December 16, 2017

103rd Annual Meeting Held

MaxYield Cooperative® held its 103rd annual meeting Wednesday, December 13th at the Clay County Regional Events Center in Spencer, 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, 2017 reported local earnings of ($1,258,390) with total pre-tax earnings totaling over $3 million.

In his remarks to the membership, MaxYield CEO Keith Heim commented on the tight ag economic environment and its effect on the cooperative’s financials.  “Local earnings were lower this year due to decreased margins and reduced farmer spending. Corn margins were limited in 2017 due to minimal board carries and basis that remained flat throughout the fiscal year. Our interest expense came in higher than expected, also.”

Heim noted that even though the fiscal year was challenging, the cooperative continues to have a very strong balance sheet. “It seems counter-intuitive to say, coming off a difficult earnings year, however, the balance sheet at MaxYield has never been stronger. Term debt has decreased by over $3.1 million, member’s equity increased and we added $2.4 million to working capital in 2017. MaxYield also increased retained savings, which now totals over $45.0 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 $41.6 million in facilities and equipment since 2008 including $3 million in fiscal 2017. In that same time period, we have paid out over $12 million in cash to members through a combination of cash patronage on current year’s earnings and retirement of previously issued preferred stock.”

Board member Barry Anderson of Greenville announced the results of the director election. James Black of Algona, David Garrelts from Emmetsburg and Don Hejlik of Britt 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.

 

 

Cost of 4-H Membership Decreased in Clay County

Amy Forrette, (right) county associate director youth programming and Jo Engel, county youth program coordinator for human sciences accept a contribution from MaxYield that will decrease the cost of 4-H enrollment in Clay County.

MaxYield Cooperative announced recently that they are continuing their commitment to Clay County 4-H members and clubs by decreasing the cost of enrollment in the youth program.

“We are continuing our support of local 4-H clubs and our commitment to 4-H,” said Chad Meyer, MaxYield client relations/communications director. “Recently, we presented a contribution for $10.00 per 4-H member in Clay County to decrease the cost of 4-H membership.”

Meyer said the cooperative has two goals in providing the program. “First, we want to make 4-H an affordable youth program for local families. Secondly, 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.”

The cooperative contributed nearly $2600 to Clay County Extension.

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

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.

 

Meet your director candidates: Greg Guenther

At MaxYield’s annual meeting, slated for December 13, 2017 at the Clay County Regional Events Center in Spencer, IA, ballots will be counted to determine our director elections. Meeting time is at 10:00 a.m. Here is your chance to meet the candidate pursuing either election or reelection to the co-op’s board of directors.

Greg Guenther is seeking election to the MaxYield Cooperative Board of Directors for the Central Region (between IA Hwy’s 17 & 4).

Greg Guenther is a graduate of Corwith/Wesley/LuVerne High School and a 1992 graduate of Iowa State University, where he earned his Bachelors of Science in Agribusiness Management. He received his Master’s Degree in Agriculture through their Distance Education program in 2008.

Greg and his wife Janelle live in Algona and have raised corn and soybeans west of Corwith, near the St. Benedict area, since 2012. They have three daughters, the oldest is a sophomore at the University of Northern Iowa and the two youngest attend Algona Community Schools.

He has worked for 25 years in the seed industry.  First, in production and research project management at Pioneer’s offices in Johnston, IA.  Greg has also worked in sales project management and warehousing/logistics for eight years at Monsanto in Williamsburg, IA.  For the last six years, he has served as Western Sales Manager for Illinois Foundation Seeds, Inc., selling licensed germplasm to seed companies in the US.

Greg says he is excited to seek election to the board of directors at MaxYield, noting that he looks forward to serving the co-op and appreciates the opportunity to participate. He is grateful to be in a position to volunteer his time and take on additional leadership opportunities.

If elected, Greg feels he can provide new ideas to the cooperative, leveraging his years of experience in the seed industry in the areas of sales, people management, and budgeting. Greg sees MaxYield as more than just the local cooperative, suggesting that he would like the cooperative be an example of how a business should be run.

He is eager to learn more about the cooperative and provide leadership. Greg says that he is fiscally conservative and wants to see the fiscal strength of MaxYield continue. He also wants MaxYield to be positioned so that if opportunities in either locations, market opportunities or product lines arise, the co-op can evaluate and possibly move forward.

