Notes Payable and Long-Term Debt (Tables)

12 Months Ended

Aug. 31, 2025

Debt Disclosure [Abstract]

Schedule of notes payable

Notes payable as of August 31, 2025 and 2024 consisted of the following:

	Weighted-Average Interest Rate
	2025	2024	2025		2024
			(Dollars in thousands)
Notes payable	4.97%	3.64%	$	584,226	$	163,136
CHS Capital notes payable	4.79%	4.34%	568,231		143,695
Total notes payable			$	1,152,457	$	306,831

Schedule of amounts included in long-term debt

Amounts included in long-term debt on our Consolidated Balance Sheets as of August 31, 2025 and 2024, are presented in the table below:

	2025		2024
	(Dollars in thousands)
3.85% unsecured notes $80 million face amount, due in fiscal 2025	$	—	$	80,000
3.80% unsecured notes $100 million face amount, due in fiscal 2025	—		100,000
4.58% unsecured notes $150 million face amount, due in fiscal 2025	—		150,000
4.82% unsecured notes $80 million face amount, due in fiscal 2026	80,000		80,000
4.69% unsecured notes $58 million face amount, due in fiscal 2027	58,000		58,000
3.24% unsecured notes $95 million face amount, due in fiscal 2028	95,000		95,000
4.74% unsecured notes $95 million face amount, due in fiscal 2028	95,000		95,000
5.68% unsecured notes $150 million face amount, due in fiscal 2030	150,000		150,000
3.48% unsecured notes $100 million face amount, due in fiscal 2031	100,000		100,000
4.89% unsecured notes $100 million face amount, due in fiscal 2031	100,000		100,000
5.84% unsecured notes $150 million face amount, due in fiscal 2032	150,000		150,000
3.58% unsecured notes $65 million face amount, due in fiscal 2033	65,000		65,000
4.71% unsecured notes $100 million face amount, due in fiscal 2033	100,000		100,000
5.93% unsecured notes $150 million face amount, due in fiscal 2034	150,000		150,000
3.73% unsecured notes $115 million face amount, due in fiscal 2036	115,000		115,000
5.40% unsecured notes $125 million face amount, due in fiscal 2036	125,000		125,000
6.05% unsecured notes $150 million face amount, due in fiscal 2037	150,000		150,000
6.13% unsecured notes $250 million face amount, due in fiscal 2039	250,000		250,000
Private placement debt	1,783,000		2,113,000
6.85% unsecured term loan from cooperative and other banks, due in fiscal 2026 (a)	—		1,000
Term loan	—		1,000
Finance lease liabilities (Note 19)	55,198		49,511
Deferred financing costs	(3,894)		(4,562)
Other, including notes and contracts with interest rates from 3.9% to 9.0%	1,529		2,511
Total long-term debt	1,835,833		2,161,460
Less current portion	90,447		337,266
Long-term portion	$	1,745,386	$	1,824,194
(a) Borrowings are variable under the agreement and bear interest at a base rate plus an applicable margin.

Schedule of minimum future payments

Long-term debt outstanding as of August 31, 2025, has aggregate maturities, excluding finance leases (see Note 19, Leases, for a schedule of minimum future lease payments under finance leases), as follows:

	(Dollars in thousands)
2026	$	80,778
2027	58,601
2028	190,150
2029	—
2030	150,000
Thereafter	1,305,000
Total	$	1,784,529