FOURTH AMENDMENT OF CHS INC. DEFERRED COMPENSATION PLAN

Exhibit 10.18(d)

CHS Inc.
Deferred Compensation Plan
Master Plan Document

FOURTH AMENDMENT
OF
CHS INC.
DEFERRED COMPENSATION PLAN

     WHEREAS, CHS Inc. (the “Company”) has heretofore established and maintains a nonqualified deferred compensation plan which is embodied in a document effective December 30, 2004 and entitled “CHS Inc. Deferred Compensation Plan, Master Plan Document, as amended by three amendments (collectively, the “Plan document”);

     WHEREAS, the Company has reserved to itself the power to make further amendments of the Plan document;

     NOW, THEREFORE, the Plan document is hereby amended as follows:

1. AUTHORITY TO APPROVE PARTICIPATING EMPLOYERS. Effective September 1, 2008, Section 1.29 of the Plan document (the definition of “Employer(s)”) is amended by replacing the term “Board” with “Committee”.

2. AUTHORITY TO TERMINATE PLAN. Effective September 1, 2008, the second sentence in Section 12.1 of the Plan document is deleted and replaced with the following sentence:

     Accordingly, the board of directors of any Employer reserves the right to Terminate the Plan (as defined in Section 1.39) as to that Employer, and the Board of Directors of the Company reserves the right to Terminate the Plan in its entirety as to the Company and all Employers.

3. AUTHORITY TO AMEND. Effective September 1, 2008, the first sentence in Section 12.2(a) of the Plan document is deleted and replaced with the following two sentences:

     The Board may, at any time, amend or modify the Plan in whole or in part. In addition, the Committee may, at any time, amend or modify the Plan in whole or in part, so long as such amendment does not materially increase the cost of the Plan.

4. AUTHORITY TO AMEND. Effective September 1, 2008, Section 12.2(b) of the Plan document is amended by replacing the term “ Company” with “Committee”.

5. DEFERRED COMPENSATION COMMITTEE. Effective September 1, 2008, the first sentence of Section 13.1 of the Plan document is deleted and replaced with the following sentence:

Except as otherwise provided in this Article 13, this Plan shall be administered by the Deferred Compensation Committee (hereinafter, the “Committee”), which shall consist of the Chief Executive Officer of the Company, or such committee as the Chief Executive Officer of the Company shall appoint. Members of the Committee may be Participants under this Plan.

CHS Inc.
Deferred Compensation Plan
Master Plan Document

6. APPENDIX D — AGRILIANCE ACCOUNTS. Effective September 1, 2008, the Plan document is amended by the addition of the Appendix D attached hereto.

7. APPENDIX E — COFINA ACCOUNTS. Effective September 1, 2008, the Plan document is amended by the addition of the Appendix E attached hereto.

IN WITNESS WHEREOF, CHS Inc. has caused its name to be hereunto subscribed on this 3rd day of September, 2008.