CHS transfers $40,000 in equity to K.S.U.
February 11, 2008
by Eric Schroeder
INVER GROVE HEIGHTS, MINN. — CHS Inc. announced it has transferred $40,000 in equity held by its member cooperatives to Kansas State University for 2008. CHS said the equity will be used to fund an endowed chair or faculty professorship for cooperative studies at K.S.U.’s Arthur Capper Cooperative Center.
The $40,000 comes on top of an earlier $40,000 that was transferred last year, when the CHS Equity Transfer Program was piloted in Kansas.
"This is a part of our stewardship focus on education, youth and leadership," said Michael Toelle, CHS board chairman. "This is an opportunity to make a significant financial contribution to an outstanding institution, invest in the future of rural America, and connect the public with the values of agriculture and cooperatives."
Under the program, participating member cooperatives transfer ownership of a minimum of $5,000 of their CHS equity per year to the university. As the new holder of the equity, K.S.U. will receive any future cash redemptions issued by CHS’s board. For fiscal 2008, CHS said it expects to return $345 million to member owners in cash, marking the fourth consecutive record return to owners by CHS and the largest ever made by a U.S. agricultural cooperative.