C.J. Blew, with Jon Erickson serving as First Vice Chair. While the cooperative is owned by its member-farmers and local cooperatives, its preferred shares are held by a broad base of institutional and retail investors.