Greg enjoys spending time with his family and serving his community. He is a member of the Algona United Methodist Church, where he has served on the finance committee. Presently, he sits on the SPRC Council at the church and has assisted with several service projects. He is also a former 4-H leader.

 

Meet your director candidates: James Black

At MaxYield’s annual meeting, slated for December 13, 2017 at the Clay County Regional Events Center in Spencer, IA, ballots will be counted to determine our director elections. Meeting time is at 10:00 a.m. Here is your chance to meet the candidate pursuing either election or reelection to the co-op’s board of directors.

James Black is an incumbent seeking reelection to the MaxYield Cooperative Board of Directors for the Central Region (between IA Hwy’s 17 & 4).

Since 1981, Jim has farmed near Algona. He and his wife Sheila have six children that are grown. He is a graduate of Algona High School and is a 1981 graduate from Iowa State University with a degree in Agricultural Business.

In addition to growing corn and soybeans on the family farm, Black is a Sales Representative for PMC Advantage Insurance Services in Algona. He was a Kossuth County Supervisor from 1990-1997 and served in the Iowa Senate in 1997. Black is a member of the Grace Church in Algona and has been involved in various community organizations. He is a member of the Iowa Farm Bureau.

He is seeking reelection to the MaxYield Cooperative board of Directors because he feels that it is important to volunteer his time and serving on the MaxYield board is a way to give back to agriculture and the community. Black feels that MaxYield has proven to be a professional and highly respected organization and he looks forward to the opportunity to help lead the company.

There are four key areas in which MaxYield will need to continue to concentrate on, according to Black. One is growth of the cooperative and determining how and what form that might be will be important. He feels that just maintaining the status quo long-term will not be prudent.

A second area of importance is to continue updating the cooperative’s facilities to fit client/member needs and handle increased volumes. Another area of concentration will be studying what product and services we invest, expand or contract in. A fourth area of emphasis should be building relationships with surrounding cooperatives and other businesses.

He feels that the agriculture industry is changing rapidly due to advancing technology and that with changes come opportunity for both the cooperative and its members. He finds opportunities ahead both interesting and invigorating. If elected to the board, he looks forward to the challenge of providing solutions for the cooperative and its members. Black thinks that MaxYield is a great organization with strong leadership from its board and management team. He says it would be an honor to continue serve MaxYield as a director.

Black enjoys spending time with his family, woodworking, and traveling.

 

Meet your director candidates: David Garrelts

At MaxYield’s annual meeting, slated for December 13, 2017 at the Clay County Regional Events Center in Spencer, IA, ballots will be counted to determine our director elections. Meeting time is at 10:00 a.m. Here is your chance to meet the candidate pursuing either election or reelection to the co-op’s board of directors.

Dave Garrelts is an incumbent seeking reelection to the MaxYield Cooperative board of Directors in the Central Region (between IA Hwy 4 and IA Hwy 17).

Dave and his wife Joanne live in Emmetsburg and farm in partnership with their son Matt, who is a fourth generation farmer southeast of Ayrshire. They have four grown children, three daughters and one son, plus three grandchildren. He has farmed in the Ayrshire area for the past 48 years. Though he is less involved with the day-to-day activities of the farm, he is still active with their row crop corn and soybean operation and he and his son also feed cattle and own a feeder-to-finish swine operation. Garrelts is a graduate of Ayrshire Consolidated High School and served for six years in the Army Reserves.

He is currently on the Board of Directors for the Palo Alto County Farmers Mutual Insurance Company and has been a member of the Ayrshire American Legion for the past 45 years. He has served two terms on the Emmetsburg School Board and has served as an Elder in the St. Paul’s Lutheran Church in Emmetsburg. Garrelts currently is on the MaxYield Cooperative Board of Directors and has served twice on the MaxYield nominating committee.

He is seeking reelection to the MaxYield Cooperative Board of Directors because he has always been a supporter of the local cooperative and is a member of the cooperative through the merger of Ayrshire with MaxYield. Having been a MaxYield Board of Director, he believes he has an understanding of the cooperative’s business and finance structure and can continue to provide experience to the board.  He is also seeking reelection because he enjoys seeing MaxYield benefit from the decisions the board makes and watching the cooperative continue to grow and prosper.

