INVER GROVE HEIGHTS -- CHS, the member-owned agricultural cooperative based in Inver Grove Heights, Minnesota has announced plans to return $1 billion in cash patronage and equity redemptions in 2023.

The money will be shared with member cooperatives and thousands of farmers and ranchers.

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According to CHS, the distribution would be the largest in CHS history and bring the total cash patronage and equity redemption to $3.1 billion since 2012.

The final financial report for CHS is due in November and details on the patronage distribution will follow.

CHS is a leading global agribusiness provider of energy, grain marketing services, and crop products. CHS is owned by member cooperatives, farmers, and ranchers across the nation.

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