July 22, 2019

Archives for September 2013

Susan Post named next CFO of MaxYield Cooperative

Susan Post has been named Chief Financial Officer of MaxYield Cooperative, effective January 1, 2014. The appointment was announced recently by Keith Heim, MaxYield Cooperative CEO.

Post will succeed Robert Burkhardt, who in April announced his intention to retire from the company at year’s end.

Post will be based in MaxYield’s headquarters in West Bend, Iowa.

Heim said, “Having to replace someone with the experience and leadership of Bob Burkhardt would be an enormous challenge for any company, however, we were extremely fortunate to have quality candidates apply for this position. With Susan’s qualifications and background, we are confident that she will provide the necessary leadership to continue the success of MaxYield Cooperative.”

Before joining MaxYield, Post established and operated an accounting and tax practice in Titonka, IA. Her firm specialized in individual, corporate, partnership, estate, and non-profit tax preparation, plus accounting and payroll services.

Since 2004, she has served as a board member and audit committee chair for Midwest Grain Processors Cooperative (MGP). In this role she assisted in financing of projects, audits, equity raises and maintaining and protecting farmer interests in the ethanol facility.

Post also represented MGP Co-op and farmer interests as a board member for Global Ethanol, Inc. from 2006 to 2010.

Prior to establishing her accounting firm, Post served as an auditor at McGladrey and Pullen, located in their Des Moines and Mason City, IA offices.

Post earned her Bachelor’s Degree in Accounting from the University of Northern Iowa in Cedar Falls, IA. In addition to being a Certified Public Accountant, she has held Series 7 and Series 66 securities licenses.

Post and her husband Allen reside on their farm near Woden, IA and have three children.

MaxYield Cooperative is a local agricultural cooperative with 17 locations in Iowa and one in Riga, MI. They are headquartered in West Bend, IA. In fiscal year 2013 the cooperative had $4,201,659 in local savings and $9.1 million in total savings before taxes.

More information about MaxYield can be found online at www.MaxYieldCooperative.com.

Letters to Britt and Fostoria Cooperative Members

Members of the Fostoria Cooperative Elevator Company and Britt Farmers Cooperative Elevator recently received the following letters (shown below) in the mail. MaxYield is proud to have completed  the equity commitments in full and five years before the date specified by the merger agreements.

 

September 2, 2013

Dear Fostoria Cooperative Elevator Company Member:

MaxYield Cooperative is pleased to enclose payment of deferred equity that you as a member of Fostoria Cooperative Elevator earned through your business and support of your cooperative.

As per the 2003 merger agreement between MaxYield Cooperative and Fostoria Cooperative Elevator, MaxYield will return to members of Fostoria Cooperative Elevator money MaxYield receives from regional cooperatives for payment of regional cooperative deferred equity held by Fostoria Cooperative Elevator up to the total amount of deferred member equity held by members at the time of the 2003 merger.

This check is in payment of Fostoria Regional Equity that you earned as a member of the Fostoria Cooperative Elevator. This represents 100% of the balance of your Class “H” Preferred Stock.

This payment pays off the remaining applicable Fostoria Regional equity due members and completes Fostoria Regional equity payment obligation of MaxYield Cooperative.

MaxYield is grateful for your support, and is pleased to complete the equity payments due to you, per the 2003 merger agreement.

Thank you for your past business with Fostoria Cooperative Elevator and your continued support of MaxYield Cooperative.

If you have any questions, please do not hesitate to contact our Fostoria location or Elaine Wilderman in our West Bend office. You can reach Elaine at 1-800-383-0003 ext. 210.

Cooperatively,

Keith Heim, CEO

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September 2, 2013

Dear Britt Farmers Cooperative Elevator Member:

MaxYield Cooperative is pleased to enclose payment of deferred equity that you as a member of Farmers Cooperative of Britt earned through your business and support of your cooperative.

