October 22, 2020

Iowa Agriculture Brought to North Central Iowa Students with MaxYield Cooperative Contribution

GARNER, IA – MaxYield Cooperative recently presented a donation of $500 to North Central Iowa Ag in the Classroom (NCIAC), a non-profit organization serving north Iowa schools by offering

North Central Iowa Ag in the Classroom Program Director Brenda Mormann accepts a $500 donation from MaxYield Cooperative. The funds will be used in fulfilling the organization’s mission of educating students on Iowa agriculture.

staff and resources to teach students about Iowa agriculture. By way of contributions and donations, NCIAC is equipped to offer Ag Education Weeks, farm tours, lesson plans, and virtual farm visits to students in nine Iowa counties at no cost to schools.

“Agriculture literacy is an important layer in securing a bright future for Iowa agriculture, and it’s important that education begins at a young age,” stated Emily Campbell, talent recruitment and communications specialist at MaxYield Cooperative. “Brenda and the team with North Central Iowa Ag in the Classroom do a phenomenal job of developing and implementing lessons for local students to learn about and experience many types of agriculture in our state, and MaxYield is happy to support this curriculum.”

More information about NCIAC is available at http://www.nciagintheclassroom.org/.

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

Palo Alto County 4-H Membership Dues Reduced by Contribution from MaxYield Cooperative

Iowa State University Extension and Outreach, Palo Alto County staff members accept a donation from MaxYield Cooperative totaling $1400. From Left to Right: Jody Leuer, Office Assistant; Julie Naig, County Youth Coordinator; Beth Frankenstein, Region 2 Director; Roberta Hersom, Extension Council Treasurer. The funds will cover $10 of every Palo Alto County 4-H member’s annual dues.

EMMETSBURG, IA – MaxYield Cooperative recently contributed $1400 towards the membership dues for Palo Alto County 4-H members. The check was presented to Julie Naig, Palo Alto County Youth Coordinator, and other ISU Extension and Outreach staff on October 6th during National 4-H Week. The funds 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 Palo Alto County Fair and Iowa State Fair, it also provides them with opportunities to participate in conferences, workshops, and community service.

“MaxYield Cooperative recognizes the value that 4-H brings, not only to the youth that participate but also to our communities,” explained Emily Campbell, talent recruitment and communications specialist at MaxYield Cooperative. “Being a 4-H alumna myself, I know that the members of Palo Alto County 4-H will be the next generation of leaders that impacts the world. MaxYield is proud to assist the next generation of leaders in growing as 4-Hers by easing the financial obligation of the families of Palo Alto County’s 140 members.”

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

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

Fostoria Fire Department Receives Matching Funds Contribution from CHS, MaxYield

Fire chief Kim Kroger accepts contributions from MaxYield Cooperative and CHS that will complete their fundraising campaign to purchase new bunker gear for the Fostoria Fire Department.

MaxYield Cooperative presented the Fostoria Fire Department with a contribution of $2500, plus an additional $2500 in matching funds from the CHS Seeds for Stewardship program. Fire chief Kim Kroger accepted the contributions and the funds will be used to purchase new bunker gear for the fire department.

“After receiving grant money from other sources and with these contributions from CHS and MaxYield, we now have raised enough money that every volunteer with the fire department will now have new and updated gear,” Kroger said. “For a small fire department like ours, that is a big deal. We are really grateful for CHS and MaxYield’s support on this project.”

About CHS Seeds for Stewardship

The CHS Seeds for Stewardship is a competitive grant program that matches funds for projects that develop the next generation of ag leaders, improve ag safety and enhance rural vitality in local communities. CHS is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. More information about CHS is available at www.chsinc.com.

About MaxYield Cooperative
MaxYield Cooperative is a diversified 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 Cooperative Pays Portion of Dickinson County 4-H Membership Dues

Madeleine Bretey, county youth coordinator, recently accepted a contribution from MaxYield Cooperative that will decrease the cost of 4-H for members in Dickinson County.

