October 1, 2020

Harvest Update and Health Precautions – September 2020

Dear MaxYield Cooperative Clients,

As we’ve seen throughout the spring and summer, agriculture remains an essential business. While many sectors and industries have shut down or reduced production during this time, farming and the business activities associated with agriculture have maintained operations and will continue to do so.

Though harvest 2020 is beginning, COVID-19 is still present in our communities. We must continue to make choices that help protect our team members, neighborhoods and you, our clients. All counties in the MaxYield trade area are experiencing a steady or increased number of positive cases. In response we are continuing with adjustments to our office procedures:

  • Team members, clients, and others should refrain from entering location offices, other than to conduct essential business (paperwork, grain samples, etc.). Meetings will be held via web conference or phone when possible.
  • If entering a location for essential business or meeting elsewhere, please maintain six feet of distance between yourself and others. This includes any on-farm visits by MaxYield team members.
  • We encourage the use of masks by team members and clients, especially when social distancing is not possible.

Though we are conducting business a little differently, we’re still working hard to provide solutions to you and your farming operation. Our grain, agronomy, feed, energy, and on-farm trucking teams are ready to work with you this fall.

We encourage clients who prefer to contact our team via phone, email or text to do so when possible and appropriate this season. You can find contact information for all MaxYield locations on our website. Connection Central is another great tool for you to view grain contracts, sales tickets, statements and more online and in real time.

I thank you for your flexibility and perseverance through the past several months. I wish you a safe and healthy harvest, and we all look forward to the day when we can put the coffee on, pop the popcorn, and welcome you into our locations with open arms once again.

 

Cooperatively,

Keith Heim
CEO

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 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.

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.

 

Manure Additive Meeting

What: Learn about new manure additive products available at MaxYield. Healthy Farms can help get the good bugs working in your manure and see dollar benefits in your fertilizer bill.

When: Tuesday, September 24, 2019

Where: Pizza Ranch – Garner, IA

Time: 11:30 a.m.
Free buffet meal, you eat while we talk

Everyone is welcome, contact Eric Malek to RSVP at 515-341-1230

MaxYield Cooperative Announces Positive Fiscal 2019 Results

WEST BEND, IA, – MaxYield Cooperative® recently announced its fiscal results, for the year ending July 31, 2019. The board of directors for MaxYield reviewed and approved the financial audit at their board meeting, held August 22.

MaxYield CEO Keith Heim stated that the cooperative had positive local and total savings to report. “The recently completed fiscal year had reduced corn and soybean bushels in the fall of 2018, compared to recent years and reduced grain drying revenue. That said, the reduced bushels and drying revenue were more than offset by strong margins in most all product areas and disciplined expense control across the cooperative.”

In addition to recent upgrades in Algona and Greenville, MaxYield recently announced the board of director’s approval to build new grain storage in Belmond and Britt in 2020, with each of the bins totaling 725,000 bushels. Heim went on to say that MaxYield’s board of directors continues to place strong emphasis on upgrading and improving facilities, equipment and rolling stock.

MaxYield Cooperative’s Local Savings from Operations for the 2018-2019 fiscal year were $1,790,071 and pre-tax Total Savings for the cooperative totaled $7.4 million.

Heim said that the cooperative’s balance sheet remains very strong. “We continue to build our already solid balance sheet. Term debt was reduced by over $4.8 million, member’s equity increased and we added $2.5 million to working capital in 2019, which is up by over $5.5 million over the past two fiscal years. MaxYield also increased retained savings, which now totals nearly $59 million. In 1997, retained savings at MaxYield were ($122,242), so you can see we continue to make significant progress in strengthening the financial position of MaxYield. Retained savings is a good benchmark putting into perspective the financial improvements here over the past 22 years,” he added.

The cooperative’s annual meeting is December 12, 2019 at 10:00 a.m. at the Kossuth County Ag & Motorsports Museum, located in Algona, IA.

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.

 

 

 

Open House – MaxYield Feed

You are invited to join us on Thursday, August 29th from 11:00 a.m. – 1:00 p.m. for MaxYield Feed’s open house in Garner!

  • What: MaxYield Feed Open House & Appreciation Meal
  • When: Thursday, August 29th,2019
  • Time: 11:00-1:00
  • Where: MaxYield Office, Garner, IA
  • Who: All current and potential feed clients
  • Why: To Show Appreciation & To Exhibit products on hand

Bacon cheese burgers, beans, chips, pop, and cookies will be served.

For any questions please contact the Garner MaxYield Office @ 641-923-2695 or Eric Malek @ 515-341-1230

MaxYield Cooperative Announces Fiscal 2018 Results

WEST BEND, IA, – MaxYield Cooperative® recently announced its fiscal results, for the year ending July 31, 2018. The board of directors for MaxYield reviewed and approved the financial audit at their board meeting, held August 23.

“The recently completed year-end showed solid earnings and financial results in a continued challenging agricultural environment,” stated MaxYield CEO Keith Heim. “We had a strong fall 2017 season and even with a very difficult spring, in which some crop inputs and nutrients were simply not applied, seed, crop nutrient and crop protection margins in total were higher than the previous fiscal year.”

Heim added that other noteworthy accomplishments included strong grain drying revenues, increased propane gallons, solid energy margins, plus increased transportation, SciMax Solutions and feed revenues. “Our emphasis on expense control, plus improved grain margins in 2018 also helped us achieve strong fiscal results,” he added.

MaxYield Cooperative’s Local Savings from Operations for the 2017-2018 fiscal year were $1,593,687, and pre-tax Total Savings for the cooperative totaled nearly $4.9 million.

Heim noted that the cooperative continues to build its balance sheet. “This is arguably the strongest balance sheet in our cooperative’s history. Term debt was reduced by $4.4 million, member’s equity increased and we added $3.0 million to working capital in 2018. MaxYield also increased retained savings, which now totals nearly $52 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.

The cooperative’s annual meeting is December 10, 2018 at 10:00 a.m. at the Britt Community Center, located in Britt, IA.

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 Feed Open House – Aug 22

You are invited to join us Wednesday, August 22 from 11 a.m. – 1:00 p.m. for MaxYield’s feed open house at our Garner office.

What: MaxYield Feed open house & appreciation meal

When: Wednesday, August 22, 2018

Time: 11-1

Where: MaxYield location, Garner

Who: All current and future feed clients

Hamburgers, pork burgers, beans, chips, cookies and beverage served!

For more information, contact our Garner office at 641-923-2695 or Eric Malek at 515-341-1230. See you there!

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.