Garrelts feels that MaxYield has worked hard identifying changes that need to be made to supply the inputs and crop storage that clients need, in the locations they are needed.  Garrelts says the cooperative will need to explore changes in what they offer to clients in order to keep the company fresh and evolving. He also feels future emphasis will continue to be the financial health of the cooperative, which he has seen improve from when he first joined the Board of Directors. Garrelts wants to see MaxYield continue to meet the needs of clients. He feels improvements can be made through identifying significant changes that will be coming as the agricultural industry continues to progress.

Garrelts feels it’s important to do business with an organization that knows your operation. He says that MaxYield should continue to focus on building personal relationships and continue to serve the local communities. Garrelts appreciates the chance to serve on the MaxYield board and feels it has been a pleasure to be a part of the improvements and growth of MaxYield Cooperative. If elected, he will focus on fully integrating and making work smoothly into the MaxYield family the recent acquisition of locations in the west area.

 

Meet your director candidates: Don Hejlik

At MaxYield’s annual meeting, slated for December 13, 2017 at the Clay County Regional Events Center in Spencer, IA, ballots will be counted to determine our director elections. Meeting time is at 10:00 a.m. Here is your chance to meet the candidate pursuing either election or reelection to the co-op’s board of directors.

Don Hejlik is seeking election to the MaxYield Cooperative Board of Directors for the East Region (East of IA Hwy 17).

A 1986 graduate of Britt High School, Hejlik has farmed in the Britt area for 24 years. The family farm produces corn, soybeans, plus feedlot cattle and a contract swine finishing operation. The farm also has a custom baling and silage chopping business and repairs Sukup grain dryers. His wife Sarah is a BSN in the West Hancock system. They stay busy with activities for their four children and two grandchildren.

Hejlik earned his Bachelor of Science degree in Management Information Systems in 1990, before working as a computer software programmer in the insurance industry for three years.

He is a member of the St. Wenceslaus Catholic Church in Duncan and serves as president of the church board. Hejlik also serves his community as treasurer for the Duncan Community Hall board of directors.

Hejlik is seeking reelection to the MaxYield Cooperative board of directors because he understands that decisions today impact the future and he wants to offer his expertise and opinions.

He believes the company is solid financially and the direction of the company is very good. If reelected, Hejlik would like to see continued investments in infrastructure and measured growth where feasible.

He appreciates that MaxYield is not afraid to try new things and feels that the pace of change and investment in technology will be accelerated. Hejlik says that agriculture is a capital intensive business and that will be one of the challenges moving forward for both producers and the cooperative.

Hejlik counts his hobbies as spending time with family, scouting, camping, and canoeing. He also enjoys a good card game.

 

MaxYield’s annual meeting set for December 13th

Recently, all MaxYield Cooperative “Class A” (voting) members were mailed the annual meeting invite letter and voting packet. The letter, shown below, provides the details of our annual meeting. All board of director election ballots can be returned in the provided postage-paid return envelope. For questions regarding the annual meeting, please contact Chad Meyer at 515-200-5115 or cmeyer@maxyieldcoop.com.

November 22, 2017

Dear MaxYield Cooperative Member:

The stockholders of MaxYield Cooperative are cordially invited to attend the company’s annual meeting. The time and location of the meeting will be as follows:

Date:   December 13, 2017

            Place: Clay County Regional Events Center

                        800 West 18th Street
Spencer, IA

                        (located on Clay County Fairgrounds)

            Time: 9:30 a.m.        Refreshments

                        10:00 a.m.       Meeting Begins

                        10:45 a.m.       Adjourn

 The stockholders are requested to:

  • Fill certain positions on the cooperative’s Board of Directors

Enclosed is the official Ballot for purpose of the above.

With respect to the positions on the Board of Directors, please mark one candidate for the open position in the East Area and mark no more than two candidates for the open positions in the Central Area.

Your ballot can be returned in the enclosed postage paid envelope.

We ask that these be mailed before December 7, 2017.

Cooperatively yours;

 

Keith Heim, CEO                                            Howard Haas, Board Chairman
 

 

Palo Alto County 4-H Membership Cost Decreased

Chad Meyer, MaxYield client relations/communications director, presents Palo Alto County Extension county youth coordinator Julie Naig with a contribution from MaxYield that will decrease the cost of 4-H enrollment.

