Renewable energy issues led the agenda as CHS hosted U.S. Agriculture Secretary Tom Vilsack and other elected officials, along with nearly three dozen industry and organization leaders, for a roundtable discussion on April 20.
"CHS was honored to host this gathering and to provide a forum for sharing a wide range of viewpoints on the important topic of renewable energy," CHS President and CEO Carl Casale said. "We've been committed to the marketing and distribution of renewable fuels for four decades as a means of both adding value for producers and addressing our nation's energy needs."
During his remarks, Vilsack noted the role that 300,000 producers who own CHS play in the success of U.S. agriculture. The USDA selected CHS for the site of the meeting because of its cooperative structure and long history of involvement in renewable fuels. Also attending the event were U.S. Sen. Amy Klobuchar (D-Minn.) and Minnesota Gov. Mark Dayton.
In an earlier meeting with Vilsack, Casale and Executive Vice President and Chief Operating Officer-Energy Jay Debertin reviewed CHS operations and the company's energy business. Debertin highlighted CHS renewable fuels-related efforts including grain marketed to plants, ethanol supplied to fuel blenders, retail fuel sales through its network of Cenex® branded facilities, and domestic and global sales of the byproduct distillers dried grain solubles.
CHS Board Chairman Michael Toelle, a Browns Valley, Minn., farmer, noted that during their recent visit to Washington, D.C., CHS directors stressed the company's support for reform, but not abrupt elimination of, current tax assistance for renewable fuels production.
Vilsack visited CHS as part of a week-long Midwestern tour promoting renewable fuels that included an announcement of initiatives to help farmers and rural small businesses implement renewable energy systems and become more energy efficient, including funding for flexible fuel pumps, sometimes referred to as "blender pumps."
CHS Inc. (www.chsinc.com) is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives around the world. A Fortune 100 company, CHS is owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders across the United States. CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products. CHS is listed on the NASDAQ at CHSCP.
This document contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2010, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.