
CHS is owned by CHS Inc., a farmer-owned agricultural cooperative headquartered in Inver Grove Heights, Minnesota. The CHS brand is the master brand of the cooperative and covers grain marketing, agronomy, crop nutrients, and energy services. CHS Inc. was formed in 1998 by the merger of Cenex and Harvest States Cooperatives, with roots dating to 1931.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| CHS | CHS Inc. | Brand division |
The brand's roots reach to 1931, when the Farmers Union Central Exchange was founded in St. Paul, Minnesota to give local cooperatives bulk buying power for fuel and farm supplies during the Depression. That exchange became Cenex in 1983 and grew into the rural energy brand still in use today. Through the 1970s and 1980s the exchange expanded into fertilizer, feed, and farm supplies, becoming the supply backbone for hundreds of local cooperatives across the Upper Midwest.
The second root is Harvest States Cooperatives, assembled in the early 1990s from grain marketing and terminal cooperatives. Cenex and Harvest States merged in 1998 to create Cenex Harvest States Cooperatives, renamed CHS Inc. in 2003 as the business outgrew the regional exchange identity.
Under the CHS name the cooperative expanded aggressively into energy, acquiring refineries at Laurel, Montana and McPherson, Kansas, and into food processing through joint ventures including Ventura Foods with Mitsui and Ardent Mills with Cargill. A nitrogen fertilizer joint venture with CF Industries ended in 2016 when CF bought out CHS for approximately $2.8 billion, capital redirected into the cooperative's own nitrogen plant at Spiritwood, North Dakota.
Fiscal 2025, ended August 31, 2025, showed the commodity exposure plainly: revenue fell 10% to $35.5 billion on lower grain and fuel prices, and net income halved to $597.9 million. CEO Jay Debertin, in the role since 2017, has emphasized supply chain building and advocacy on trade policy as tariffs and market shifts hit US agriculture.
What does CHS own?
CHS owns grain terminals and processing plants, oil refineries, agronomy distribution, the Cenex fuel and convenience store brand, and nitrogen production at Spiritwood, North Dakota, plus stakes in the Ventura Foods and Ardent Mills joint ventures.
Is CHS publicly traded?
Not in the conventional sense. CHS is a farmer-owned cooperative with no public common stock, but five series of its preferred stock trade on the Nasdaq Global Select Market.
Who founded CHS?
CHS was formed in 1998 by the merger of Cenex, whose predecessor Farmers Union Central Exchange was founded in 1931, and Harvest States Cooperatives, formed from earlier grain cooperative consolidations.
Where is CHS headquartered?
CHS is headquartered in Inver Grove Heights, Minnesota, USA, in the Minneapolis-St. Paul area.
How many brands does CHS own?
CHS operates under two principal brands: CHS for its agribusiness services and Cenex for fuel, lubricants, and convenience stores, alongside joint venture interests including Ventura Foods.
Who owns CHS?
CHS is owned by its members: farmers, ranchers, and local cooperatives across the United States. Earnings are returned to members through patronage and equity redemptions.
How large is CHS?
For fiscal 2025, CHS reported $35.5 billion in revenue, $597.9 million in net income, and approximately 10,700 employees. It is the largest farmer-owned cooperative in the United States.
CHS publishes a sustainability report covering soil health programs, renewable fuels, and emissions reductions at its refineries and agronomy operations. Its cooperative structure means its sustainability posture is reported to member-owners rather than external investors, and no third-party certifications such as B Corp apply.
The cooperative's status as the country's largest farmer-owned co-op is itself a competitive argument. CHS can present itself to members as aligned with their interests in a way that investor-owned competitors cannot, and that identity is a real commercial asset in markets where farmers choose their grain buyer and input supplier partly on trust.
The long-term risk and the long-term strength are the same thing: the brand's value is inseparable from the health of the American farm economy it serves. When farm income is under pressure, CHS's members feel it first, and the brand's fortunes follow.
CHS has been named as a distribution defendant in federal multidistrict litigation alleging coordinated crop input pricing by manufacturers and distributors of herbicides and seeds. Some manufacturer defendants reached settlements without admissions of wrongdoing; claims against distribution defendants, including CHS, remained in litigation as of September 2026 with no finding of liability against the cooperative.
The brand's refinery and grain handling operations carry routine OSHA and environmental compliance matters typical of the sector. None has reached a scale material to the cooperative's finances or its Nasdaq preferred listings.
The brand's identity is unusually functional. There is no consumer advertising and no lifestyle marketing, because CHS's customers are producers and cooperatives who interact with the brand at harvest and planting. Its reputation rests on reliability of supply, patronage economics, and the cooperative structure itself.
No direct competitors found in the same category. This could be because CHSoperates in a unique market segment or we're still building our competitor database.
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