AMENDMENT NO. 7 TO THE CHS INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

Exhibit 10.3(d)

AMENDMENT NO. 7 TO THE
CHS INC.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

CHS Inc. (formerly known as Cenex Harvest States Cooperatives), pursuant to the power of amendment reserved to it in Section 8.1 of the CHS Inc. Supplemental Executive Retirement Plan (“Plan”), hereby amends the Plan in the manner set forth below effective as of September 1, 2008.

1. Section 4.5 of the Plan is amended by the addition of the following new paragraph (e):

     (e)  Cofina Financial, LLC . In connection with CHS’ acquisition of one hundred percent (100%) of Cofina Financial, LLC, a Minnesota limited liability company (“Cofina”), CHS assumed all deferred compensation obligations under the Cofina Financial, LLC Supplemental Executive Retirement Plan (“Cofina SERP”). Prior to such acquisition, Cofina was (and continues to be) a participating employer in the CHS Inc. Pension Plan. The Cofina SERP is (like the CHS SERP) a nonqualified defined benefit pension plan that provides benefits tha