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<SEC-DOCUMENT>0001299933-07-003795.txt : 20070621
<SEC-HEADER>0001299933-07-003795.hdr.sgml : 20070621
<ACCEPTANCE-DATETIME>20070621132607
ACCESSION NUMBER:		0001299933-07-003795
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070621
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070621
DATE AS OF CHANGE:		20070621

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHS INC
		CENTRAL INDEX KEY:			0000823277
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
		IRS NUMBER:				410251095
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50150
		FILM NUMBER:		07933230

	BUSINESS ADDRESS:	
		STREET 1:		5500 CENEX DRIVE
		CITY:			INVER GROVE HEIGHTS
		STATE:			MN
		ZIP:			55077
		BUSINESS PHONE:		651-355-6000

	MAIL ADDRESS:	
		STREET 1:		5500 CENEX DRIVE
		CITY:			INVER GROVE HEIGHTS
		STATE:			MN
		ZIP:			55077

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENEX HARVEST STATES COOPERATIVES
		DATE OF NAME CHANGE:	19980611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARVEST STATES COOPERATIVES
		DATE OF NAME CHANGE:	19961212
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_21057.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
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<TITLE> CHS Inc. (Form: 8-K) </TITLE>
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<A NAME="DOCUMENT_TOP">&nbsp;</A>
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<FONT SIZE="4">
		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
</FONT>
<BR>
<FONT SIZE="2">
	WASHINGTON, D.C. 20549
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
</FONT>
<FONT SIZE="2">

</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="3">
	CURRENT REPORT
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<P ALIGN="CENTER">
<FONT SIZE="2">
	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
</FONT>
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<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
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	&nbsp;
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	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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<FONT SIZE="2">
	June 21, 2007
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<P ALIGN="CENTER"><!-- -->
<FONT SIZE="6">
	CHS Inc.
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	&nbsp;
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	&nbsp;
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	Minnesota
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<FONT SIZE="2">
	0-50150
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<FONT SIZE="2">
	41-0251095
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<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
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<FONT SIZE="2">
_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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<FONT SIZE="2">
	File Number)
</FONT>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
</FONT>
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	&nbsp;&nbsp;
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	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	5500 Cenex Drive, Inver Grove Heights, Minnesota
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<FONT SIZE="2">
	&nbsp;
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</TD>
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	55077
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<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
</FONT>
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___________<BR>
	(Zip Code)
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<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

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	&nbsp;
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	651-355-6000
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
</P></FONT><!-- PageBreak START -->
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<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
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<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
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<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 8.01 Other Events.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
Agriliance LLC and its owners, Land O&#x2019;Lakes, Inc. and CHS Inc., issued the attached press release on June 21, 2007, announcing that they are repositioning two business segments of the Agriliance agronomy joint venture. CHS is acquiring the crop nutrients wholesale distribution business. Land O&#x2019;Lakes is acquiring the wholesale crop protection products business, and will align that business with the Land O&#x2019;Lakes Seed division.  Agriliance will continue as a Land O'Lakes/CHS 50-50 joint venture and operate its existing retail agronomy business.  Agriliance's Chief Executive Officer, George Thornton, will be retiring in connection with the repositioning of Agriliance.  Terms of the transaction, expected to be completed in September 2007, will not be disclosed until details are finalized. <br>
</FONT>
</P>
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<BR><BR><BR><BR><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
(c) Exhibits<br><br>99.1   Press release dated June 21, 2007
</FONT>
</P>
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<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
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<P ALIGN="CENTER">
<FONT SIZE="2">
<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
</FONT>
</P>
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	&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	CHS Inc.
</FONT>
</TD>
</TR>
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<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
<I>
	June 21, 2007
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	/s/ John Schmitz
</I>
<BR>
</FONT>
</TD>
</TR>
<TR>
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<HR SIZE="1" NOSHADE>
</TD>
</TR>
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<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
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<FONT SIZE="2">
	&nbsp;
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<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: John Schmitz
</I>
</FONT>
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<FONT SIZE="2">
	&nbsp;
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	&nbsp;
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<I>
	Title: Executive Vice President and Chief Financial Officer
</I>
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	Exhibit&nbsp;Index
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	Exhibit No.
</B>
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<FONT SIZE="1">
	&nbsp;
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<TD NOWRAP ALIGN="LEFT">
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	Description
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	99.1
</DIV>
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<FONT SIZE="2">
	&nbsp;
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<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Press release dated June 21, 2007
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<TYPE>EX-99.1
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<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"><FONT style="font-size: 11pt">For Immediate Release
<BR>
For Information Contact:
<BR>
Lydia Botham
<BR>
651-481-2123
<BR>
<U>lrbotham@landolakes.com</U>
<BR>
Lani Jordan
<BR>
651-355-4946
<BR>
<U>lani.jordan@chsinc.com</U>
</FONT>

<P align="center" style="font-size: 11pt"><B>CHS and Land O&#146;Lakes Repositioning Agriliance Businesses</B>



<P align="left" style="font-size: 11pt; text-indent: 2%"><B><I>CHS to Acquire Crop Nutrients; Land O&#146;Lakes to Acquire Crop Protection Products</I></B>


<P align="left" style="font-size: 11pt">INVER GROVE HEIGHTS, Minn. (June&nbsp;21, 2007) &#151; Agriliance LLC owners Land O&#146;Lakes, Inc. and CHS Inc.
today announced that they are repositioning two business segments of the Agriliance agronomy joint
venture. CHS is acquiring the crop nutrients wholesale distribution business. Land O&#146;Lakes is
acquiring the crop protection products business, and will align that business with the Land O&#146;Lakes
Seed division. Terms of the transaction, expected to be completed in September&nbsp;2007, will not be
disclosed until details are finalized.


