ST. PAUL, Minn., June 29, 2011 /PRNewswire/ -- CHS Inc. (Nasdaq: CHSCP), a leading energy, grains and foods company, will contribute $1.1 million to North Dakota flood relief efforts, the company announced today.
CHS is contributing $1 million in flood relief to North Dakota communities impacted by recent severe flooding. In addition, the CHS Foundation, an independent, private foundation supported by CHS Inc., is contributing $50,000 to the American Red Cross to aid in flood relief efforts. The company is making an additional $50,000 corporate contribution for direct support to the nearly two dozen CHS employees whose homes have been damaged by severe flooding in the Minot area.
"We recognize the significant challenges faced by so many individuals and communities impacted by the recent flooding," said Carl Casale, CHS president and CEO. "We hope these contributions will help those affected by this disaster as they begin to recover and restore their homes, farms and businesses."
CHS provides a full array of agriculture and energy products and services to its member-owner farmers, locally-owned cooperatives and consumers throughout North Dakota.
CHS and the CHS Foundation will match contributions by CHS employees/retirees and member-owners. Matching contributions must be received by July 29, 2011. For more information see www.chsinc.com.
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.
The CHS Foundation (www.chsfoundation.org) is the major giving entity of CHS Inc. (www.chsinc.com). As a part of the CHS stewardship focus, the CHS Foundation is committed to investing in the future of rural America, agriculture and cooperative business through education and leadership development.
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.