January 25, 2021

Archives for December 2013

Put Your Soil to the Test: Get the Dirt on SciMax’s New Soil Sampling Service

20131009_maxyield_104 compHow will you feed your high-yielding crops of the future? Accurate grid soil sampling is the first step to getting the most economic return on your precision farming investment.

All soil tests aren’t created equal, however. That’s why MaxYield Cooperative and SciMax Solutions are taking the process in-house.

“Quality is the key with soil sampling,” said Eric Goodman, a SciMax Solutions specialist who is in charge of soil sampling. “While SciMax has partnered with other companies in the past, we’ve started running all our samples at a private lab to provide the highest quality service and data.”

With this new system, you’ll benefit from more flexible scheduling and faster turnaround time. The real results are behind the scenes, however. With the heavy clay soils that are common throughout MaxYield’s trade territory, soil samples need to be dried properly for best results. Since heating the samples to dry them faster can give false readings, the samples need to be air dried.

MaxYield and SciMax are working with Dr. Rick Vanden Huevel of VH Consulting Inc., to provide this attention to detail. “Quality methods and careful research are very important to Dr. Vanden Huevel,” said Goodman, who noted that MaxYield has partnered with Vanden Huevel for six years on SciMax Nitrogen. “He has studied nitrogen management throughout his career, and his expertise will help us provide more sound agronomic results.”

Better nutrient placement equals better yields

MaxYield and SciMax are easing into the new soil sampling system this fall. Trained SciMax professionals will be pulling soil samples this fall and next spring using the latest technology.

“Spring soil sampling is a great option, because it gives us more time to work with clients to develop a fertilizer plan as we head into fall,” Goodman said. Spring soil sampling also saves you $1 per acre, compared to fall soil sampling, he added.

When you sign up for SciMax grid soil sampling, samples are pulled every 2.5 acres using the latest GPS technology. The samples are sent to Vanden Huevel’s certified lab, where they are thoroughly analyzed.

Once the results are in, SciMax compiles maps for your fields. This is the start of a customized fertilizer recommendation plan that shows you where you need fertilizer and how much you need.

“Increasing yields starts when you know how much variability is in your fields,” Goodman said. “Understanding your soil conditions will help ensure you apply the right amount of nutrients where they are needed.”

To fine-tune the process, SciMax sampled a number of fields on 1.6-acre grids this year to see if this offers even better results. “Our goal is to conduct more research and find more solutions that are customized for growers in this area,” Goodman said. “We’re excited about offering in-house soil sampling and look forward to helping our clients increase yields through information management. “

For more information on soil sampling or SciMax Solutions, log onto www.scimaxsolutions.com/soil-sampling.



Evaluating Your Estate Plan

Palo Alto County and Kossuth County Extension and Outreach invite you to their workshop, “Evaluating Your Estate Plan”. This workshop will answer estate planning questions and prepare you for your future farm transitions and estate planning.

Topic covered:

  • Language of Estate Planning
  • Property ownership
  • Use of business entities
  • Transferring decision making control
  • Gift, estate and inheritance taxes
  • Calculating retirement costs
  • Setting goals
  • Steps for implementing your estate plan

Speakers include:
Melissa O’Rourke, B.S, M.A, J.D
Farm & Agribusiness Management Specialist – northwest Iowa

Kelvin Leibold, B.S, M.A
Farm & Agribusiness Management Specialist – central Iowa

Date: Thursday, January 30, 2014
Time: 9:30 a.m. to 4:00 p.m.
Location: West Bend Community Center, 103 S. Broadway Ave, West Bend, IA 50597

To register: Palo Alto County Extension: 712-852-2865
$50/person, lunch included
Space limited, register early!

Vintage Revival: Derek Iwen Keeps the Classics Classy

Derek IwenFor Derek Iwen, there’s nothing better than wrenchin’ in the shop and rollin’ down Iowa’s back roads. If you can’t find him at MaxYield Cooperative in Mallard, he’s probably working on a classic car in his garage or at his Grandpa Virg Auten’s shop in Mallard.

“I’d drive an old car any day instead of a new vehicle,” said Iwen, 28, who handles outside operations for MaxYield. “They are classy, and you can fix them yourself.”

These aren’t just any old cars, though. We’re talking 1967 Camaros and other gems. While Iwen keeps some of these vehicles, he’s more of a flipper. In fact, he has bought and sold about 18 cars through the years. “I have a car fund and add money as I sell vehicles so I can keep my hobby going,” Iwen said.

