Co-ops on the move in Ag!

[TOM4CWB]

MINNEAPOLIS and ST. PAUL, MINNESOTA, U.S. — Cargill and CHS Inc. announced on Aug. 4 the two agribusiness companies are in discussions to expand the scope of TEMCO LLC, to include other Pacific Northwest export assets owned by the companies.

TEMCO, which operates an export facility in Tacoma, Washington, D.C., is owned equally by CHS and Cargill, and currently exports corn, soybeans and milo to Asia Pacific markets. Cargill and CHS both said that the TEMCO joint venture has been successful and that they are considering expanding the scope in anticipation of continued demand for wheat, feed grains, oilseeds and by-products into Asia.

Background:
CHS Inc. From Wikipedia, the free encyclopedia

Secondary agricultural cooperative (NASDAQ: CHSCP)
Industry

Wholesale agriculture products
Fuels
Founded 1931

Headquarters Inver Grove Heights, Minnesota, United States

Key people Carl Casale, CEO

Revenue $25.7 billion (2009)[1]

Operating income $341 million (2009)[1]

Total assets $6.7 billion (2007)[1]

CHS Inc. is a Fortune 100 organization owned by United States agricultural cooperatives, farmers, ranchers and thousands of preferred stock holders. Based in suburban St. Paul, Minnesota, its activities include grain merchandising and transportation, sunflower and soybean processing, wholesale fertilizer, animal feed production and sale, and various farm supply. It is also the manufacturer of Cenex brand gasoline and diesel products from refineries in Laurel, Montana and McPherson, Kansas. Through wholly owned subsidiaries, it sells property/casualty insurance, group health benefits, agricultural financing and commodity brokerage services. CHS also has a joint venture with Mitsui & Co. called Ventura Food, LLC, that manufactures and distributes vegetable-oil based products such as margarine and cooking oil. Ventura Foods owns and distributes the consumer brands Homade Chili Sauce, Dean's Dips and Marie's Dressings.

It was ranked 14th on the ICA Global 300 2008 list of mutuals and cooperatives (ranked by 2006 revenue), and 91st (by 2009 revenue) in the Fortune 500 2010 list of United States corporations.[2][1] CHS is the 13th largest convenience store chain in the United States.[2]

[edit] History

CHS today is the result of many mergers of farmer-owned cooperatives. Significant events include the following.

In 1931 Farmers Union Central Exchange was founded in Saint Paul, Minnesota. That core cooperative company later became Cenex, a combination from the last two words in its former name.[3]

In 1998, Cenex merged with Harvest States Cooperatives to form Cenex Harvest States.[3].

In 2003, the cooperative changed its legal name to CHS Inc., with Cenex becoming the name of the energy brand.[3]

John Johnson was the President and CEO. Johnson began his career with former Harvest States in 1976 as a feed consultant in the GTA Feeds Division, later becoming regional sales manager, director of sales and marketing and general manager of GTA Feeds. He retired from CHS Inc on December 31, 2010 [4].

Carl Casale is the current President and CEO. Carl Casale became president and chief executive officer of CHS Inc., Jan. 1, 2011, after a 26-year career in agribusiness.

[wilagro]

And what has happened to OUR Marketing Co-operatives? Most of 'em down the tube and helped along by stupid and incompetent managers and successive governments that could have cared less about the co-operative movement and who would rather encourage foreign interests and investments over local control.

[TOM4CWB]

Wilagro,

Is the cup always half empty with you?

What about the Alberta Bean Plant that Viterra runs that has pool support from the fed. marketing act?

What about Federated Co-operatives Limited?
FCL's sales in 2010 were $7.1 billion. Net savings were $498 million.

Member Profile

Federated Co-operatives Limited (FCL) is a multifaceted enterprise based on the fundamental principles of co-operation. FCL provides central marketing services including manufacturing, wholesaling and distribution, as well as administrative services to its member-owners… approximately 270 retail co-operatives located throughout Western Canada. These retail co-operatives and their branches operate in more than 500 communities, providing a variety of products and services to more than 1,300,000 individual co-op members. Together, FCL and its member retail co-operatives are united as the Co-operative Retailing System (CRS), providing employment for more than 18,000 people. In addition to the retail co-operatives, FCL has 20 affiliate and associate members.

Visit online: www.fcl.ca

WHy not have FCL run the new CWB... with the Coop Credit Unions providing financial services with the federal pooling programs to back it all up?

We have all the brainpower and financial strength needed to make a world class system... much like the US CHS Inc. has.

Or do you care Wilagro.

What is your vision???

[Burbert]

Co-ops in Albertie are droppin like flies.
Lets get ridda them is the current
gobernment attitude, turner over to the
private sector. After all we's open fer
business. Anybody know a good pyramid
scheme wes could buy inta?

[sumdumguy]

Burbert, what's it got to do with Alberta
government?

[rodb]

Burbert

Where are your statistics? Co-ops are becoming larger and serving a much larger cutomer base. Yes the little ones are diappearing but are in large part merging to give themselves and their members better economies of scale.