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MaxYield Cooperative Announces Positive Fiscal 2019 Results

We are pleased to announce our fiscal results, for the year ending July 31, 2019. The board of directors for MaxYield reviewed and approved the financial audit at their board meeting, held August 22.

The recently completed fiscal year had reduced corn and soybean bushels in the fall of 2018, compared to recent years and reduced grain drying revenue. The reduced bushels and drying revenue were more than offset by strong margins in most all product areas and disciplined expense control across the cooperative.

MaxYield Cooperative’s Local Savings from Operations for the 2018-2019 fiscal year were $1,790,071 and pre-tax Total Savings for the cooperative totaled $7.4 million. 

Additional details of our fiscal year results and our strong balance sheet can be found at https://bit.ly/2L2k8jR.