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Agrimarketing : May 2009 Supplement
04 AG BIZ PROFILE:16 Thinking Outside Box 5/4/09 2:39 PM Page 8 2009 NAMA AGRIBUSINESS LEADER OF THE YEAR HISTORYOFCHSANDITSENERGYUNIT 1929:North PacificGrainGrowers, Inc. (NPGG) is organized as a regional cooperative,with 60 affiliated local cooperatives. 1931: Cenex, originally the Farmers Union Central Exchange, is founded January 15. 1938: The Farmers UnionGrain Terminal Association (GTA) opens for business in St. Paul,MN, on June 1with 121 local affiliated cooperatives. 1943: An oil refinery at Laurel,MT, is purchased and a one-third interest in theNational Cooperative Refinery Association atMcPherson, KS, is acquired. 1945: Cenex enters the feed, plant food and seed business. 1946: Cenex expands plant food operations by becoming amajor stockholder of CF Industries. 1987: Cenex joinswith Land O’Lakes to formthe Cenex/ LandO’Lakes Ag Servicesmarketing joint venture. 1988: First Cenex convenience store opens. 1992: Cenex acquiresmajority ownership (74.2%) of the 75,000-barrelper-dayNational Cooperative RefineryAssociation atMcPherson, KS. 1998: Cenex andHarvest States unite on June 1 to become Cenex The CHS corporate headquarters is located in Inver Grove Heights,MN. Harvest States Cooperatives, an integrated agricultural foods system linking producers to consumers. 1998: CenexHarvest States forms Country Energy, LLC,with Farmland Industries, creating the nation’s leading cooperatively owned systemselling,marketing and distributing refined fuels, propane, lubricants and petroleum equipment. 2000: CenexHarvest States, Farmland Industries and Land O’Lakes, Inc., formAgriliance LLC, a joint venture involving the sales, marketing and distribution of agronomic inputs and services including plant food and crop protection products.Aseparate joint venture also is formed involving the cooperatives’ seed businesses. 2000: CHS Cooperatives is adopted as the company’s name, alongwith a newlogo. 2001: CHS announces plans to acquire Farmland Industries’ share of Country Energy, LLC, ending the successful three-year-old energy sales,marketing and distribution venture. 2003: CenexHarvest States Cooperatives changes its legal name to CHS Inc.All operating divisions carry the CHS name; although Cenex remains the company’s energy brand. 2003: CHS preferred stock is listed onNASDAQ exchange under CHSCP. This updated image is rolling out on Cenex branded convenience stores. 8 Agri Marketing s May 2009 2008: CHS jumps 73 places in the Fortune 500 and is nowthe nation’s 72nd largest corporation. AM