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(AP) – The farmer-owned CHS cooperative says it will pay 0 million to its owners, including 6 million to Minnesota members.

The nation’s largest farmer-owned cooperative earned a record $1.2 billion in the last fiscal year, up 31 percent over 2011. The majority of CHS profits last year came from its energy business. Oil refineries in Montana and Kansas earned high margins because of favorable crude oil prices.

Minnesota has nearly 25,000 CHS members, the most of any state and earned the most cash. North Dakota was second in overall payouts, with nearly 18,000 members getting $103 million.