FARGO, N.D., March 23, 2016 /PRNewswire/ -- The CHS
Foundation, the major giving entity of CHS Inc. (NASDAQ: CHSCP),
the nation's leading farmer-owned cooperative, announced today it
has awarded a $2.5 million grant to
North Dakota State University (NDSU) to
create the CHS Chair in Risk Management and Trading.
The endowment, and related programs funded by it, will better
prepare more students entering the regional and national commodity
marketing business, create a state-of-the-art teaching and training
platform for students pursuing careers in risk and trading, and
expand and upgrade the university's producer outreach and extension
programs. The CHS Chair in Risk Management and Trading will be part
of the Agribusiness and Applied Economics Department of the College
of Agriculture, Food Systems and Natural Resources. The first
director of the endowed chair will be William Wilson, Ph.D. and distinguished
professor in the Department of Agribusiness and Applied Economics
at NDSU.
"CHS has a long and very strong commitment to North Dakota, and the CHS Foundation has an
equally solid tradition of partnership and shared success with
North Dakota State University," said
Linda Tank, CHS senior vice
president, Communications and Public Affairs. "This new commitment
deepens our relationship to the state and NDSU and will provide
significant, long-term benefit to the agriculture industry."
NDSU President Dean L. Bresciani
said he appreciates the vision of CHS. "As the leading researcher
and educator in agriculture for North
Dakota, NDSU greatly values its partnership with CHS and the
CHS Foundation. The vision and commitment of the private sector is
a powerful testament to the importance of educating future leaders
for the industry. On behalf of NDSU, I want to extend a warm thank
you to the CHS Foundation and to CHS cooperative- and
farmer-owners."
CHS Foundation investments support university curriculum and
programs to expand student skills, opportunities and career
prospects. Other CHS Foundation funding includes: $100,000 in North
Dakota scholarships awarded over the past five years, a
$250,000 grant to the NDSU Commodity
Trading Lab, $250,000 in support of
the Quentin Burdick Center for Cooperatives and ongoing support for
the NDSU Harvest Bowl.
"Students pursuing careers as global commodities traders, or in
risk management, will clearly benefit by having curriculum
specifically tailored to their education and focus," said Tank. "In
turn, regional agribusinesses benefit by having a solid pipeline of
highly qualified, future employees."
The CHS Foundation is the major giving entity of CHS Inc., the
nation's leading farmer-owned cooperative and a global energy,
grains and foods company. As a part of the CHS stewardship focus,
the CHS Foundation supports education and leadership programs that
invest in the future of agriculture, cooperative business and rural
America.
CHS 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.
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SOURCE CHS Foundation