FARM BUSINESS NEWS
CHS Expanding Propane Storage
Myke Feinman Refine Fuels Reporter
Tue Apr 15, 2014 04:23 PM CDT

STREATOR, Ill. (DTN) -- CHS Inc., an energy, grains and foods company, is building 4.2 million gallons of storage capacity for propane across the upper Midwest to help mitigate propane shortages that plagued the U.S. -- especially the upper Midwest -- this past winter.

"We originally invested $18 million in rail terminals," Matt Kumm, CHS propane marketing manager, told DTN Tuesday afternoon. "After this season, we took a look and said 'storage is very important' at all levels. We expanded to $24 million with the extra $6 million devoted to storage alone."

Triggering the original expansion plans was news last ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Herd Booster In 1935, in an effort to help ranchers hit hard by the Dust Bowl, the U.S. government bought 547 ...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Taxlink by Andy Biebl What farmers consider a hedge may be speculation in the eyes of IRS -- and that significantly alt...
  • Woodbury: Family Business Matters Consider whether you want your legacy to be measured by the size of your bank account, your inves...
  • Ask the Vet Some tips on fly control.
Related News Stories
Minding Ag's Business
Minding Ag's Business
Deere to Lay Off 460 on Weak Demand
Farming on the Mother Road - 7
Ag Interest Rate Snapshot
Farming on the Mother Road - 6
View From the Cab
Minding Ag's Business
Woodbury: Farm Family Business
View From the Cab