August 17, 2019

Archives for December 2018

Emmet County 4-H Membership Dues Decreased with Help from MaxYield

Morgan Matthews, Emmet County Youth Coordinator, accepts a contribution from MaxYield that will decrease the cost of 4-H membership in Emmet County. 

MaxYield Cooperative recently presented Emmet County Extension and Outreach with a contribution aimed at decreasing the cost of enrollment in 4-H youth programs.

“4-H has long been a key resource for youth development in our local communities, and clubs continue to offer high-quality educational programs. Making 4-H membership accessible to more families is important to MaxYield Cooperative. That’s why we contribute more than $13,000 to 4-H in seven northern Iowa counties annually,” said Chad Meyer, client relations/communications leader at MaxYield.

“We’re continuing our support of local 4-H and commitment to our youth,” said Meyer.  “Recently, we presented a contribution for $10 per 4-H member in Emmet County to decrease the cost of 4-H membership.”

MaxYield has two goals as it helps support 4-H. “First, we want to make 4-H an affordable youth program for local families, especially families that have multiple children enrolled,” Meyer said. “Second, by paying a portion of each 4-H member’s enrollment fee, we are able to continue our mission in supporting 4-H so that each member benefits.”

About MaxYield Cooperative

MaxYield Cooperative is a member-owned, diversified agricultural cooperative founded in 1915 and is headquartered in West Bend, IA. The cooperative has 24 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for two Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com and www.FromTheField.com

Grain Outlook Meetings Scheduled

The MaxYield Grain Team is dedicated to offering the latest in technology and solutions, all with the future of farming families in mind.

Join us for our Grain Marketing Outlook meetings, featuring Bruce Nelson, risk management expert at INTL FCStone.

January 16, 2019
9:00 -11:00 a.m.
The Shores
14 N. Lawler St.
Emmetsburg, IA

January 16, 2019
2:00 – 4:00 p.m.
Clay County Regional Events Center
800 W. 18th St.
Spencer, IA

January 17, 2019
9:00 – 11:00 a.m.
Britt Community Center
170 Main Ave S
Britt, IA

Contact your nearest MaxYield location or Grain Solutions Team Member today for more details. See you there!

Harry Bormann Retires from MaxYield Cooperative

Harry Bormann, grain team leader based at MaxYield Cooperative’s West Bend corporate office, was recognized on December 19,2018 with a retirement coffee, honoring his 22 years of leadership at the local cooperative. His last day at MaxYield will be December 28. Ben Buie, who was announced as MaxYield’s next grain team leader in August, will replace Bormann.   

Bormann began his career at the Cylinder Co-op in 1974, promoted to general manager there at the age of 28 in 1982. After spending 22 years at Cylinder, he became MaxYield’s grain team leader in 1996.

During retirement, Bormann looks forward to spending more time with his family and grandchildren, in addition to hunting, fishing, and golfing.  

About MaxYield Cooperative MaxYield Cooperative is a local farmer-owned cooperative serving members and clients in Iowa, and southern Minnesota. Founded in 1915, MaxYield Cooperative is headquartered in West Bend, Iowa. More information about the cooperative can be found online at www.MaxYieldCooperative.com and www.FromTheField.com

MaxYield Supports NC Iowa Ag in the Classroom

MaxYield Cooperative recently presented a $500 check to North Central Iowa Ag in the Classroom (NCI AITC), which is based in Garner, IA. NCI AITC educates more than 13,000 children in eight north central Iowa counties about the importance of agriculture.

Brock Beadle, a member of MaxYield’s grain solutions team, presented the contribution to Brenda Mormann, NCI AITC program coordinator.

MaxYield also presented a $500 contribution to the Palo Alto County Farm Bureau to support North Central Iowa Ag in the Classroom educational opportunities in that county.

About MaxYield Cooperative

MaxYield Cooperative is a member-owned, diversified agricultural cooperative founded in 1915 and is headquartered in West Bend, IA. The cooperative has 24 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for two Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com and www.FromTheField.com.

