July 8, 2020

Archives for August 2013

My MaxYield Internship: Clint McConnell

What are the Clintmost valuable skills you gained as a MaxYield intern? Working with the grain department has helped me to have a better understanding of how to follow and hedge markets and learn about the different types of contracts.

 What are some opportunities you have had this summer that you didn’t expect? I was grateful that I had the opportunity to sit in on many important meetings with both MaxYield team members and MaxYield’s business partners. I also had the opportunity to job shadow Mick Hoover and Brad Shirk at the Mallard location with Haley Banwart.

How has MaxYield influenced your goal to pursue a career in agriculture? I have realized that I enjoy working within the agriculture industry and I look forward to pursuing a career in agricultural business.

 What are some lessons you have learned that you will take with you as your college career progresses? I have learned what it is like to interact with other people in a business setting and have gained an overall knowledge of how co-ops are operated and organized.  I will also take with me words of wisdom from my mentors Karl Setzer, Rick Abrahamson, and Harry Bormann. “Buy low, sell high.”

How has MaxYield expanded your perspective on agriculture? MaxYield has definitely broadened by perspective on agriculture as I have a better understanding of how the industry works on many levels such as markets.

What is one of your most memorable experiences as a MaxYield intern? I have really enjoyed getting to know the other interns by spending time with them on industry tours and having supper with them at the Banwart farm.

 

My MaxYield Internship: Haley Banwart

Looking back on my summer experience as a MaxYield communications intern I reflect on two matters:Haley Final

  1. Where did the summer go??
  2. I am so lucky to have had the opportunity to intern at MaxYield Cooperative.

The amount of knowledge and skills I have gained over the past three months is simply incredible. I am so grateful for having the opportunity to be a part of the MaxYield team and I know the invaluable experiences and lessons I have learned over the summer will be essential as I move forward in my college career.

Growing up, I had many different ideas about what type of career I might pursue as a student and eventually as an adult. Even two years ago I wouldn’t have been able to predict that agricultural communications was the right path for me. After starting my college career at Iowa State University and spending the past summer with MaxYield Cooperative, I now know that agriculture is certainly the driving factor that motivates me each day. Yes, I have a strong will for writing and communicating about agricultural topics, but my passion runs much deeper than this alone.

Everything from collecting mud on my boots on the farm to making strong relationships with the genuine people of rural communities has helped me gain a profound appreciation for agriculture. Interning at MaxYield Cooperative is another example of an experience that has only strengthened my dedication to pursuing my goal of being an agricultural advocate.

Thank you to everyone at MaxYield Cooperative who has made my intern experience a true success!

Growing Opportunities: Emmetsburg Location Specializes in Agronomy, Seed, and Fuel

MaxYield EmmetsburgThomas Edison said many people don’t recognize opportunity because it usually goes around wearing overalls and looking like hard work. This isn’t the case at MaxYield Cooperative’s Emmetsburg location.

“There’s room for growth here, and we’re focused on increasing this business,” said Walt Reichert, MaxYield’s west area team leader.

The Emmetsburg location’s history in the cooperative system dates back to 1999, when West Bend Elevator Company purchased the former Emmetsburg Terra agronomy facility from Agro Distribution LLC. The plant, which was originally built in 1994, has become a hub for MaxYield’s agronomy, seed, and fuel divisions.

“We serve clients from northwest Iowa and Minnesota,” said Mason Nicklos, a client service representative, who joined MaxYield in June of 2012.

Other team members associated with the Emmetsburg location include Scott Murphy, Emmetsburg location leader; Mason Hoffman, agronomy specialist; Kurt Metzger, seed solutions specialist; Janie Imming, SciMax Solutions specialist; Doug Shirk, energy solutions specialist; Mark Evans, fuel truck driver; Denny Darling, fuel truck driver; Rol Hamerlinck, fuel driver/LP; Val Auten, client care leader; Randal Moffitt, outside operations; and Mike Corley, outside operations.

“I appreciate MaxYield’s people,” said Neil Ankeny, a MaxYield client who has farmed for 40 years northeast of Emmetsburg, where he raises corn and soybeans. “I like to run ideas by them, because they are knowledgeable, do a good job, and are willing to help me out.”

Ankeny also participates in SciMax Solutions and values the expertise of the SciMax team members from the Emmetsburg location. “I like to the see the results of new things and look forward to learning more through SciMax.”

Learning and growing

Mason NicklosThis progressive spirit is reflected in many growers in the area, said Nicklos, who runs the seed warehouse, handles work orders, and focuses on safety at the Emmetsburg location. “Clients in our area want to learn just as much as we want to teach them and are interested in precision agriculture solutions like variable-rate fertilizer and planting.”

