Opportunities for Cooperatives in Sourcing Grain

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Opportunities for Cooperatives in Sourcing Grain

• Ethanol Discussion
• Joseph K. Anniss
• General Manager

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Impact of Bio-Fuels

• A CEOs Perspective

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About Us
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Where it started - as West Bend Elevator Company
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Our History

• April 6, 1915 - First WBEC Stockholders Meeting.
• May 29, 1915 Date of Incorporation
• 1932 WBEC assets equal 42,818 with 303,030
  bushels purchased
• 1934 Company employs three employees

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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

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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

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Grain Bushels Handled

• Traditional MaxYield Co-op19.5 million bu
• LLC 12 million bu
• Kerber Milling - Eburg 2.5 million bu
• Hobarton Feed Mill 15 million bu
• MGP Ethanol Lakota 32 million bu
• Total Bushels 81 million bushels per year

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Bio-Fuels Grain Origination

• Our Evaluation

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Source Iowa State University
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Bio-Fuels Grain Origination

• Threats
• Opportunities

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What Did We Do?
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• Important Dates in our history together.

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Galen Lowman MaxYield Grain Origination
Galen Lowman MaxYield Grain Origination
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Sheryll Denney MaxYield Grain Accounting
Sheryll Denney MaxYield Grain Accounting
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Shirley Loucks MaxYield Grain Accounting
Shirley Loucks MaxYield Grain Accounting
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Belmond, IA
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In Conclusion
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• Thank You!
• Questions?