Here are five things that keep Iwen fired up about restoring America’s automotive heritage:

1. Taking the road less traveled.

Iwen credits his father Brett and Grandpa Virg Auten for sparking his interest in classic cars. “I’ve been on a lot of adventures with Grandpa to find old cars and trucks. I got the bug for collecting when I’d go to auctions with him.” This interest led to job opportunities. While Iwen’s fraternal twin brother, Justin, played sports in school, Iwen preferred to work at Larson Oil, which his uncle, Heath Sabin, ran in Mallard. Starting in middle school, Iwen handled oil changes and learned how to replace belts, hoses, alternators, and more. During high school and college, Iwen helped his father and grandpa Fred McDevitt in routine services of their semi-trucks oil changes, drive line lubrication and changing tires. “I like to take things apart and see how they run,” said Iwen, who bought his first car, a 1977 Oldsmobile Cutlass Supreme, at age 15 at a swap meet in Spencer. He also worked at his Grandpa Virg’s business, N & A Manufacturing in Mallard, where he learned to weld. It’s a skill that comes in handy when he’s working on his latest project, a 1950 F3 Ford he found in Ringsted. “The truck didn’t have a box, so Grandpa and I built our own flatbed,” said Iwen, who has been exhibiting his vehicles at car shows and car rides since he was 17.

2. Mastering the art of bringing history to life.

Iwen took four years of shop and art classes at West Bend Mallard High School (WBMHS). “You need creative vision to restore cars,” said Iwen, a 2004 WBMHS graduate who studied auto body repair at Iowa Lakes Community College, where he earned his degree in 2006. Iwen is also fascinated by American history, especially World War I, World War II, and the 1930s through 1950s. This knowledge, combined with his auto body fabrication and repair skills, helps him to restore pieces of the past, like the 1969 Chevy short-bed truck he bought from a man in Mallard. “While the cab was pretty much gone, I found a cab in Algona,” said Iwen, who spent most of one summer restoring the truck. “I put the cab corners and rockers on it and put a big-block engine and four-speed transmission in it, too.”

Derek Iwen

Iwen next to his first car, a 1977 Oldsmobile Cutlass Supreme.

3. Forgetting all show and no go.

Iwen’s restored cars and trucks are meant to be driven— and hopefully turn a profit. When Iwen bought a 1968 four-door Ford Galaxie for $200, he fixed it up and drove it during his junior year of high school before selling the car for $1,700. He doesn’t sell everything, though, like the 1925 Model T C-Cab truck that his Grandpa Virg found in Plover. “It has a wooden body and looked like a piece of junk when we started, but Grandpa wants to make it a parade vehicle,” said Iwen, who made rear fenders for the truck.

4. Capturing the magic of an Oldsmobile.

While he has worked on all kinds of vehicles, it’s hard to beat a good Oldsmobile, said Iwen, who has been known to swap a V6 engine for a V8 engine in a 1981 Olds Cutlass. One of Iwen’s latest finds is a 1973 Oldsmobile Custom Cruiser station wagon with 94,000 original miles. He’s the second owner of this car, which a couple in Manson originally purchased in Fort Dodge. The interior is about as close to new as possible, said Iwen, who noted that there were only 5,000 of these station wagons made in 1973. “I have a soft spot in my heart for Oldsmobiles, because they last a long time, and I like their style.” This fall, Iwen took his 1977 Oldsmobile Cutlass Supreme on the Cruise to the Woods, which is one of largest cruise car shows in the Midwest, with more than 1,000 vehicles. “This is my favorite event,” said Iwen, who enjoys the drive through northwest Iowa.

5. Discovering that variety is the spice of life (and work).

Just as Iwen likes to work on lots of different cars, trucks, and motorcycles, he likes handling a variety of duties at MaxYield. After starting in the grain department at Mallard more than two years ago, he switched to agronomy and runs a tender truck in the spring and summer. He also prepares MaxYield’s equipment for the busy fall season, from checking anhydrous tanks and tool bars to ensuring that machinery oil changes are complete. In the fall, he drives a tender truck and applies anhydrous. During the winter, he oversees equipment maintenance. “I appreciate the variety in my job,” said Iwen, whose uncle, Val Auten, is MaxYield’s client care representative at Kerber Milling in Emmetsburg. “No two days are alike.” While he appreciates the slower pace of life in rural Iowa, he has no plans to slow down his car restoration hobby. “I like anything old and enjoy giving it a new life.”

