CHS and MKC Mutually Agree to End Grain Marketing Venture
CHS Inc. and Mid-Kansas Cooperative (MKC) have mutually agreed to start the process to end their grain marketing joint venture.
“For the past two years, CHS has worked closely with MKC to bring a joint grain marketing venture called Producer Ag to fruition,” said John Griffith, executive vice president, CHS ag business and CHS Hedging. “While CHS will no longer continue forward with the grain purchasing venture, I want to thank MKC for the opportunity for our cooperatives to work together in this way. Our ongoing relationship with MKC is strong and reflects our commitment to strengthening the cooperative system.”
CHS and MKC have a long history of collaborating in the region. The two cooperatives will continue joint ownership of three grain rail terminals in Kansas.
“We appreciate the dedication, cooperation and hard work that went into building our grain marketing relationship,” said Brad Stedman, president and CEO, MKC. “We are confident in our continued work with CHS and look forward to serving our respective customers and owners in the Southern Plains.”
Once the grain marketing joint venture has ended, both companies will continue to independently operate across the region, including owning and operating assets and grain marketing operations.