November 24, 2020

Fiscal Year Results Announced

 West Bend, Iowa – MaxYield Cooperative® recently announced their fiscal results, for the year ending July 31, 2012.

“We are grateful for the support of our members and clients, as we just finished a solid year. MaxYield posted another strong year financially with local savings reaching a level preceded only twice in our history,” said MaxYield Cooperative CEO Keith Heim.

Local savings of MaxYield Cooperative for the 2011-2012 fiscal year exceeded business plan with Local Savings from Operations reaching $4,110,000. Patronage from other cooperatives totaled over $4.2 million. This combination of earnings resulted in a level of pre-tax Total Savings for MaxYield over $8.3 million.

Over $4.8 million will be returned to members in the form of patronage allocations and Section 199 Domestic Production Activities Deductions.

Heim went on to say that sourcing over 114 million bushels of grain during the fiscal year was a milestone for the company. Increased sales in corn, dry and anhydrous ammonia fertilizers, crop protection products and diesel fuel contributed to the strong fiscal results.

The cooperative’s annual meeting is slated for November 28, 2012.

MaxYield Cooperative is local member owned cooperative with 19 locations and is headquartered in West Bend, Iowa. More information regarding the cooperative is available online at www.MaxYieldCooperative.com.

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