Exhibit 99.4

DISCLOSURE STATEMENT 2011 2012 2013 2014 2015 This presentation and other CHS Inc. publicly available presentations contain, and CHS officers and representatives may from time to time make, “forward–looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Report Act of 1995. Forward–looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Forward–looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on CHS current beliefs, expectations and assumptions regarding the future of its businesses, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of CHS control. CHS actual results and financial condition may differ materially from those indicated in the forward–looking statements. Therefore, you should not rely on any of these forward–looking statements. Important factors that could cause CHS actual results and financial condition to differ materially from those indicated in the forward–looking statements are discussed or identified in CHS public filings made with the U.S. Securities and Exchange Commission, including in the "Risk Factors" discussion in Item 1A of CHS Annual Report on Form 10–K for the fiscal year ended August 31, 2016. Any forward–looking statements made by CHS in this presentation are based only on information currently available to CHS and speak only as of the date on which the statement is made. CHS undertakes no obligation to publicly update any forward–looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

TIM SKIDMORE Chief Financial Officer

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pride in ownership finances

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challenging year finances 2016

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finances CHS net income in millions 2012 2013 2014 2015 2016 $1,260.6 $992.4 $1,081.4 $781.0 $424.2

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finances revenues in billions 2012 2013 2014 2015 2016 $40.6 $44.5 $42.7 $34.6 $30.3

finances pre-tax earnings $275.4 million energy segment

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finances pre-tax earnings $30.9 million ag segment

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2016 an overview Energy Ag Nitrogen Production Foods Corporate and Other Taxes Noncontrolling Interests $275 31 34 65 15 4 0 $424 2016 2015 $ in millions $538 150 0 63 17 12 1 $781 consolidated earnings

$ finances $516 million cash returns 2016

$ finances cash returns 2016 in millions Cash Patronage Equity Redemptions - Cash Equity Redemptions - Preferred Stock Preferred Stock Dividends $252 24 77 163 $516

$ finances $337 million cash returns 2017 estimated

$ finances cash returns 2017 in millions Cash Patronage Equity Redemptions Preferred Stock Dividends $112 58 167 $337 estimated

$ finances preliminary 2016 wholesale patronage rates bulk fertilizer specialty $3.63 gallons bushels tons refined fuels premium diesel 3¢ 5¢ spring wheat soybeans corn 3¢ 1¢ 1¢ $10.63