MaxYield Cooperative announced recently that they are continuing their commitment to Palo Alto County 4-H members and clubs by decreasing the cost of enrollment in the youth program.

“We are continuing our support of local 4-H clubs and our commitment to 4-H,” said Chad Meyer, MaxYield client relations/communications director. “Recently, we presented a contribution for $10.00 per 4-H member in Palo Alto County to decrease the cost of 4-H membership.”

Meyer said the cooperative has two goals in providing the program. “First, we want to make 4-H an affordable youth program for local families. Secondly, 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.”

The cooperative contributed nearly $1200 to Palo Alto County Extension.

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

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.

 

4-H Membership Cost Decreased in Hancock County

Max Kalkwarf, MaxYield client care leader, presents Hancock County 4-H council president Jade Pringnitz with a contribution from MaxYield that will decrease the cost of 4-H enrollment in Hancock County.

MaxYield Cooperative announced recently that they are continuing their commitment to Hancock County 4-H members and clubs by decreasing the cost of enrollment in the youth program.

“We are continuing our support of local 4-H clubs and our commitment to 4-H,” said Chad Meyer, MaxYield client relations/communications director. “Recently, we presented a contribution for $10.00 per 4-H member in Hancock County to decrease the cost of 4-H membership.”

Meyer said the cooperative has two goals in providing the program. “First, we want to make 4-H an affordable youth program for local families. Secondly, 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.”

The cooperative contributed nearly $1800 to Hancock County Extension.

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

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.

 

SMALL-TOWN SERVICE WITH BIG-NAME FEED: MAXYIELD FEED OFFERS OPTIONS, EXPERTISE

Bob Nelson isn’t new to the cattle business, but this doesn’t mean he isn’t interested in learning new ways to become a better producer. While he’s got nearly 60 cows, his goal is to expand the herd to 150 cows so he can bring his two grandsons into the operation.

“First, I wanted to get our mineral program on track,” said Nelson, who farms southeast of Belmond. “I’d heard about MaxYield Feed and decided to give them a call.”

He made an appointment with Eric Malek with MaxYield Feed in Garner. Malek scheduled a time to bring along a representative from ADM Animal Nutrition and tour Nelson’s pasture. “They pointed out what we were doing right and showed us where we can improve,” Nelson said.

Malek and the consultant recommended Rough- N-Ready™ creep feed, which provides calves with minerals, vitamins, energy and protein in a highlypalatable pellet. It has been a good fit, said Nelson, who has done business with MaxYield Feed for two years. “I’ve been very impressed with MaxYield. Their service is excellent, and I’m very satisfied.”

Customized Solutions Meet Your Feed Needs

On-farm calls and personalized service set MaxYield feed apart from the competition. “Building

relationships with our clients is what we do here,” Malek said. “If you need help with rations, we can check the feed sources you’re using, send in silage samples for a nutritional analysis and help you customize the right feed program for your needs.”

MaxYield also offers:

  • Bulk and bagged feed. MaxYield operates a traditional feed mill in Garner and supplies feed for independent livestock producers, including swine and beef. “If you like knowing your feed truck driver, we encourage you to do business with MaxYield Feed,” Malek said.
  • Top brands. MaxYield offers proven products from ADM Animal Nutrition, Kent Feeds and VitaFerm® with Amaferm®, a natural feed additive that boosts digestibility to maximize the feed’s energy value. “MaxYield offers small-town service with big-name feed that offers the highest levels of livestock nutrition and feed safety,” Malek said.
  • Convenient service. MaxYield carries bulk feed and bagged feed for most livestock species. The bagged feed can be delivered to your nearest MaxYield location via our route truck.
  • An experienced, knowledgeable team. Since 1999, Malek has been part of the MaxYield Feed team, which also includes Remington Jorgensen and Travis Christians, who work in the feed mill and deliver feed.
  • Special orders. MaxYield Feed handles many special orders and bags these custom feed mixtures.

“Our feed business is growing, and we’re picking up new clients,” Malek said. “Give us a call if you want to do business locally with a company you can trust.”

Contact your nearest MaxYield location for more information about MaxYield Feed. We appreciate your business.