February 25, 2020

Archives for December 2019

Val Auten to Retire from MaxYield Cooperative

Keith Heim (right), MaxYield CEO, joins Val Auten, who was honored with a retirement coffee on December 19 in Emmetsburg. Auten, who has worked at MaxYield for 13 years, will retire at the end of the year.

EMMETSBURG, IA – Val Auten, client care leader at MaxYield Cooperative’s grain receiving office at the Standard Nutrition feed mill in Emmetsburg, was recognized with a retirement coffee on December 19 honoring his 13 years of service to the local cooperative. His last day with MaxYield will be December 31, 2019.

Auten began his career at MaxYield in October of 2006, working at the cooperative’s Ayrshire location that fall. He worked at MaxYield’s locations in Mallard and Emmetsburg before operating the grain receiving office in Emmetsburg for MaxYield since 2013.

During retirement, Auten jokingly says he looks forward to “Doing whatever the heck I want to.” He’s also an avid woodworker and looks forward to tackling more projects.

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 25 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for three Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com and www.FromTheField.com.

Hancock Co. Ag Museum Expansion Project Receives Contribution from MaxYield

Sara Anderson, MaxYield Cooperative’s location leader at Britt, presents Hancock County Ag Museum & Pioneer Village president Darrell Schaper with a contribution to be used in the museum’s upcoming expansion project.

Britt, IA – Darrell Schaper, Hancock County Ag Museum & Pioneer Village president, recently accepted a contribution totaling $1500 from MaxYield Cooperative.

The non-profit museum is located on the Hancock County Fairgrounds in Britt, IA and is undergoing a capital campaign to construct a third and final addition to their museum building.

“MaxYield has partnered with the Hancock County Ag Museum during their recent fundraising campaigns,” said Chad Meyer, MaxYield client relations & communications leader. “We are happy to lend support so that the museum can finish the final leg of their expansion plans. They do a tremendous job is preserving and showcasing Hancock County’s rich agricultural history.”

The Hancock County Ag Museum and Pioneer Village is open to the public during the county fair, Britt Hobo Day, the Britt Draft Horse Show and other times by appointment.

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 25 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for three Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com and www.FromTheField.com.

 

Retirement Coffee Held for Deb Lauck

Diane Streit (right), MaxYield human resources director joins Deb Lauck, who was honored with a retirement coffee on December 18. Lauck, who has been a receptionist and accounts payable assistant for 33 years, will retire from MaxYield at the end of the year.

WEST BEND – Deb Lauck, receptionist and accounts payable assistant at MaxYield Cooperative’s corporate office in West Bend, was recognized with a retirement coffee on December 18 honoring her 33 years of service to the local cooperative. Her last day with MaxYield will be December 31, 2019.

Lauck began her career at MaxYield in July of 1986, in the accounts payable department and answering phones, duties she maintained throughout her career. The last several years Lauck has also served as receptionist at the cooperative’s corporate office.

During retirement, she is looking forward to spending more time with her grandchildren and visiting relatives. Lauck and her husband Larry are also excited to start a few renovations in their home.

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 25 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for three Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com and www.FromTheField.com

Plan now to Attend our Grain Outlook Meetings!

MaxYield is dedicated to offering the latest in technology and solutions, all with your farming family in mind.

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

January 9, 2020
9 am – 11 am
Britt Community Center
170 Main Ave S

January 10, 2020
9 am – 11 am
The Shores
14 N Lawler St, Emmetsburg

January 10, 2020
2 pm – 4 pm
Clay Co. Regional Events Ctr.,
800 W 18th St, Spencer

Contact your nearest MaxYield location or grain solutions team member today for more details!!

Directors Approve Grain Facility Upgrades in Klemme

MaxYield’s board of directors recently approved the construction of a new grain storage bin, grain dryer and grain handling infrastructure in Klemme. The $4.5 million project will be completed prior to harvest 2020.

The MaxYield Cooperative board of directors approved at their December board meeting numerous grain facility upgrades at their location in Klemme, IA. The project, which is expected to be completed and ready to use by the 2020 harvest, will begin when spring weather allows.

MaxYield CEO Keith Heim stated that the construction project will be a $4.5 million investment into Klemme. “The project will include a 105-foot diameter grain storage bin with approximate capacity of 750,000 bushels. It will also include a 4,000-bushel-per-hour grain dryer, wet corn holding capacity, overhead truck load-out capability and all the infrastructure needed to complete the project.”

Bid-letting for the project will be finalized in the next couple weeks.

“Our Klemme facility incurred storm damage in September that greatly affected our ability to serve our members and clients in that area,” Heim said. “We made what modifications we could so we could get through harvest, but we know that it is not feasible to operate this location beyond 2019 without significant upgrades to the facility.”

“We are pleased that the board of directors approved this project. Our strong balance sheet allows us to move forward with several significant projects in 2020. This is an excellent upgrade for our Klemme area clients and we are excited to get started on the project this spring,” Heim added.

This projects is in the early stages of development at this time. More details will be shared as they become available by the cooperative.