Editor’s note: Iwen’s wife, Ashley, supports his “car habit.” If he’s not at work or tinkering with a car, you might see Iwen working out and running his regular route through Mallard.


Grain Settlements—Simplified

20131010_maxyield_393 compBob McConnell knew there had to be a better way. When he delivered grain to an elevator in his area, the settlement process was usually challenging, at best.

“The grain had to be settled at the corporate office 45 minutes away, and it was a fiasco,” said McConnell, who farms north of Armstrong.

McConnell has two landlords who live in the western United States, and they prefer that he look over the paperwork and checks before they see the information. “They are used to having me check things over first, because this avoids a lot of confusion,” said McConnell, who made repeated requests to have all paperwork sent directly to him.

Unfortunately, checks continued to be sent to the landlords first, with the paperwork sometimes bearing mixed-up combinations of Bob and the landlords’ names and mailing addresses. The situation was complicated by the fact that the company couldn’t process grain settlements at the local elevator. “I practically had to call the corporate office the day the grain settlement information would arrive there to try to keep things on track,” McConnell said.

When things didn’t stay on track, McConnell had to spend at least half a day in the office, trying to straighten everything out. “It created a lot of hassle,” he said.

The little things add up

McConnell discovered things didn’t have to be this hard when he started doing more business with MaxYield Cooperative several years ago.

“Having grain settlements at the point of delivery works slick at Kerber Milling and Lakota,” said McConnell, who was pleased when Val Auten, MaxYield’s client care representative at Kerber Milling in Emmetsburg, could cut him a check on the spot.

Getting the money faster isn’t the biggest benefit to McConnell, though. “The MaxYield team is great to work with. All the time and hassle they save me is a big plus.”

It’s the little things that mean a lot, he added. “I pick the places that are easiest to do business with, and that includes MaxYield.”

See for yourself

Each MaxYield location is empowered to make it easy for every client to do business with the company, said Harry Bormann, MaxYield’s grain team leader.

“Any MaxYield location can print grain contracts, settle grain contracts, and print checks. These are valuable solutions that you don’t find everywhere.”

MaxYield also makes sure grain transactions are done quickly and correctly. “Each of our locations can handle their clients’ grain needs right there, the same day. I encourage you to see for yourself how MaxYield’s solutions can make life easier for you,” Bormann added.

For more information about MaxYield’s grain solutions, contact your nearest MaxYield location.


Saga of the Seed: Answer More of Those “Why” Questions

Photo by Kristine Heykants

Photo by Kristine Heykants

Does this sound familiar? One farmer you talk to says a certain hybrid was the best one on his farm. Then the next guy starts talking about that same hybrid and says it’s the worst on his farm. What’s the deal?

“When you start digging into this, you start finding answers,” said Greg Sweeney, MaxYield’s seed team leader. “MaxYield’s team approach helps us figure out the ‘why.’”

Unraveling these mysteries requires a look at field conditions, data, and specific recommendations for the hybrids and varieties in question. This starts with a quick review of “Greg’s Five Commandments” for getting the biggest return on investment with crop production in the MaxYield trade territory, including:

1. Tile drainage

2. Lime

3. Nitrogen, phosphorus, and potassium, with an emphasis on potassium

4. Zinc and sulfur

5. Other micronutrients

“Maybe you can’t fix some of these factors, such as when you’re renting land and you can’t add more tile,” Sweeney said. “You can manage these five key areas, however, with seed selection. In fact, seed is one of the few areas where you have total control each year.”

How does a 50-bushel yield bump sound?

Proper seed selection can offer a dramatic payback. “I’ve seen 30- to 50-bushel yield differences, based off of hybrid selection and management,” Sweeney said. “That’s in fields that are right across the fence from each other, where they have the same soil types and weather conditions.”

How does this work? Consider some basic plant biology. Crops mature faster when they grow in soils with low fertility, which leads to a shorter grain-fill period. Some hybrids are adapted to lower-fertility soils, for example, and will offer better yield potential in these conditions.

In addition, the genetic potential of today’s hybrids and varieties continues to soar, thanks to technologies like marker-assisted breeding. The average corn yield potential from the new 2014 Croplan hybrids are 13.8 bushels per acre higher than last year’s new releases.

The research also shows that:

• Hybrids planted in the right soil type can produce a 12.8-bushel yield advantage.

• Hybrids planted at the correct population can offer a 7.1-bushel yield advantage.

• The right cropping system (with the best hybrids for cornon-corn acres or corn-soybean rotations) can equate to a 9.4-bushel yield advantage.