To meet clients’ needs, the Emmetsburg location plays many key roles within the MaxYield system. Emmetsburg maintains one of MaxYield’s largest heated storage areas in the west region for crop protection products that must be stored in a climate-controlled building, including WARRANT™ herbicide and Instinct™ nitrogen stabilizer.

The Emmetsburg location team also works with Kerber Milling. MaxYield began originating corn for Kerber Milling in October of 2006 and handled the entire process until Kerber installed its own scale in March of 2013. The two companies continue to work closely together, and Val Auten, MaxYield’s client care leader, is based at the Kerber facility.

As the Emmetsburg location continues to evolve, this creates opportunities for team members and the clients they serve. Nicklos, for example, was hired as an agronomy specialist level I trainee and was promoted to a client service representative in late 2012 to assist MaxYield’s agronomists.

“I’ve been given lots of support in this new role,” said Nicklos, an Ogden native who earned his ag business degree from Iowa State University in May of 2012. “The opportunities here are growing my agronomy knowledge, which helps me work with the MaxYield team to serve our clients more effectively.”

Ask the Grain Expert: What Do I Need to Know About Basis?

Karl SetzerGrain Solutions Team Leader Karl Setzer offers his insights into different grain marketing topics here periodically. If you have a topic you’d like Karl to address in future issues of My Solutions or posts, e-mail us at cmeyer@maxyieldcooperative.com, or ksetzer@maxyieldcooperative.com. You can also view his daily market commentary, at www.MaxYieldGrain.com.

Q: What do I need to know about basis?

A: Basis is the difference between the local cash bid and the Chicago Board of Trade futures price. In normal years, corn prices are 30 to 35 cents under the futures, but lately they’ve been 30 to 35 cents over futures.

Think of basis as a throttle or a choke. When there’s a lot of grain coming in, basis weakens, which throttles things down. When more grain is needed, basis improves to throttle things up.

While basis is the difference between cash prices and futures prices, there’s a little bit more involved. Beyond basic supply and demand, which influences our cash bids, there’s an elevation charge, which reflects the cost to move grain in and out of the bin or elevator. In addition, we have to account for shrink on the grain, transportation costs, interest costs on stored grain, and other costs of operation.

As I tell all my clients, don’t get hung up on basis. Worry more about cash prices, because they pay the bills.

 

 

My MaxYield Internship: Ryan Flagel

Internship Update20130619_maxyield_277

What is the day in the life of a Grain Operations Intern like at MaxYield Cooperative? Throughout the summer I have done a variety of grain related tasks such as dumping grain trucks, grading grain, blending corn, and being involved with the train loading process.

What have been some of your main projects as an intern this summer? One of my biggest projects was unloading the grain bunker. The bunker was full with about 1.3 million bushels of corn so it was a project that kept me pretty busy throughout the summer.

What is it like working with the MaxYield team? Everyone at MaxYield has been very helpful and understands that I am an intern. They have taken their time to introduce me to how the elevator operates and have done a great job at answering my questions.

What has been one of your best experiences as a MaxYield intern? I have really enjoyed being a part of the train loading process because I have learned something new every time. I have been involved with three train loadings and each time I played a new role from being a switchman, to sealing, to running grain.

 How has your college experience helped you to prepare for your internship? One of my college courses taught me how to grade grain so that was really helpful in preparing me for a grain operations internship. It was nice to have that type of experience before starting at MaxYield.

 What are some of the opportunities that you have had at MaxYield that you didn’t expect when starting your internship? I am going to have the chance to work with the SciMax program which will be a great opportunity because it pertains to my college experience. I have worked with other programs such as SMS through Ag Leader so I am looking forward to learning what SciMax is all about.

MaxYield Cooperative Supports Kossuth County 4-H Program

Crop

Six local Kossuth County 4-H’ers accepted a donation from MaxYield that will decrease the cost of membership. L-R: Abigail Stecker, Starr Haler, Madi Goche, Nick Kardoes, Courtney Carlson, and Morgan Frideres.

On Tuesday, July 23, MaxYield Cooperative presented a check to the Kossuth County Extension and Outreach in support of the 4-H program. The donation reflects MaxYield’s goal of decreasing the cost of 4-H membership by contributing $10.00 per 4-H member.

Each year the cooperative contributes more than $18,000 to 4-H in seven Iowa counties.

MaxYield Cooperative is a local farmer owned agricultural cooperative that has 18 locations in Iowa and one in Riga, Michigan. They are headquartered in West Bend, Iowa. More information about the cooperative can be found online at www.MaxYieldCooperative.com or www.FromTheField.com.