<P align="left" style="font-size: 11pt">Land O&#146;Lakes President and CEO Chris Policinski and CHS President and CEO John Johnson say
repositioning the businesses is the most appropriate strategic decision. &#147;This repositioning is
consistent with our objective of maintaining the most effective farmer-owned presence possible in
the crop inputs industry. By aligning each business segment with the core competencies and
strengths of each parent company, we can intensify our focus in each of these key businesses,
reduce costs and even more effectively supply valuable crop inputs to members and customers,&#148; they
said jointly.


<P align="left" style="font-size: 11pt">Agriliance will continue as a Land O&#146;Lakes/CHS joint venture and operate its existing retail
agronomy business.


<P align="left" style="font-size: 11pt">The Agriliance crop nutrients business, which will be owned by CHS, provides local retailers and
producers with a dependable supply of primary crop nutrients (nitrogen, phosphorus and potassium).
Its supply network includes a deep-water port at Galveston, Texas, facilities at Memphis, Tenn.,
and strategically located crop nutrients terminals.


<P align="left" style="font-size: 11pt">Under CHS ownership, the crop nutrients business will benefit from the company&#146;s capabilities in
logistics, distribution, risk management, and global trading.&nbsp;


<P align="left" style="font-size: 11pt">The Agriliance crop protection products operation, being acquired by Land O&#146;Lakes, includes the
AgriSolutions&#153; line of more than 200 adjuvants, herbicides, insecticides, fungicides, defoliants
and seed and grain protectants. These products are manufactured at plants in Hampton, Iowa; St.
Joseph, Mo.; and Blytheville, Ark. The crop protection products operation also includes an
extensive technology and education system.


<P align="left" style="font-size: 11pt">The crop protection products business will become an operating unit of Land O&#146;Lakes, closely
aligned with the Land O&#146;Lakes Seed division. The two businesses will leverage combined technical
and marketing expertise in the implementation of a collaborative go-to-market strategy. Among the
anticipated changes are: expanded joint promotions, marketing and brand building efforts;
coordinated service offerings; and new efficiencies through shared customer service and
distribution activities. These efforts also are intended to enhance the cooperative system&#146;s
AgriSolutions&#153; crop protection product, Origin&#174; micronutrient and <FONT style="font-variant: SMALL-CAPS">Croplan Genetics</FONT>&#174; seed
brands.


<P align="left" style="font-size: 11pt"><B><I>About the companies</I></B>


<P align="left" style="font-size: 11pt">Agriliance was formed in February, 2000, and is an agronomy marketing joint venture owned by Land
O&#146;Lakes, Inc. (50&nbsp;percent) and CHS Inc. (50&nbsp;percent). Agriliance is a distributor and marketer of
crop nutrients, crop protection products, seed (through <FONT style="font-variant: SMALL-CAPS">Croplan Genetics </FONT>brand) and
related technical services to crop producers through local cooperatives and, company-owned retail
locations and independent dealers in the U.S., Canada and Mexico.


<P align="left" style="font-size: 11pt">Land O&#146;Lakes, Inc. (<U>www.landolakesinc.com</U>) is a national, farmer-owned food and
agricultural cooperative with annual sales of more than $7&nbsp;billion. Land O&#146;Lakes does business in
all 50 states and more than 50 countries. It is a leading marketer of a full line of dairy-based
consumer, foodservice and food ingredient products across the United States; serves its
international customers with a variety of food and animal feed ingredients; and provides farmers
and ranchers with an extensive line of agricultural supplies (feed, seed, crop nutrients and crop
protection products) and services. Land O&#146;Lakes also provides agricultural assistance and technical
training in more than 25 developing nations.


<P align="left" style="font-size: 11pt">CHS Inc. (<U>www.chsinc.com</U>) is a diversified energy, grains and foods company committed to
providing the essential resources that enrich lives. A Fortune 500 company, CHS is owned by
farmers, ranchers and cooperatives from the Great Lakes to the Pacific Northwest and from the
Canadian border to Texas, along with thousands of preferred stockholders. CHS provides products and
services ranging from grain marketing to food processing to meet the needs of customers around the
world. It also operates petroleum refineries/pipelines and, through a broad range of working
partnerships, markets and distributes Cenex&#174; brand energy products and renewable fuels, along with
agronomic inputs and livestock feed to rural America. CHS is listed on the NASDAQ at CHSCP.


<P align="left" style="font-size: 11pt; text-indent: 19%"><FONT style="font-size: 12pt"># # #
</FONT>


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