X0306 4 2016-01-27 0000823277 CHS INC CHSCO 0001537714 Erickson Larry Jon 5500 CENEX DRIVE PO BOX 64089 ST. PAUL MN 55164 1 Class B Cumulative Redeemable Preferred Stock 2016-01-27 2016-01-27 4 P 0 414.0000 29.0000 A 414.0000 D The reporting person acquired the Class B Cumulative Redeemable Preferred Stock-Series 1 in exchange for equity in an unaffiliated third party entity having an estimated market value of $12,006. ericksonpoa.txt James M. Zappa, Attorney in Fact 2016-01-28