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SOURCE CHS Foundation
ST. PAUL, Minn., Oct. 16, 2013 /PRNewswire/ --The CHS Foundation, the independent giving entity of CHS Inc. (NASDAQ: CHSCP), the nation's leading farmer-owned cooperative, announced today it will contribute $100,000 to the South Dakota Rancher Relief Fund to assist livestock producers in the aftermath of a devastating blizzard earlier this month.
"Ranchers across western South Dakota suffered significant loss of cattle, sheep and other livestock as a result of this storm, the vast majority of which is not covered by insurance or other programs," said William Nelson, president, CHS Foundation. "Through this contribution, we hope to alleviate some of the costly storm affects and support these producers in restoring their lives and livelihoods."
The South Dakota Rancher Relief Fund, which has been endorsed by Gov. Dennis Daugaard, is administered by the Black Hills Area Community Foundation in cooperation with the South Dakota Association of Cooperatives, South Dakota Stockgrowers Association, the South Dakota Cattlemen's Association and the South Dakota Sheep Growers Association. Its goal is to directly benefit livestock producers impacted by the blizzard.
In addition to the contribution, CHS is working directly with its affected producer customers in the region to identify short- and long-term needs for feed and other assistance.
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, 2012, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.
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