Cenex “Tanks” You, Farmers

By titanoutlet February 12, 2013 15:18


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Cenex “Tanks” you!

            Cenex is a familiar company name for many of us in the agricultural world.  I decided, after reading an article about them, that I would do a little research to educate myself further.  What I found on www.en.wikipedia.org/wiki/CHS_Inc. was interesting:

CHS Inc. is a Fortune 500 business owned by United States agricultural cooperatives, farmers, ranchers and thousands of preferred stock holders; based in suburban St. Paul, Minnesota. It owns and operates various food processing and wholesale, farm supply, Cenex brand fuel, financial services and retail businesses, and is a co-owner of Ventura Foods, a vegetable oil processor.

It is ranked 1st on the National Cooperative Bank Co-op 100 list of mutuals and cooperatives (ranked by 2009 revenue), and 103rd (by 2010 revenue) in the Fortune 500 2010 list of United States corporations.[1][2] CHS is the 25th largest convenience store chain in the United States.[3]

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.[4]

In 1998, Cenex merged with Harvest States Cooperatives to form Cenex Harvest States.[4]

In 2003, the cooperative changed its legal name to CHS Inc., with Cenex becoming the name of the energy brand.[4]

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.[5] 

Sutton, North Dakota

Cenex - Sutton, North Dakota (Photo credit: afiler)

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.

In November 2011, CHS Acquired Israeli, TASE listed, soy protein company Solbar Industries for $133 Million.[6]

CHS Inc. activities include grain merchandising and transportation, sunflower and soybean processing, wholesale fertilizer, animal feed production and sale, and various farm supplies. 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, which 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.

Pretty impressive stuff, right?  But what impresses me the most has to do with a program they began last year and intend to continue in 2013.  Cenex’s Tanks of Thanks program rewards good deeds by people nominated by others.  It’s their way of saying thank you to people who do their part to make the communities Cenex serves better.  These are just regular (or maybe not) folks who are making a difference in this world.  Last year 5,600 individuals were nominated, and 2,600 of them were rewarded with over $132,000 in free fuel.  The CHS company culture involves stewardship that encourages volunteerism, and so Akhtar Hussain (brand manager for CHS Refined Fuels) says they want to build on the success of 2012.

Anybody can nominate someone, and there is no limit to the number of people you can nominate.  Every month, 100 nominees are randomly chosen to receive a $50 gift card for redemption at any Cenex retail location.  Cenex brand retailers operate in 19 states, supplying customers with refined fuels, propane and lubricant products, and nearly all the dealer and retail locations are locally owned and operated, playing an active role in their communities.

So let people know you’re noticing their contributions by visiting www.tanksofthanks.com  and nominating them.  Do some volunteering yourself, and you could be noticed as well.  While getting some free fuel for your gas tank is great, there are countless other benefits to helping others.

Terry Olson – Titan Outlet Store Team



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By titanoutlet February 12, 2013 15:18
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