April 20, 2019

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.

MaxYield Cooperative Announces Fiscal 2017 Results

WEST BEND, IA, August 25, 2017 – MaxYield Cooperative® recently announced its fiscal results, for the year ending July 31, 2017.

“The current economic environment in the ag industry began in early 2014 and has impacted the cooperative, our members and the industry as a whole. This is the fourth consecutive year of lower net farm income and its impact is widespread. Revenues at MaxYield were down this year due to decreased margins, and reduced farmer spending,” stated MaxYield CEO Keith Heim.

MaxYield Cooperative’s Local Savings from Operations for the 2016-2017 fiscal year were ($1,258,390), and pre-tax Total Savings for the cooperative totaled nearly $3.1 million.

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, 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.

The cooperative’s annual meeting is December 13, 2017 at 10:00 a.m. at the Clay County Regional Events Center, located in Spencer, 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

 

 

 

 

You are invited to join us Wednesday, August 23rd from 11:00am-1:00pm for MaxYield’s Feed Open House in Garner.

What: MaxYield Feed Open House & Appreciation Meal
When: Wednesday, August 23, 2017
Time: 11:00 – 1:00 p.m.
Where: MaxYield, Garner feed mill
Who: All current and potential feed clients
Why: Show appreciation and exhibit products and solutions we offer

Hamburgers, pork burgers, beans, chips, cookies, beverages will be served

Contact your nearest MaxYield location or Eric Malek (515-341-1230) for more details.

We hope to see you there!

Feed Your Livestock’s Potential

MaxYield Cooperative’s feed team was proud to serve many 2016 Iowa State Fair winners, including:
• Matt Barickman (crossbred breeding gilt)
• Andrew Baumgard (Berkshire breeding gilt, FFA; crossbred market barrow FFA)
• Emma Frohling (ranch horse pleasure)
• Erik Goll (crossbred breeding gilt)
• Grace Greiman (purebred Simmental breeding, foundation purebred Simmental breeding, showmanship)
• Shelby Greiman (purebred Angus breeding, showmanship)
• Dalton Konz (4-H overall purebred market barrow champion Yorkshire)
• Nathan Nedved (grand champion beef of merit, class winner beef of merit, 2nd in class market steer)

The making of a champion starts long before a show animal enters the ring. It begins at home and is influenced daily by the basics, including high-quality feed.

“We prefer to get our feed from MaxYield,” said Brian Konz, a livestock producer near Garner and whose oldest son, Dalton, shows hogs at the county fair and state fair. “They understand what we’re trying to accomplish.”

At the 2016 Iowa State Fair, 11-year-old Dalton won 4-H overall purebred market barrow champion honors with his purebred Yorkshire. This champion barrow, along with the Konz’ other livestock, were fed high-quality rations produced at MaxYield Cooperative’s feed mill in Garner.

“I really enjoy working with the feed mill team because they are very accommodating,” said Konz, who has purchased swine feed from MaxYield for nearly seven years. “They provide good quality and get us what we need, when we need it.”

Feed business continues to grow

A commitment to quality, integrity and professionalism drive MaxYield’s feed team. “We provide small-town service with big-name products,” said Eric Malek, feed mill superintendent.

The feed division offers:

  • Convenient service. While Malek and his team offer grind-mix and bulk-feed delivery within the counties around the Garner area, bagged feed can be delivered to any MaxYield location.
  • Feed options. Along with bulk feed and bagged feed, MaxYield offers protein supplements for cattle, hog pre-mixes, show feeds and more. MaxYield also has access to organic feed products.
  • High-quality brands. MaxYield carries trusted brands like ADM, Sunglo® Feeds, Kent® Feeds, Spencer Ag and VitaFerm®.
  • Show products. Find a wide selection of show supplies from top names like Sullivan Supply and Bobby Listen.

It’s exciting to see the number of 4-H and FFA kids showing livestock at county fairs and the state fair, Malek said. “Raising and showing livestock is a family affair. We’re pleased that more families are choosing to do business with us.”

MaxYield provides the solutions they need every step of the way, he added. “We hold our standards high and work together with our clients to make good things happen.”

For more information about MaxYield’s feed solutions, call the Garner location at 641-923-3602.