July 6, 2020

Belmond Grain Bin Foundation Taking Shape

Continued favorable weather conditions has moved the 750,000-bushel grain storage bin project further along at our Belmond location.

In this photo taken last Friday, April 17, construction crews are building the forms necessary to complete the concrete base for the bin.

One of three simultaneous large-scale construction projects at MaxYield this spring, this project will speed up grain receiving in Belmond along with consolidating our grain operations to be more efficient for our members and clients.

Britt Bin Project Progress Continues

The construction progress on our Britt grain bin expansion project continues to move forward.

By the end of last week (photos taken April 17), the pouring of the concrete base was complete and the concrete forms have been removed.

The concrete construction crew has largely moved out, making way for the bin construction crew and materials to start arriving soon.

When completed, the bin will add 750,000 bushels of grain storage to the Britt site.

The project will greatly improve our efficiency at a key time for our clients and members.

Belmond Grain Bin Project Underway

With the weather turning favorable in March, site preparation and dirt work has begun in earnest at our Belmond grain facility.

As announced late last fall, MaxYield’s board of directors approved grain storage expansion projects in Britt, Belmond and Klemme.

The Belmond bin will be 105’ in diameter and provide an additional 725,000 bushels of grain storage.

In addition to providing additional storage, the project will improve efficiency in our grain handling operations in Belmond, benefiting our members, clients and cooperative.

 

 

Britt Grain Bin Project Continues

 

Favorable March weather has allowed construction crews to continue progress on the grain storage expansion project at our Britt location.

Last fall site preparation and dirt work was completed, which has allowed crews to form up the base of the project for concrete.

When completed, the bin will be 105’ in diameter and provide an additional much-needed 725,000 bushels of grain storage.

 

 

 

 

Grain Market Outlook Meeting – Waverly, IA

Grain Market Outlook Meeting – Waverly, IA

Date: Thursday, February 27, 2020

Time: Noon Lunch, presentation to follow

Location: East Bremer Diner, 117 E. Bremer Ave, Waverly, IA

Nate Durako from Advance Trading will present information on grain markets

 

Contact MaxYield’s Waverly office at 515-200-5149 for more details. See you there!

Standard Nutrition, MaxYield Tap the Power of Partnerships

No one can whistle a symphony; it takes members of an orchestra working together to create this feat. Working in harmony with other professionals is also the key to success in agriculture today. That’s why MaxYield Cooperative has formed a joint venture with Standard Nutrition at the company’s feed mill in Waverly, Iowa.

“We’re excited that MaxYield Cooperative and Standard Nutrition have entered into this grain purchasing and risk management joint venture,” said Ben Buie, grain team leader for MaxYield Cooperative.

Since August 1, MaxYield Cooperative has been handling the grain purchasing, grain accounting and risk management at Standard Nutrition’s feed mill, the former Schneider Milling location east of Waverly. After this family-owned business sold its assets to the agronomy company Nutrien in 2018, Nutrien sold the grain and feed facilities to Standard Nutrition in January 2019.

“While Standard Nutrition is great at making feed, they wanted help with grain origination at Waverly,” Buie said. “MaxYield not only has a state grain license, but the grain origination and accounting expertise Standard Nutrition was seeking.”

Creating a win-win

Since 1995, MaxYield has provided grain procurement and risk management services to various feed mills and grain end-users in the Midwest, including Kerber Milling/Standard Nutrition in Emmetsburg and the Hawkeye Pride poultry feed mill near Corwith.

“These things aren’t get-rich-quick schemes, but they do add solid revenue to the cooperative,” said Howard Haas, chairman of the board of directors at MaxYield. “We keep looking for opportunities to help MaxYield succeed.”

Expanding MaxYield’s reach east of Interstate 35 to Waverly was natural extension for the cooperative. “Before coming to MaxYield, I spent seven years of my career over there, so I understand agriculture in that region and know some of the farmers in the area,” said Buie, who noted that pork production thrives in this part of Iowa.

Standard Nutrition’s feed mill near Waverly is a functional location that contains 2 million bushels of grain storage. The facility includes a grain dryer, which is a plus, since ethanol plants don’t take wet corn, Buie noted. Cash grain bids for the Waverly feed mill are posted at www.maxyieldgrain.com/cash-bids.

“We’re rebuilding trust and growing relationships with farmers in this area,” Buie said. “We have a lot to offer, including cash grain marketing options, firm offer programs, off-farm trucking solutions, innovative grain contracts and risk management strategies that farmers probably aren’t getting from an ethanol plant. We want to be a marketing partner that provides solutions to benefit your farming operation.”

Bob Smith, MaxYield grain superintendent at Waverly.

MaxYield’s former Britt location leader, Bob Smith, now serves as the grain superintendent at the feed mill near Waverly, which is his home area. “We’re hitting the ground running at Waverly, thanks to team members like Bob,” said Keith Heim, CEO of MaxYield. “When you look at the success of MaxYield’s long-standing relationships with other feed mills and grain end-users, I’m confident Waverly will be a win-win, too.”

To learn more about marketing grain at the Standard Nutrition feed mill, contact MaxYield’s Waverly office at 515-200-5149.

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.

 

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!