CHS Ukraine is an agricultural company that exports grains; works in the area of infrastructure and with Ukrainian farmers with the help of financial services. The company began operating in

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...

in 2008. CHS Ukraine is a part of CHS Inc., an international agricultural company owned by farmers, landowners and US agricultural

cooperative A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-control ...

s. CHS Inc. is a farmer-owned cooperative in the US with over 75,000 producer-owners throughout country. CHS Inc. is a Fortune 500 company. In FY 2015, the company's net revenue was $34.6 billion.

History

The history of CHS began in 1931 with the founding of the Farmers Union Central Exchange in

Saint Paul, Minnesota Saint Paul (abbreviated St. Paul) is the List of capitals in the United States, capital of the U.S. state of Minnesota and the county seat of Ramsey County, Minnesota, Ramsey County. Situated on high bluffs overlooking a bend in the Mississip ...

. Later, the core cooperative company became

Cenex Cenex, the Low Carbon and Fuel Cells Centre of Excellence, is an independent non-profit research and consultancy that helps private and public sector organisations devise ULEV strategies. Founded in 2005, Cenex is headquartered in Loughborough, ...

, from the combination of the last two words in its previous name. In 1998, Cenex merged with Harvest States Cooperatives to form Cenex Harvest States. In 2003, the cooperative changed its legal name to CHS Inc. In 2008, CHS entered the Ukrainian market. In 2010, port terminal "Olimpex", into which CHS invested $40 million, was put into operation.

Grains export

CHS Ukraine is one of the grain exporters on the Ukrainian market. CHS Ukraine annually exports 1 million tons of grains. Main crops include corn, wheat, barley, and soy. The company is a direct supplier of Ukrainian products to Egypt, Morocco, Korea, Indonesia, Bangladesh, Philippines, Spain, Israel, Italy, Algeria, Tunisia, China, Japan, and other markets.

Port infrastructure

CHS Ukraine participates in the development of the port infrastructure in Ukraine and is among the first investors into port logistics, specifically the "Olimpex" terminal in

Odesa Odesa (also spelled Odessa) is the third most populous city and municipality in Ukraine and a major seaport and transport hub located in the south-west of the country, on the northwestern shore of the Black Sea. The city is also the administrative ...

, which began operation in 2010. Total investment amounted to $40 million. Currently, a port terminal "Olimpex" has the bandwidth of 3.5 million tons per year and rotation of 28 times per year.

Financial services for farmers

CHS Ukraine has to offer Ukrainian farmers financial services in insurance, funding and risk management. They include: – access to the world prices and direct consumers of agricultural products for small and medium-sized farms; – agricultural procurement contract of goods with minimal price and price fixing option; – forward contracts with fixed prices; – inventory financing of binary warehouse receipts; – use of agricultural receipts for financing; – joint financing program for farmers with seed, fertilizer, and fuel suppliers.

Partnership

CHS is cooperating with companies from various industries all over the world and has a joint venture with

ConAgra Foods Conagra Brands, Inc. (formerly ConAgra Foods) is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, ...

(

Cargill Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in ter ...

/CHS); AgFarm ( Ruralco/CHS Australia); TEMCO (Cargill/CHS); and

CF Industries CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products, based in Deerfield, Illinois, a suburb of Chicago. It was founded in 1946 as the Centra ...

Nitrogen (CF industries/CHS). In Ukraine, the company cooperates with IFC, ОККО,

Syngenta Syngenta AG is a provider of agricultural science and technology, in particular seeds and pesticides with its management headquarters in Basel, Switzerland. It is owned by ChemChina, a Chinese state-owned enterprise. Syngenta was founded in 2 ...

, and others as well as with the

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focus ...

(EBRD)

References

External links

* ** * * *{{cite web, url=http://www.ebrd.com/work-with-us/projects/psd/serseris-grain-terminal.html , title=GNT Grain Terminal , website=Ebrd.com , date= , accessdate=2017-02-26 Agriculture companies of Ukraine Cooperatives in Ukraine Grain elevators