MaxYield & NEW Cooperative Merger Will Benefit Members
The MaxYield board of directors recommends a "YES" vote in favor of the merger.
Rarely does an opportunity come along that’s a potential “win-win” for everyone. Which is why MaxYield and NEW Cooperative, Inc. explored the benefits of joining together, to provide increased value to both memberships and position our organizations for long-term success. Now is the right time to consider this proactive and strategic decision that will bring tangible benefits to our members.
Curious what your equity amount is as you evaluate the merger proposal?
By logging on to our online portal, available on this website, or by using our MYC NOW app, you can calculate exactly how much MaxYield equity you hold.
With a positive merger vote, all MaxYield equities of years 1999- 2007 and 25% of 2008 & 2009 (approx. $3.774M) will be immediately paid out to our members.
The remaining 75% of years 2008 & 2009, along with the years of 2011- 2015 (no patronage issued in 2010 and 2016- 2020) will be placed in two NEW Cooperative equity pools (one local equity pool with 67% and one regional equity pool with 33% of these remaining MYC equity years). Each of the local and regional pools will then be spread across the years of 2014-2020 (regional) and 2015- 2020 (local). The 2014 regional amount (approx. $609,000) will be retired in September, 2021 and the 2015 local amount (approx. $1,430,000) will be retired in December, 2021.
Combined ($3,774,000 + $609,000 + $1,430,000) $5,800,000 of MaxYield equity will be retired within less than 5 months of the effective August 1 merger date.
Informational Videos Posted
If you were unable to attend one of the informational meetings across MaxYield’s trade area for our members, we've posted a playlist of informational videos above for you to learn more about the potential merger and discover what it means for your farm and your cooperative. For specifics on the information covered in the meetings please reach out to a board member, or talk with a member of MaxYield's senior leadership team by calling our corporate office at 515-200-5115.
We strongly encourage our members to get their questions answered and most importantly to vote. Ballots were mailed June 4th and must be returned no later than the close of business on July 1, 2021. We appreciate your support!
Merger Voting Timeline
JUNE 4 - Ballots mailed to MaxYield's Class A voting members
JULY 1 - All ballots must be received by MaxYield
We must receive your ballot by the close of business on July 1, 2021. You may return by mail or to any MaxYield locations. We encourage you to return your ballots right away to account for mail service delays.
JULY 2 - 1:00 PM - Ballots tabulated at special meeting
Ballots will be tabulated at MaxYield’s Tire & Auto Service Center, 310 4th Ave NE, West Bend, IA. A committee comprised of two board members, two MaxYield voting members and two representatives from an independent auditing firm will tabulate the ballots.
Merger Proposal Newsletter
Save the Date Newsletter Insert
Merger Video Updates
Board of Directors
HOWARD HAAS, ALGONA
DAVID GARRELTS, EMMETSBURG
ERIC MARCHAND, BRITT
BARRY ANDERSON, GREENVILLE
JAMES BLACK, ALGONA
GREG GUENTHER, ALGONA
DON HEJLIK, BRITT
RON ROUSE, CURLEW
DON SALTON, DICKENS