MaxYield Cooperative recently contributed $1290 towards the membership dues for Dickinson County 4-H members. The check was presented to Madeleine Bretey, county youth coordinator, on September 1. The funds will pay $10 of the $35 state dues for 4-H members in the county. This membership provides members with opportunities to participate in conferences, workshops, community service and many other worthwhile projects.

“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.

Scale Improvements to Speed Delivery to MaxYield’s Britt Location

 

Clients and members delivering grain to our Britt location this fall will not only notice the new 750,000-bushel storage bin, they’ll also enjoy an easier time weighing in and out.

Britt location leader, Sara Anderson noted that a new scale ticket printer and intercom system are a nice addition to the improvements there. “Clients will be able to communicate directly with us in the office and the scale ticket will print automatically. You won’t have to leave the truck during deliveries. We’ve also added a signal at the end of the scale so you easily know which pit to go to.”

The goal, she said, is to make it easier for grain deliveries at Britt. “It’s easy to see the big improvements, like the new bin. However, just as important is making the client experience here better. We’re excited about everything that’s happening here.”

The MaxYield team has also been hard at work adjusting and calibrating the new Programmable Logic Controller (PLC) grain handling system, which will increase productivity, efficiency and safety at the location.

Klemme Grain Project Pushes Forward

The skyline at our Klemme facility is changing rapidly. The main grain leg tower has been constructed with conveyance added to existing grain storage. Work on the receiving pits and grain load out area is moving forward.

The bin-jacking process has begun in earnest on the 750K-bushel storage bin too. Once the bin is completed, crews will work on electrical wiring and other infrastructure for the bin.

This $4.5 million project will dramatically improve grain storage and handling at our Klemme location and is expected to be operational this fall.

MaxYield Cooperative Announces Positive Fiscal 2020 Results

WEST BEND, IA, – MaxYield Cooperative® recently announced its fiscal results, for the year ending July 31, 2020. The board of directors for MaxYield reviewed and approved the financial audit at their board meeting on August 27.

MaxYield CEO Keith Heim stated that the cooperative had positive local and total savings to report. “Each year presents challenges and opportunities and Fiscal 2020 was no different. I am especially proud of how our team performed and showed grit and resiliency during this COVID-19 pandemic. MaxYield is a solution’s provider and I appreciate the solutions our team brings to our members and clients every day.”

MaxYield Cooperative’s Local Savings from Operations for the 2019-2020 fiscal year were $1,512,243 and pre-tax Total Savings for the cooperative totaled $8.6 million.

“In Fiscal 2020, we achieved the second best total revenue in company history”, Heim said. “Most all revenue areas showed consistency with the past year and remain on upward trend lines. Some areas of note include the second best drying revenue year, solid total energy and feed margins, strong total seed margins and exceptional soybean margins.”

The MaxYield board approved using a portion of this year’s available Section 199A tax deduction internally to mitigate the cooperative’s tax obligation. Heim added that the unused Section 199A tax deduction amount of approximately $1.4 million will be passed through to members for possible use on their individual tax returns.

Heim said that the cooperative maintains a solid balance sheet. “Term debt was reduced by approximately $4.0 million. We maintained adequate working capital levels while spending approximately $13 million on capital expenditures during the fiscal year.”

Member’s equity increased by about $2.65 million in 2020, noted Heim. “MaxYield once again increased retained savings, which now totals nearly $67 million as compared to 1997, when retained savings were ($122,242). The retained savings comparison is a good perspective of the financial improvement at MaxYield over the past 23 years.”

The cooperative’s annual meeting is December 9, 2020 at 10:00 a.m. at the Ketelsen Community Center, located in Everly, IA. More details regarding the annual meeting will be sent to member’s closer to the event.

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.

Kossuth County C.A.R.E. Team Receives $2500 Contribution from CoBank, via MaxYield Cooperative

Kossuth County C.A.R.E. Team Executive Director Linda Vaudt is presented with a $2500 check on behalf of CoBank’s “Sharing Success” program, facilitated by MaxYield Cooperative. The C.A.R.E. Team provides essential goods and services to those in need throughout the community.

