MaxYield Holds Annual Meeting
MaxYield Cooperative held its 101st Annual Meeting Thursday, December 17th at the Community Center in Britt, IA.
Board chairman Howard Haas of Algona called the meeting to order at 10:00 a.m.
During the meeting, MaxYield CFO Susan Post discussed the financial results of the cooperative. Highlights of the audited financial report for the fiscal year ending July 31, 2015 included local earnings of $925,273 and total earnings reaching $4.2 million.
Haas provided the membership an update on recent capital improvements across the cooperative, including grain storage projects in Mallard and Fostoria and new LP Gas storage south of Britt.
CEO Keith Heim discussed with members MaxYield’s retirement of preferred stock, the cooperative’s improved financial condition and its emphasis to improve facilities and equipment.
Board secretary Eric Marchand of Britt announced the results of the director election. Barry Anderson of Gillette Grove, Ron Rouse from Curlew and Howard Haas of Algona were reelected to serve three year terms.
More information about MaxYield can be found at www.MaxYieldCoop.com or