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SOURCE CHS Inc.
ST. PAUL, Minn., Jan. 30, 2014 /PRNewswire/ -- CHS Inc. (NASDAQ: CHSCP), the nation's leading farmer-owned cooperative and a global energy, grains and foods company, announced today it will contribute $25,000 to the Keep Wisconsin Warm Fund and $25,000 to HeatShare, administered by the Minnesota Salvation Army. Both programs are assisting individuals and families impacted by extremely cold temperatures and propane shortages.
The CHS Foundation, the independent giving entity of CHS Inc., also is designating $25,000 of its annual $100,000 American Red Cross Disaster Giving contribution to support the organization's work to provide shelters and other emergency assistance to individuals and families affected by the propane supply challenges in Minnesota and other states in which CHS supplies propane.
"Keeping our customers and others warm during this extreme cold is our priority," said William Nelson, president, CHS Foundation. "Through these contributions, we hope to alleviate potential life-threatening energy-related emergencies during this prolonged cold snap, which has been compounded by severe propane supply challenges in some parts of the U.S."
CHS is working with its customer marketers throughout the U.S. to manage propane deliveries to stretch supplies for home and other heating use and to delay non-critical propane demand needs until product becomes more plentiful.
The Keep Wisconsin Warm Fund is a non-profit, public/private partnership that keeps the heat and power on for thousands of families in crisis. HeatShare provides energy assistance on a year-round basis to families in crisis. The American Red Cross Annual Disaster Giving provides shelter and other emergency assistance to individuals and families forced to leave their homes.
In addition to the contributions, CHS is working directly with its affected propane marketer customers to identify short- and long-term solutions to propane supply issues, including evaluating supply and storage needs.
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal 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.
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, 2013, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.