CHS INC | 2013 | FY | 3


Inventories

Inventories as of August 31, 2013 and 2012 are as follows:
 
2013
 
2012
 
(Dollars in thousands)
Grain and oilseed
$
1,133,555

 
$
1,625,865

Energy
742,194

 
701,348

Crop nutrients
293,370

 
401,655

Feed and farm supplies
407,023

 
384,178

Processed grain and oilseed
79,706

 
76,892

Other
8,887

 
14,034

 
$
2,664,735

 
$
3,203,972



As of August 31, 2013, we valued approximately 16% of inventories, primarily crude oil and refined fuels within our Energy segment, using the lower of cost, determined on the LIFO method, or market (11% as of August 31, 2012). If the FIFO method of accounting had been used, inventories would have been higher than the reported amount by $652.6 million and $566.6 million at August 31, 2013 and 2012, respectively.

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