ALGONA, IA – MaxYield Cooperative made a contribution of $2500 on behalf of CoBank to the Kossuth County C.A.R.E. Team. The check, presented to C.A.R.E. Team Executive Director Linda Vaudt on August 20th, will assist the team with covering operational and programming expenses at the C.A.R.E. Team’s location in Algona.

“MaxYield Cooperative is proud facilitate CoBank’s assistance to the Kossuth County C.A.R.E Team,” said Emily Campbell, Talent Recruitment and Communications Specialist at MaxYield. “The C.A.R.E. Team serves the Kossuth County community in a variety of ways. We are lucky to have such an organization in our area and are happy to assist them in their efforts.”

The funds were provided through CoBank’s “Sharing Success” program, which provides contributions through cooperatives to local nonprofit organizations. CoBank provides loans, leases, and financial services to agribusinesses and rural power, water and communications providers in all 50 states.

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

MaxYield Director Election Update

This letter was sent to all Class A (voting) members of MaxYield Cooperative in early July. If you have an interest in seeking election to our board of directors, be sure to contact members of the nominating committee or Chad Meyer. Their contact information is listed below. Thank you!

Dear MaxYield Cooperative Members,

The governance process is one of the most important components of your cooperative’s success. The purpose of this letter is to inform our members of the approaching board of director elections and provide who you should contact if you are interested in seeking election to the board in each of the three regions.

In the east region (east of Hwy 169 south of Algona & east of County Road P66 north of Wesley), Jim Black will seek reelection.

In the central region (between Highway 4 & Hwy 169 south of Algona & County Road P66 north of Wesley), David Garrelts is seeking reelection.

In the west region (west of Highway 4), Barry Anderson is seeking re-election.

A nominating committee has been appointed to assist members who wish to seek election to the MaxYield board of directors. Rich Harves from Dickens, Jim Kibbie from Emmetsburg and Dave Eisenman from Britt will be serving as the nominating committee.

If you are interested in seeking election to the MaxYield board, please contact a member of the nominating committee listed below, or Chad Meyer, client relations/communications leader.

  • Rich Harves, Dickens, IA: 712-260-9874
  • Jim Kibbie, Emmetsburg, IA: 712-260-2025
  • Dave Eisenman, Britt, IA: 641-203-9152
  • Chad Meyer; client relations/communications leader, 515-200-5115, cmeyer@maxyieldcoop.com.

We welcome new candidates to run for the board and encourage you to consider this opportunity. To be considered, candidates must:

  • Be a Class “A” member.
  • No criminal record (felonies)
  • A good credit history with MaxYield
  • History of a reasonable amount of business with MaxYield

The deadline to declare your intention to run for the board is August 15, 2020.

Sincerely,

Howard Haas          

Board Chairman

MaxYield Facilitates Contribution to Emmet County UDMO

Jessica Gosh, outreach specialist at Upper Des Moines Outreach in Emmet County, accepted a $1500 contribution from CoBank’s Sharing Success grant program. Chad Meyer, client relations/communications leader at MaxYield Cooperative assisted with the presentation.

ESTHERVILLE – MaxYield Cooperative recently presented the Upper Des Moines Outreach (UDMO) in Emmet County, located in Estherville, with a contribution of $1500 from CoBank. The funds will be used to assist families in need in the county.

Chad Meyer, client relations/communications leader at MaxYield, presented the checks to UDMO.

“MaxYield Cooperative is proud facilitate CoBank’s assistance to the Upper Des Moines Outreach. They are committed to helping families that need assistance in Emmet County, particularly those that may be in a crisis situation,” said Meyer. “This organization is committed to lending a hand to those that need help and we are happy to aid in their mission.”

The funds were provided through CoBank’s “Sharing Success” program, which provides contributions through cooperatives to local nonprofit organizations. CoBank provides loans, leases, and financial services to agribusinesses and rural power, water and communications providers in all 50 states.

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