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
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Syngenta to Sell Seed Business
Ag Interest Rate Snapshot
Minding Ag's Business
Minding Ag's Business
Ask the Taxman by Andy Biebl
State of the Industry
Railroads Gear Up for Harvest
Cash Rent Reset - 3
Senior Partners - 5
Net Farm Income Falling Fast