• The right plant nutrition can add a whopping 70.3-bushel yield advantage.

MaxYield has seen similar results with Winfield Solutions’ Answer Plot® system and MaxYield’s own internal research, Sweeney said. “Through our partnership with Dr. Rick Vanden Huevel of VH Consulting Inc., we conduct our own university-style research. This is unique in the ag retail world, and it offers another valuable source of information to help us tailor seed recommendations to our clients’ needs.”

Let’s talk

MaxYield starts working with clients in the early fall to outline a seed plan that is fine-tuned in November, December, and January. Then it’s time to develop a strategy to manage the upcoming crop.

“You select the seed first and manage everything off of that,” Sweeney said. “This helps you make better choices for crop nutrients, fungicides, insecticides, and other key inputs.”

MaxYield’s seed and agronomy specialists are ready to help you design a plan to boost your crops’ yield potential in 2014. To start the conversation, contact your nearest MaxYield location.

You Get More Control, with Dynamic Pricing Platform

You’d think now that harvest is done, you could enjoy some peace and quiet.

But in today’s global economy, someone is always talking to someone else on the other side of the world. Which means: the market never sleeps.

That’s why we introduced the Dynamic Pricing Platform, the online pricing tool created to give you access to your grain offers 24 hours a day.

The DPP lets you use your computer, tablet or smartphone to place cash grain offers and manage your account… anytime, anywhere. You have complete control, including on-the-spot adjustments of your grain offers… even the number of bushels you want to make available.

Sign up for the Dynamic Pricing Platform today by contacting your MaxYield Grain Solutions Team, or by clicking here.

Think DEF, Think MaxYield

20131009_maxyield_220 crop compWhile diesel exhaust fluid (DEF) is already being used in some of the newer farm equipment, it’s going to become a lot more common.

Starting in 2014, most tractors, semitrucks, pickup trucks and just about anything with a diesel engine will need DEF. All John Deere equipment with 85 horsepower engines and higher will require DEF, for example, said Mark Collins, a MaxYield energy solutions specialist.

“DEF is a necessity with the new Tier 4 engines. Count on MaxYield Cooperative to supply the DEF you need.”

Tier 4 is part of the U.S. Environmental Protection Agency’s (EPA) efforts to reduce emissions from non-road diesel engines. Because much of MaxYield’s rolling stock will require DEF, MaxYield will have DEF in stock and also offers the product to you at a competitive price.

There are no special grades of DEF, said Chad Besch, MaxYield Cooperative’s energy team leader. “DEF is like anhydrous or #2 diesel fuel in the fact that there are no premium products.”

You will not need to replenish DEF every time you refill with diesel fuel. The DEF consumption will be approximately 4% to 5% of your diesel fuel consumption, noted Bryan Traub, MaxYield’s service station team leader. “If you use 1,000 gallons of diesel, you’ll use about 50 gallons of DEF,” said Traub, who added that MaxYield offers 2.5-gallon jugs, 55-gallon drums, 275-gallon totes, and 330-gallon totes of DEF.

If you have any questions, Traub encourages you to contact him at 515-887-3531, or visit www.maxyieldenergy.com for more information on DEF. “We want to be your go-to source for DEF and other energy solutions.”

Answers to Your DEF Questions

Q: What is DEF?

A: DEF is a high-purity solution of urea in water (32.5%). It is used to chemically reduce emissions from vehicles powered by diesel engines. In engines that use selective catalytic reduction (SCR) technology to meet Tier 4 requirements, for example, the SCR system mixes nitrogen oxide emissions with DEF, so nitrogen and water are the final engine emissions released into the air.

Q: How should I use DEF?

A: DEF is contained in a separate tank and is sprayed into the exhaust gasses. Never fill your diesel fuel tank with DEF. Vehicles outfitted with SCR will have a DEF gauge on the dash panel, just like a fuel gauge.

Q: Is DEF harmful?

A: DEF is non-toxic and is not harmful to humans or pets. You do not need to wear protective clothing while filling DEF. In addition, DEF is not explosive, nor will it burn or aid combustion. For more information on DEF, contact Bryan Traub at MaxYield’s service station at 515-887-3531.


Closing the Books: Bob Burkhardt Reflects on a Successful Career at MaxYield

Bob and Judy Burkhardt

Bob and Judy Burkhardt

Bob and Judy Burkhardt were recognized at a coffee in their honor December 5th. Burkhardt is retiring after 14 years of service to MaxYield. We wish him and Judy all the best!

