August 10, 2020

MaxYield Holds 98th Annual Meeting

Bob Burkhardt

Bob Burkhardt, MaxYield CFO gives the results of the cooperative’s financial report, its third best fiscal year in history.

MaxYield Cooperative® held its 98th Annual Meeting Wednesday, November 28th 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, 2011 included local earnings of $4.1 million, which was the third best local earnings in company history, and total earnings reaching $8.3 million.

Board president Haas provided the membership an update on recent capital improvements. He stated that MaxYield has averaged $3.2 million in capital expenditures each of the last five years. Significant projects included renovating Belmond’s east soybean elevator and construction of a new fertilizer blending and storage facility there.

Retiring director Steve King of Spencer was recognized for his six years of service to the cooperative.

Steph Essick, nominating committee chairperson, announced the results of the director election. Howard Haas of Algona, and Ron Rouse from Curlew were reelected, and Barry Anderson of Gillette Grove was elected to the board. All will serve three years terms.

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

MaxYield Cooperative thanks our clients and members for their support during another successful year.

More information about MaxYield Cooperative can be found online at www.MaxYieldCooperative.com and www.FromTheField.com.

MaxYield Cooperative is a local, farmer owned cooperative with locations in 18 communities in Iowa and one in Riga, Michigan. They are headquartered in West Bend, IA.

 

 

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