January 26, 2021

MaxYield Cooperative Announces Keith Heim to Retire as CEO

WEST BEND, IA – MaxYield Cooperative’s board of directors announced today that Keith Heim, who has led the cooperative as CEO since 2007, plans to retire on July 1, 2021. The board also announced they have retained the services of Hedlin Ag Services located in Ankeny, IA to lead the search for MaxYield’s next CEO. The targeted date for MaxYield’s new CEO to begin at the West Bend, IA-based member-owned agricultural cooperative is July 1, 2021.

Under Heim’s leadership, the cooperative has enjoyed financial strength and stability in addition to significant upgrades in rolling stock and facilities. Heim also led MaxYield through the acquisition of seven northwest Iowa country elevator and ag retail locations from The Andersons, Inc. in 2016.

Prior to joining MaxYield, Heim was the General Manager/Executive Vice President of Farm Service Cooperative, based in Harlan, Iowa, a position he began in 1988.

“We are grateful for all that Keith has done for MaxYield,” said Howard Haas, Algona area farmer and MaxYield’s board chairman. “During his 13 years here, MaxYield’s sales have nearly doubled and the financial strength of the cooperative has never been better. Our balance sheet is very strong and retained savings, which were ($122,242) in 1997, now total nearly $67 million.”

Haas went on to say that’s Heim’s contribution to MaxYield goes beyond just strong financials. “The board has certainly enjoyed working with Keith and we wish him and his wife Deb all the best in retirement. We have appreciated his focus on providing solutions for our members and clients, while significantly upgrading the assets at MaxYield. His commitment to our team members and their safety is something that we are also very grateful for.”

Haas also stated that he expects a seamless transition to the next CEO as Heim has agreed to remain available to MaxYield for a transition period beyond July 1, 2021.

“Earlier this year I expressed interest in retirement to the board of directors and I appreciate their support and the CEO succession plan they developed,” said Heim. “I look forward to continuing as CEO and working with our clients, members and MaxYield team members into next summer. It has been my pleasure to lead MaxYield for the past 13 years and I look forward to working with MaxYield’s next CEO as we begin the transition in July.”

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.

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