As per the 2003 merger agreement between MaxYield Cooperative and Farmers Cooperative of Britt, MaxYield will return to members of Farmers Cooperative of Britt money MaxYield receives from regional cooperatives for payment of deferred equity held by Farmers Cooperative of Britt up to the total amount of regional deferred member equity held by members at the time of the 2003 merger.

This check is in payment of Britt Regional equity that you earned as a member of Farmers Cooperative of Britt.

This payment pays off the remaining Britt Regional equity due you and completes MaxYield’s obligation for payment of Britt member’s Regional equity as per the 2003 merger agreement.

Thank you for your past business with Farmers Cooperative Elevator and your continued support of MaxYield Cooperative.

If you have any questions, please do not hesitate to contact our Britt location or Elaine Wilderman in our West Bend office. You can reach Elaine at 1-800-383-0003 ext. 210.

Cooperatively,

Keith Heim, CEO

Ryan Flagel Explores His Options

Ryan Flagel When Ryan Flagel’s Iowa State University (ISU) roommate, Jake Mullenix, told him about his 2012 grain operations internship at MaxYield Cooperative, Ryan wanted to learn more.

“Jake said he really liked the people here, and you get a lot of hours to work and learn,” said Flagel, from Maquoketa, who is a senior majoring in ag systems technology at ISU.  Flagel made a point to talk to the MaxYield team during the ag career fair at ISU and is glad he did. “I feel blessed to have this grain operations internship.”

Q: What inspired you to study agriculture in college?

A: I grew up on an acreage near Maquoketa, and my grandpa has a small farm. After graduating from Maquoketa High School in 2010, I came to ISU undecided on a major. After taking some ag classes, I decided ag technology would be a good fit, because this area is always growing and evolving.

Q: What have you enjoyed about your MaxYield grain operations internship?

A: I’m learning quite a bit every day. I help unload trucks, run the grain legs and conveyors, load trains, and grade the grain. I’m not limited to grain operations, either. I’ve been learning about agronomy and got to ride in a sprayer with one of MaxYield’s applicators. I’m also interested in SciMax Solutions and have had the chance to learn more about precision ag, including Ag Leader equipment.

Q: How have you benefited by having Pat White and Dave Hubka as your mentors at MaxYield?

A: If I need anything or have any questions, I can ask Pat and Dave. They also help lead me in the right direction when I want to learn about other areas of MaxYield, like agronomy or SciMax.

Q: What are your career goals after graduation?

A: I graduate in May of 2014 and want to stay in agriculture. I could see myself working for MaxYield, if there’s a job opportunity available.

 

Interesting facts about Ryan:

• During the school year, Ryan works for a farmer near Nevada.

• In his free time, Ryan enjoys hunting, helping his dad on the farm, and riding his fourwheeler.

• Ryan is based in Belmond, and one thing he won’t forget is the tornado that hit the community on June 12. “It was exciting and scary all at the same time,” Ryan said.

Internship Grows With Ryan Mayland’s Interests

Ryan MaylandRyan Mayland of Britt has always been interested in crop production, and several factors convinced him that MaxYield Cooperative was the right place to learn more about agronomy sales, seed, and precision agriculture.

“Mark Eisenman is a MaxYield team member who got my older brother, Nate, interested in agronomy at Iowa State University (ISU), and now I’m following in my brother’s footsteps,” said Mayland, 20, who is a junior at ISU majoring in ag studies and minoring in agronomy. “I was also interested in interning at MaxYield after picking up a copy of MaxYield’s magazine from the ag career office at ISU and reading about other interns’ experiences.”

After Mayland watched a YouTube video in which 2012 agronomy intern PJ Frederick talked about his internship at MaxYield, Mayland knew MaxYield would be the right choice for him too.

Q: What inspired you to study agriculture in college?

A: My dad, Keith, farms with my uncle and my grandpa, and I spent a lot of time on the farm when I was growing up. My high school ag teacher and FFA advisor, Paul Haugie, also influenced me. He’s a fun teacher, and I took as many ag classes with him as I could, including animal science and agronomy classes.

