U.S. farm co-op CHS eyes expansion as industry consolidates
CHS has also recently added export facilities in the Black Sea region and trading offices in Canada, South Korea, Singapore and Uruguay.
While the recent acquisitions and investments in existing businesses do not put CHS in the realm of the ABCDs, the company's expanding global footprint allows it to remain competitive, Casale said.
"The more the industry consolidates, the more valuable we become for our owners because we can compete with those guys on a daily basis and do it in a way that's beneficial to our ownership," he added.
Casale said CHS is more an investor in, and buyer of, assets rather than an acquisition target, citing the company's cooperative ownership structure.
CHS is owned by around 350,000 farmers and ranchers either directly or indirectly via about 1,100 smaller co-ops. Owners of CHS stock, traded on Nasdaq, are non-voting shareholders.
(Editing by Miral Fahmy)
- DuPont Crop Protection to sell certain assets to Bayer
- New research study shows the value of neonicotinoids
- Alltech Crop Science acquires South African distributor
- Monsanto invests to transform plant breeding
- Fungicide-resistant soybean diseases spreading
- Most crop futures are starting Thursday on a strong note
- ValueAct buys stake in fertilizer dealer Agrium
- Critics of Dow herbicide sue U.S. EPA over approval
- Six tips to help professionals take leaps of faith
- Nitrogen fertilization rates for corn production
- Landmark Services Co-op, Curry Seeds sign agreement
- No-till may not bring boost in global crop yields
- Los Angeles City Council votes to explore ban on GMO plants
- ASA issues statement on EPA’s neonicotinoid study
- Economist: Taxing P could reduce risk of algal blooms
- Commentary: Government wants farmers to quit farming
- Resistant weeds not controlled by fall residuals
- First responders need to prepare for agroterrorism