December 3, 2020

MaxYield Conducts 99th Annual Meeting

MaxYield Cooperative® held its 99th Annual Meeting Tuesday, December 3rd at the Knights of Columbus Hall in Algona, IA.

Board president Howard Haas of Algona called the meeting to order at 10:30 a.m.

During the meeting, MaxYield CFO Bob Burkhardt discussed the financial results of the cooperative. Highlights of the audited financial report for the fiscal year ending July 31, 2013 included local earnings of $4.20 million, which was the third best local earnings in company history, and total earnings reaching $9.15 million.

Board president Haas provided the membership an update on recent capital improvements. He stated that MaxYield has average $3.2 million in capital expenditures each of the last four years. Significant projects included upgrades to the grain drying conveyance systems and rail track at West Bend plus the cooperative’s $4.4 million investment in the new fertilizer storage and blending facility in Belmond.

Ron Rouse announced the results of the director election. Jim Wirtz of West Bend, Eric Marchand of Britt and Todd Meyer of Everly were reelected to serve three year terms. Amendments to the Articles of Incorporation were also passed.

The annual meeting was adjourned at 11:50 a.m. and was followed by a noon meal.

More information about MaxYield can be found at www.MaxYieldCoop.com or www.FromTheField.com.

 

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