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Opportunities for Cooperatives in Sourcing Grain

Opportunities for Cooperatives in Sourcing Grain. Ethanol Discussion Joseph K. Anniss General Manager. Impact of Bio-Fuels. A CEO’s Perspective…. About Us. Where it started - as West Bend Elevator Company. Our History. April 6, 1915 - First WBEC Stockholder’s Meeting.

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Opportunities for Cooperatives in Sourcing Grain

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  1. Opportunities for Cooperatives in Sourcing Grain Ethanol Discussion Joseph K. Anniss General Manager

  2. Impact of Bio-Fuels A CEO’s Perspective…

  3. About Us

  4. Where it started - as West Bend Elevator Company

  5. Our History • April 6, 1915 - First WBEC Stockholder’s Meeting. • May 29, 1915 – Date of Incorporation • 1932 – WBEC assets equal $42,818 with 303,030 bushels purchased • 1934 – Company employs three employees

  6. Our History • 1971 – Shipped first unit train from West Bend, composed of 62 cars. • 1980 – 62 employees, $11 million in assets, $1.1 million in savings

  7. Our History • November 26, 2003 – Changed Name and Focus of Company to MaxYield Cooperative. • July 31, 2006 – 150 Full-Time Employees, 17 locations. • July 31, 2006: $152,000,000 Total Sales • July 31, 2006: $4,208,272 Total Savings

  8. Grain Bushels Handled • Traditional MaxYield Co-op:19.5 million bu • LLC: 12 million bu • Kerber Milling - E’burg: 2.5 million bu • Hobarton Feed Mill: 15 million bu • MGP Ethanol – Lakota: 32 million bu Total Bushels: 81 million bushels per year

  9. Bio-Fuels & Grain Origination Our Evaluation…

  10. Source: Iowa State University

  11. Bio-Fuels & Grain Origination • Threats • Opportunities

  12. What Did We Do?

  13. Important Dates in our history together….

  14. Galen Lowman – MaxYield Grain Origination Galen Lowman – MaxYield Grain Origination

  15. Sheryll Denney – MaxYield Grain Accounting Sheryll Denney – MaxYield Grain Accounting

  16. Shirley Loucks – MaxYield Grain Accounting Shirley Loucks – MaxYield Grain Accounting

  17. Belmond, IA

  18. In Conclusion

  19. Thank You! Questions?

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