CHS invests in Australian grain company
ST. PAUL, MINN. — CHS Inc. has invested in Agfarm, an Australian grain origination and marketing company. CHS and Ruralco Holdings Ltd. (Ruralco), Sydney, Australia, will each own 50% of Agfarm. The Agfarm name and management structure will not change.
“CHS is committed to investing for the long term in the Australian market, so that Agfarm growers benefit from even stronger connections to the growing, global demand for high quality grains and oilseeds,” said Rick Browne, CHS Ag Business, senior vice-president, Asia-Pacific. “This partnership aligns with CHS strategic growth initiatives that add value to member-owners by competitively linking global producers with buyers and consumers.”
Founded in 1992, Agfarm has 38 employees in eight offices in Australia. Agfarm founder Bob McKay will continue as chief executive officer.
“CHS is a farmer owned co-operative with a core commitment to helping its customers grow their businesses,” Mr. McKay said. “This is closely aligned with our own grower focus and commitment to improving outcomes for our clients, keeping them in farming for generations to come.
“CHS will provide Agfarm with global grain intelligence, strong marketing expertise and broader export opportunities. It will also provide the support to enable us to develop more innovative products and services. CHS is owned by growers and trades 52 million tonnes of grain and oilseed annually, to more than 65 countries.”