Grain terminal being considered for Milan by 2 companies

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Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Submitted to Sumner Newscow — CHS Inc., an energy, grains and food company and the nation’s leading farmer-owned cooperative, and MKC, a full-service farm cooperative offering a complete line of products, programs and services throughout Kansas, are considering plans to build and operate a grain terminal in Milan, Kan.If approved, site preparation would begin in early 2016. Located in Sumner County, the facility will include a high-speed shuttle loader with access to the BNSF line. Upon completion, on-site storage will be approximately 7 million bushels.“This project is part of our continued commitment to meet the needs of producers and to sustain the cooperative model for future generations,” said Dave Christiansen, president and CEO. “The addition of speed and space with access to world markets will bring value to the local producers in the region and allow other cooperatives in the area access to markets through a cooperative partner.”“Helping producers successfully grow their operations today as well as tomorrow takes a strong cooperative system,” said Lynden Johnson, executive vice president, CHS Country Operations division. “We are proud to be partners with MKC to invest on behalf of our owners and meet the growing needs of area farmers.”The facility would operate as Producer Ag, LLC, a limited liability company owned by CHS and MKC. The LLC also operates a high-speed shuttle loading facility in Canton, Kan. The LLC is a member of Team Marketing Alliance (TMA) which would handle grain marketing services for the Sumner County facility.“Our alliance with global grain partner, CHS, connects MKC producer-members directly to the end-user through the cooperative system,” Christiansen said. “Our goal is to strategically position our cooperative for the future to add value for our producers.”About MKCMKC is a full-service farm cooperative offering a complete line of products, programs and services for both farm and urban customers throughout Kansas. With a current membership of more than 9,800 members, MKC specializes in grain, agronomy, energy, feed and risk management.Since its founding in 1965, MKC has expanded its footprint through mergers and acquisitions to meet the needs of the producer. Learn more about MKC at www.mkcoop.com.About CHSCHS 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 and other CHS Inc. publicly available documents contain, and CHS officers and representatives may from time to time make, “forward–looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Report Act of 1995. Forward–looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.Forward–looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on CHS current beliefs, expectations and assumptions regarding the future of its businesses, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of CHS control.CHS actual results and financial condition may differ materially from those indicated in the forward–looking statements. Therefore, you should not rely on any of these forward–looking statements. Important factors that could cause CHS actual results and financial condition to differ materially from those indicated in the forward–looking statements are discussed or identified in CHS public filings made with the U.S. Securities and Exchange Commission, including in the “Risk Factors” discussion in Item 1A of CHS Annual Report on Form 10–K for the fiscal year ended August 31, 2014.Any forward–looking statements made by CHS in this document are based only on information currently available to CHS and speak only as of the date on which the statement is made. CHS undertakes no obligation to publicly update any forward–looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.Follow us on Twitter.last_img

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