Ever heard the joke that old accountants never die—they just lose their balance? None of that applies to Bob Burkhardt, MaxYield Cooperative’s longtime chief financial officer who will retire at the end of this year.

It’s no joke when we say MaxYield will truly miss Bob and his many contributions to the cooperative during the past 14 years. “I’ve worked with many people in my career, and no one is more enjoyable and talented than Bob,” said Keith Heim, MaxYield’s CEO. “He has a great work ethic and has been a great asset for this company.”

For Bob, MaxYield marked the beginning of something great. “The most fun I’ve had in my career has been helping MaxYield transform and grow into the company it is today.”

Learning the cooperative system

Bob’s journey to MaxYield took many twists and turns through the years. After growing up on a farm near Guthrie Center, he earned his bachelor’s degree in accounting from Northwest Missouri State University in 1970.

Since this was the Vietnam War Era, the military draft dominated options for young men like Bob. “My draft lottery number was quite low, and I was in the first draft lottery.”

That didn’t bode well for Bob when he would interview with potential employers. Since employers didn’t want to hire someone who may likely be drafted, Bob headed to North Dakota to join a crew that built grain bins.

“I made it to Omaha before I decided I didn’t want to go to North Dakota,” said Bob, who applied for a job as a mail clerk with the Union Pacific Railroad instead.

After working there for a year and a half, Bob wanted something better, so he applied for a job with Farm-Mar-Co, the predecessor to Farmland’s grain division. He was hired and began his cooperative career in 1972, which took him to various positions with Farmland Industries and Union Equity Cooperative throughout the Midwest. He later worked for Koch Industries in Wichita, KS, where he served as the director of accounting for Koch Agriculture.

Guiding MaxYield’s growth

By 1999, Bob decided he wanted to get back into the cooperative system and return to Iowa. He connected with Joe Anniss, who had also worked in the Farmland system. Anniss was now the general manager of West Bend Elevator Company (WBEC).

“Joe and I just clicked,” said Bob, who became WBEC’s controller in August of 1999. “I also liked the fact that if my role contributed to the success of the cooperative, part of that money went back to the members.”

While WBEC had gone through some hard times in the 1990s, with the company’s retained savings plunging to nearly zero, things began to change for the better around 2003. During the pivotal years of 2003 to 2006, WBEC unified with Fostoria Cooperative Elevator Company and Farmers Cooperative of Britt. The cooperative also became MaxYield and was prepared to benefit from the ethanol boom that was gaining momentum.

“The high-profit years started falling into place after that,” said Bob, who also attributes MaxYield’s success to the ability to recognize opportunities, break with tradition when necessary, and move in new directions.

“Cooperatives by their nature are conservative, and that’s generally a good thing,” said Bob, who has spent 37 years of his career in the cooperative system. “Sometimes, though, you have to step out and take risks. If you don’t take calculated risks, you don’t get the rewards.”

Bob is looking forward to the rewards of retirement after his last official day with MaxYield on Dec. 31. Bob will definitely be missed, Heim said. “As much as I hate to see Bob go, he has worked hard for this. All of us at MaxYield thank Bob for all his contributions, and we hope he and his wife, Judy, fully enjoy their retirement.”

Editor’s note: Bob and Judy, a retired West Bend Mallard middle school teacher, are building a new home in Kansas City. They look forward to living 10 minutes from their daughters, Angela and Robin, and their families. While Bob has no firm plans about what he’ll do in retirement, he looks forward to spending time with his four grandsons and step-granddaughter. This former volunteer firefighter is also interested in volunteer activities. Both Bob and Judy are interested in getting more involved with the Red Cross.




Know More, Grow More: Riggerts Partner with SciMax to Produce Results

SciMax Solutoins

SciMax Solutions’ Eric Goodman visits with Mike Riggert and Brian Riggert.

Legendary track star Jackie Joyner-Kersee noted that “It’s better to look ahead and prepare than to look back and regret.” Mike and Brian Riggert share a similar philosophy about farming.

In a year like 2013, the need to prepare goes hand in hand with the need to be flexible. “It quit raining around the third week of June,” said Mike, who added that some of the brothers’ fields near Whittemore were hit by hail on Aug. 22. “Everyone around here was begging for rain this summer.”

The dry weather wasn’t all bad, though. The brothers continued to add tile drainage on their prevented-plant acres. Also, the extreme weather didn’t stop the brothers from experimenting with new products to boost their crops’ yield potential. They included a number of strip trials to test FORTIX™, a new fungicide that protects plants from yield-robbing disease all season long with a single early application.