 

MaxYield Co-op Holds Annual Meeting

MaxYield Cooperative® held its 104th annual meeting Monday, December 10 at the Britt Community Center.

Board chairman Howard Haas called the meeting to order at 10:00 a.m.

During the meeting, MaxYield CFO Susan Post discussed the financial results of the cooperative. The audited financial report for the fiscal year ending July 31, 2018 reported local earnings of 1,681,812 with total pre-tax earnings totaling over $4.9 million.

In his remarks to the membership, MaxYield CEO Keith Heim stated he was pleased with the cooperative’s fiscal results. “Our year started out with a strong 2017 fall season. A good crop was harvested, we had a good grain drying and propane season and a very respectable fall fertilizer season. This good fall was followed by a more challenging spring and summer in 2018. In spite of those challenges, we have a respectable and positive fiscal year to report to stockholders.”

Heim noted that the cooperative continues to have a very strong balance sheet. “MaxYield’s balance sheet has never been stronger. Term debt has decreased by over $4.5 million, member’s equity increased by $5.8 million and we added $3.0 million to working capital in 2018. MaxYield also increased retained savings, which now totals over $51 million. In 1997, retained savings were ($122,242), so you can see we continue to make significant progress in strengthening the financial position of MaxYield. We have been and will continue to focus on enhancing revenue and decreasing expenses in this tight economic environment,” he added.

MaxYield has focused on a balanced financial approach, Heim added. “MaxYield has invested approximately $56 million in facilities and equipment the last seven fiscal years.”

Nominating committee member Allen Kramer of Algona announced the results of the director election. Howard Haas of Algona, Ron Rouse from Curlew and Barry Anderson of Greenville were reelected to serve three year terms.

Following the annual meeting, Howard Haas was elected by the board to continue serving as chairman. David Garrelts was elected vice chairman and Eric Marchand will continue to serve as secretary/treasurer.

About MaxYield Cooperative

MaxYield Cooperative is a member-owned, diversified agricultural cooperative founded in 1915 and is headquartered in West Bend, IA. The cooperative has 24 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for two Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com or www.FromtheField.com.

Harry Bormann Retirement Coffee

Please join us for a retirement coffee honoring Harry Bormann, MaxYield’s grain team leader. After 44 years in the cooperative industry and the last 22 years at MaxYield, Harry is retiring at the end of December.

Please join us December 19th, from 2:00 – 4:00 p.m.

The event will be held at MaxYield’s Tire and Auto Service Center, located at 310 4th Ave NE in West Bend (located two blocks east of Casey’s). Refreshments will be served.

See you there!

Hancock County 4-H Membership Dues Decreased with Help from MaxYield

Victoria Schmidt, county youth coordinator, accepts a contribution from Chad Meyer, client relations/communications leader at MaxYield that will decrease the cost of 4-H membership in Hancock County.

MaxYield Cooperative recently presented Hancock County Extension and Outreach with a contribution aimed at decreasing the cost of enrollment in 4-H youth programs.

“4-H has long been a key resource for youth development in our local communities, and clubs continue to offer high-quality educational programs. Making 4-H membership accessible to more families is important to MaxYield Cooperative. That’s why we contribute more than $13,000 to 4-H in seven northern Iowa counties annually,” said Chad Meyer, client relations/communications leader at MaxYield.

“We’re continuing our support of local 4-H and commitment to our youth,” said Meyer.  “Recently, we presented a contribution for $10 per 4-H member in Clay County to decrease the cost of 4-H membership.”

MaxYield has two goals as it helps support 4-H. “First, we want to make 4-H an affordable youth program for local families, especially families that have multiple children enrolled,” Meyer said. “Second, by paying a portion of each 4-H member’s enrollment fee, we are able to continue our mission in supporting 4-H so that each member benefits.”

About MaxYield Cooperative

MaxYield Cooperative is a member-owned, diversified agricultural cooperative founded in 1915 and is headquartered in West Bend, IA. The cooperative has 24 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for two Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com and www.FromTheField.com.