CHS is a global agribusiness owned by agricultural cooperatives, farmers and ranchers. CHS helps farm owners and stakeholders grow their businesses, supplying energy, crop nutrients, livestock feed and food through its global operations. It also offers insurance, financial services and risk management. The company operates petroleum refineries and pipelines, and also manufactures, markets and distributes Cenex brand refined fuels, lubricants, propane and renewable energy products. In 2012 CHS paid $10m for a feasibility study into constructing a $1-1.5bn fertiliser plant, and was rumoured to be considering further acquisitions to better position it within the fertiliser and crop protection chemicals market.