Farmers must keep eye on consumer news on rising food prices, official saysFARGO - U.S. farmers need to monitor how consumers respond to rising food prices, the leader of one of America's most prominent cooperatives says.
By: Jon Knutson, The Forum
FARGO - U.S. farmers need to monitor how consumers respond to rising food prices, the leader of one of America's most prominent cooperatives says.
"I don't know what that (response) will be.You need to keep an eye on it," said John Johnson, president and chief executive officer of Inver Grove Heights, Minn.-based CHS.
Johnson spoke Wednesday morning in Fargo to a group of area farmers, farm group leaders, and North Dakota State University students and officials.
CHS, a Fortune 200 company, is a diversified energy, grains and food company. It's owned by farmers, ranchers, cooperatives and preferred stockholders.
Last year the cooperative had record net income of $756.7 million
Read more in Thursday's Forum.