About MaxYield Cooperative

MaxYield Cooperative is a local, diversified 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.MaxYieldCoop.com and www.FromTheField.com

Annual Meeting Held for MaxYield Cooperative

In addition to detailing MaxYield’s positive local and total returns in 2019, CEO Keith Heim reviewed the cooperative’s commitment to further investments, including this grain storage expansion project in Britt, IA at their annual meeting held December 12.

WEST BEND, IA – MaxYield Cooperative® held its 105th annual meeting Monday, December 12 at the Kossuth County Ag & Motorsports Museum in Algona, IA.

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, 2019 reported local earnings of $1,790,071 with total pre-tax earnings totaling $7.4 million. Both earnings levels were greater than the prior fiscal year.

In his remarks to the membership, MaxYield CEO Keith Heim stated he was pleased with the cooperative’s fiscal results. “I’m also pleased to report that each department at MaxYield contributed positively to these earnings,” he said.

Heim noted that the cooperative continues to have a very strong balance sheet. “Term debt has decreased by over $4.8 million, member’s equity increased by more than $3.6 million and we added over $2.5 million to working capital in 2019. MaxYield also increased retained savings, which now totals nearly $59 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.”

Both Heim and board chairman Haas emphasized that MaxYield continues to invest in the company. “In January 2019 we purchased property near Britt that included three warehouse buildings totaling 17,000 square feet of space, real estate and seed treating and bulk seed storage tanks. Among other capital expenditures, we’ve also committed to building additional grain storage space in Britt and Belmond in 2020,” Heim noted.

Heim went on to say that MaxYield expanded its footprint in 2019. “On August 1st MaxYield and Standard Nutrition Services entered into a joint venture where we will be handling the grain purchasing, grain accounting and risk management at their newly acquired feed mill east of Waverly, IA. Since 1995, MaxYield has provided grain procurement and risk management services to feed mills and end-users, including Kerber Milling in Emmetsburg which is now owned by Standard Nutrition.”

Nominating committee member Rich Harves of Dickens announced the results of the director election. Eric Marchand of Britt was reelected and Greg Guenther from Algona and Don Salton of Dickens were elected to serve three year terms on the board of directors.

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

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 25 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for three Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com or www.FromtheField.com.

 

Holiday Open House – Algona Dec. 19

 

We invite you to join us for our Holiday Open House at our Algona location office. Join us for food, refreshments and holiday cheer!

Date: December 19, 2019

Time: 9 a.m. – 3 p.m.

Location: MaxYield office located at 419 S. Phillips, Algona, IA

See you there!!

MaxYield Contributes Funds towards Clay County 4-H Membership Dues

(l to r) Isabel Dehrkoop, county youth coordinator, Sarah Dirks, in-school and adult program coordinator and Jo Engel, youth human sciences program coordinator accept MaxYield’s contribution that will decrease the cost of 4-H for members in Clay County.

MaxYield Cooperative recently made a contribution of $1990 towards the membership dues for all Clay County 4-H members. The check, presented on December 4, will pay $10 of the $35 state dues for 4-H members in the county. This membership not only allows students to showcase and compete with their projects at the Clay County Fair and Iowa State Fair, it also provides them with opportunities to participate in conferences, workshops, and community service.

“We are thrilled to continue our support of local 4-H,” said Chad Meyer, MaxYield client relations/communications leader. “We want to make 4-H an affordable youth program for local families, especially families that have multiple children enrolled. Also, by paying a portion of each 4-H member’s enrollment fee, we are able to continue our mission of supporting 4-H so that each member benefits.”

The cooperative contributes nearly $13,000 to 4-H in seven Iowa counties annually.

“We believe that 4-H is one of the cornerstones in developing youth and it provides an excellent foundation to build strong families. 4-H also provides a great way for young people to learn more about agriculture,” Meyer said.

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 25 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for three Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com and www.FromTheField.com.

Retirement Coffee set for Deb Lauck – Dec. 18

Please join us in celebrating Deb Lauck’s retirement from MaxYield Cooperative!

For many years, Deb has served MaxYield as receptionist and accounts payable assistant in our corporate office in West Bend. We are grateful for her dedication to MaxYield and wish her all the best in retirement!

Deb’s retirement coffee will be held…

Date: Wednesday, December 18, 2019
Time: 2:00 – 4:00 p.m.
Place: MaxYield Cooperative’s Corporate office (313 3rd Ave NE, West Bend, IA)

We look forward to seeing you there!

Retirement Coffee for Val Auten – Dec. 19

Please join us in celebrating Val Auten’s retirement from MaxYield Cooperative!

For the last several year’s, Val has served MaxYield grain clients at the Standard Nutrition feed mill located in Emmetsburg, IA. We are grateful for his dedication to MaxYield and wish him all the best in retirement!

Val’s retirement coffee will be held…

Date: Thursday, December 19, 2019
Time: 1:00 – 3:00 p.m.
Place: MaxYield Cooperative’s Emmetsburg location office (4498 Works Road)

We look forward to seeing you there!