Q: What have you enjoyed about your MaxYield agronomy and seed internship?

A: I like working with the seed side of the business and knew I didn’t just want to sit behind a desk or do crop scouting all summer. Every day is different with my agronomy, seed, and sales internship. One day I’m visiting with a client, and the next day I’m getting seed from the Spencer seed warehouse. I also enjoy going out to the seed plots and seeing how different varieties and hybrids are performing. The variety of the work keeps you on your toes. As a MaxYield intern, you’re not just an employee on the bottom. I’ve gotten to work with the SciMax Solutions® team and have helped with tissue testing. I’ve worked with Janie Imming to see how she collects data and enters it into the planter monitor for variable-rate planting. I like the hands-on work with Sci-Max, which helps clients with soil sampling and variable-rate nitrogen. This makes nutrient applications more accurate, boosts yield potential, and protects the environment.

Q: How have you benefited by having Kurt Metzger as your mentor at MaxYield?

A: Kurt has a vast knowledge of the agronomy world. While he gives me guidance, he also lets me handle a lot of projects. I’m in charge of 30 fields for a client, and Kurt sends me out on my own to check the fields. Other days I tag along with Kurt when he’s making sales calls. I’ve enjoyed getting to meet the growers and learn more about their farming operations.

Q: What are your career goals after graduation?

A: I’d like to stay in Iowa or southern Minnesota and work in agriculture. I want to be close to our family’s farm because I like to help out, especially with harvest.

 

Interesting facts about Ryan:

• Ryan is a member of Iowa State University’s (ISU) Farm Operations Club, which hosts speakers from Pioneer, Ag Leader Technology, and other local companies to educate the students about current career opportunities in agriculture.

• Ryan enjoys hunting deer (bow and shotgun), ducks, and pheasants. He also likes to go fishing at Spirit Lake and Five Island Lake and enjoys catching bass.

• In the fall, there’s a good chance you’ll find Ryan at ISU football games.

Jake Mullenix Grows Into a New Role

Jake MullenixJake Mullenix learned so much as a MaxYield grain operations intern in 2012 that he wanted to come back in 2013 to explore the agronomy side of the business.

“I had a really great experience last year,” said Mullenix, a 21-year-old Iowa State University ag business major from Bloomington, IL. “MaxYield is a great company with a bright future, and I want to be part of this.”

Q: What inspired you to study agriculture in college?

A: When I was growing up, I’d stay at my grandparents’ farm near Red Oak for two or three weeks each year. I really enjoyed working with Grandpa. By the time I finished my freshman year of high school, I knew I wanted to go into agriculture.

Q: What have you enjoyed about your MaxYield agronomy operations internship?

A: There’s always something new to do each day in agronomy. I’m based out of the Mallard location, and I helped load chemicals and fertilizer this spring. I’ve also filled anhydrous tanks. Some days I deliver products to the field and help load tender trucks. I always stay busy. I also like the flexibility of my internship. If there’s something I want to learn more about, the MaxYield team members make it happen.

Q: How have you benefited by having Ryan Stokes and Walt Reichert as your mentors at MaxYield?

A: They are easy to get along with, and they explain things thoroughly. Whenever I have any questions, I can ask Ryan or Walt. Everyone at MaxYield is friendly and helpful, and I’m glad I’ve gotten to know them.

Q: What are your career goals after graduation?

A: I don’t know exactly what direction I want my career to go after I graduate in May of 2014, but I’m definitely interested in agronomy.

 

Interesting facts about Jake:

• Jake’s dad, Will Mullenix, worked for MaxYield in years past as an agronomy specialist.

• Jake is a legacy student at Iowa State University (ISU), since his father and grandfather also studied there. Jake will be a senior when he returns to college this fall.

• Jake earns extra money at the ISU dairy farm, where he works with the livestock and helps clean the barns.