SUPPLEMENTAL SAVINGS PLAN

Employee Benefits Plan Agreement

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This Employee Benefits Plan Agreement involves

CHS INC

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Title: SUPPLEMENTAL SAVINGS PLAN
Date: 7/12/2006

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Exhibit 10.3

AMENDMENT NO. 3 TO THE
CHS INC.
SUPPLEMENTAL SAVINGS PLAN

CHS Inc., pursuant to the power of amendment reserved to it in Section 7.1 of the CHS Inc. Supplemental Savings Plan (“Plan”), hereby amends the Plan in the manner set forth below, generally effective as of July 1, 2006.

1. Article I is amended by the addition of the following new Sections 1.3 , 1.4 and 1.5:

Section 1.3. Discontinuance of Deferrals. Effective July 1, 2006, voluntary elective deferrals to this Plan shall be permanently discontinued.

Section 1.4. Conversion to CHS Inc. Deferred Compensation Plan. Amounts previously deferred pursuant to the terms of this Plan and the Participant’s Deferred Compensation Agreement shall become part of the Participant’s Deferral Account balance under the CHS Inc. Deferred Compensation Plan (the “DCP”). Following such conversion, such amounts shall be credited or debited with earnings, gains or losses in accordance with the terms of the DCP, and shall be paid in accordance with rules governing time and form of payment under the DCP. Notwithstanding the foregoing, the following special rules shall apply:

	(a)		Amounts deferred pursuant to a Deferred Compensation Agreement providing one or more scheduled payments, all of which are paid in full no later than December 31, 2008, shall not become part of the DCP, but shall instead continue to be governed by the terms of this Plan and the Deferred Compensation Agreement until such amounts, and any earnings thereon, are paid in full.

	(b)