“I appreciate how the guys are willing to try new things,” said Eric Goodman, a SciMax Solutions specialist who works closely with the Riggerts.

The right time to apply FORTIX is around the V5 stage, which meant late June this year, Goodman noted. “When we checked their fields, you could clearly see that the corn that had been sprayed with FORTIX was definitely healthier. The untreated corn had more disease.”

In addition, the Riggerts’ corn was treated with Ascend®, a growth regulator designed for corn and soybeans. Ascend improves plant health, which contributes to bigger roots and stronger stalks, Goodman said.

Insect pests weren’t a major problem this summer, with one exception. “We had big-time challenges with aphids,” Mike said. “You’ll have terrible beans if you don’t try to control aphids, so we figured that spraying saved us at least 10 bushels per acre.”

SciMax SolutionsSpring soil tests offer advantages

While the Riggerts worked with SciMax early on to map out their summer 2013 management decisions, these plans functioned more as guidelines than rules.

“Our plans changed a lot this year, sometimes every day or two,” Brian said. “Still, it’s best to have a plan in place and then be flexible. We talk to our SciMax specialists often to decide the best course of action.”

By early fall, the Riggerts were working with Goodman on their variable-rate fertilizer and variable-rate nitrogen plans. “This means the next steps can start to take place after the combines have rolled,” Goodman said.

Since the Riggerts have their soil samples pulled in the spring, SciMax can review the results through the summer and have a plan in place for fall. “Spring soil sampling also saves you $1 per acre, compared to fall soil sampling,” said Goodman, who added that the Riggerts and SciMax are experimenting with smaller grid sizes to see if this helps boost yield potential.

To give plants an even bigger boost, the Riggerts have been working with SciMax to compare strips where anhydrous had been applied with strips containing ESN® SMART NITROGEN®. This enhanced-efficiency fertilizer uses a flexible, micro-thin polymer coating to control the release of nitrogen into the soil. This allows the plant to increase its uptake of fertilizer while reducing the potential of nutrient losses to the environment.

As they monitor the results, the Riggerts appreciate the guidance they receive from the SciMax team. “We’re growers, not researchers,” Mike said. “It takes a lot of time to analyze these comparisons. It’s much easier to track the results with help from SciMax.”

Having real-world data to back up anecdotal evidence also gives the Riggerts greater confidence in their management decisions. The opportunity to learn from other SciMax growers is also an advantage. “The interaction, communication, and sharing between the SciMax group about what works and what doesn’t is helpful,” Goodman said. “Plus, a lot of friendships have developed along the way.”

Both Goodman and the Riggerts were looking forward to seeing the results of the 2013 crop this fall. “The weigh wagon doesn’t answer everything, though,” Brian said. “We’re always trying to learn more and are glad to work with SciMax.”

Editor’s note: Mike and Brian Riggert farm north of Whittemore near the Lotts Creek area and have participated in SciMax Solutions for six years. They each farm more than 1,000 acres, for a total of nearly 2,400 acres of corn and soybeans. They utilize grid sampling, yield monitoring, and variable-rate technology for planting and fertilizer applications, including nitrogen.

The next issue of My Solutions magazine will recap the Riggert brothers’ 2013 harvest results and preview their plans for 2014.



MaxYield Conducts 99th Annual Meeting

MaxYield Cooperative® held its 99th Annual Meeting Tuesday, December 3rd at the Knights of Columbus Hall in Algona, IA.

Board president Howard Haas of Algona called the meeting to order at 10:30 a.m.

During the meeting, MaxYield CFO Bob Burkhardt discussed the financial results of the cooperative. Highlights of the audited financial report for the fiscal year ending July 31, 2013 included local earnings of $4.20 million, which was the third best local earnings in company history, and total earnings reaching $9.15 million.

Board president Haas provided the membership an update on recent capital improvements. He stated that MaxYield has average $3.2 million in capital expenditures each of the last four years. Significant projects included upgrades to the grain drying conveyance systems and rail track at West Bend plus the cooperative’s $4.4 million investment in the new fertilizer storage and blending facility in Belmond.

Ron Rouse announced the results of the director election. Jim Wirtz of West Bend, Eric Marchand of Britt and Todd Meyer of Everly were reelected to serve three year terms. Amendments to the Articles of Incorporation were also passed.

The annual meeting was adjourned at 11:50 a.m. and was followed by a noon meal.

More information about MaxYield can be found at www.MaxYieldCoop.com or www.FromTheField.com.