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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001299933-07-005214.txt : 20070904
<SEC-HEADER>0001299933-07-005214.hdr.sgml : 20070903
<ACCEPTANCE-DATETIME>20070904153332
ACCESSION NUMBER:		0001299933-07-005214
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070904
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
FILED AS OF DATE:		20070904
DATE AS OF CHANGE:		20070904

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:		071096933

	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_22451.htm
<DESCRIPTION>LIVE FILING
<TEXT>
<!-- CoverPageHeader start -->
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
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<HEAD>
<TITLE> CHS Inc. (Form: 8-K) </TITLE>
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<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">
<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
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<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
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<FONT SIZE="2">

</FONT>
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<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
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</P>
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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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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	September 4, 2007
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</TABLE>
<BR>
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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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	Minnesota
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	0-50150
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	41-0251095
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	&nbsp;&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	5500 Cenex Drive, Inver Grove Heights, Minnesota
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	&nbsp;
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	55077
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	651-355-6000
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</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>
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<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
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<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 1.01 Entry into a Material Definitive Agreement.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
        On September 4, 2007, CHS Inc. (the "Company") issued a press release announcing that it had entered into an Agreement Regarding Distribution of Assets (the "Agreement") along with its wholly owned subsidiary, United Country Brands, LLC ("UCB") and Land O&#x2019;Lakes, Inc. ("LOL"), and its wholly owned subsidiary Winfield Solutions, LLC ("Winfield"). Pursuant to the Agreement, effective as of September 1, 2007, Agriliance LLC ("Agriliance"), a 50-50 joint venture between UCB and LOL, effected a partial distribution of its assets to its parent companies.  Prior to the distribution, Agriliance operated three core business segments:  crop protection products (the "CPP Business"); crop nutrients (the "CN Business"); and a general agronomy retail business (the "Retail Business"). <br><br>	As set forth in the Agreement, Agriliance distributed the assets of the CPP Business to Winfield and the assets of the CN Business to the Company.  As previously announced, Agriliance will continue to exist as a 50-50 j
oint venture between the parents, and will operate the Retail Business.  However, the Company and LOL are exploring repositioning options for portions of the Retail Business, and are currently in negotiations for the sale of substantially all the assets related to that business to a group led by certain former Agriliance senior management and financial backers.  The potential sale would include the Agronomy Company of Canada, Agro Distribution, LLC (doing business as ProSource One) and Agriliance&#x2019;s retail locations in the southern United States.  Further details will be disclosed if and when a definitive agreement is reached.  <br><br>   	Given the different values assigned to the assets of the CPP Business and the assets of the CN Business, the parent companies have agreed that, in order to maintain equal capital accounts at Agriliance, LOL will pay down certain portions of Agriliance&#x2019;s debt and make a cash payment to the Company.  Accordingly, on September 4, 2007, the Company expects to rece
ive $32.6 million from LOL.  Final values of the distributed assets have not yet been determined and a value true-up payment by one of the parents to the other may be required after such final determination has been made.  Neither of Agriliance&#x2019;s parents assumed any debt as part of this transaction, apart from selected operating leases.<br>
</FONT>
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<FONT SIZE="2">
<B>
	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
        In connection with the Agriliance distribution, Cheryl Schmura was named Vice President, Crop Nutrients effective September 1, 2007, and will lead the Company's Crop Nutrients operations.  In addition, effective September 1, 2007, the Company's Board of Directors appointed two other officers of the Company as follows:  Kevin Williams, Senior Vice President Energy Sales and Darin Hunhoff, Vice President Propane.
</FONT>
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<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="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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<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">
	CHS Inc.
</FONT>
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	&nbsp;&nbsp;
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</TD>
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	&nbsp;
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	&nbsp;
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	&nbsp;
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<I>
	September 4, 2007
</I>
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</TD>
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	&nbsp;
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<I>
	By:
</I>
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	&nbsp;
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<I>
	/s/ John Schmitz
</I>
<BR>
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	&nbsp;
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<I>
	Name: John Schmitz
</I>
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<I>
	Title: Executive Vice President and Chief Financial Officer
</I>
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