At its December board meeting, the MaxYield Cooperative board of directors approved numerous grain facility upgrades at their location in Klemme, IA.
The project, which is expected to be completed and ready to use by the 2020 harvest, will begin when spring weather allows.
MaxYield CEO Keith Heim says the construction project will be a $4.5 million investment into Klemme.
“The project will include a 105-foot-diameter grain storage bin with approximate capacity of 750,000 bushels," says Heim. "It will also include a 4,000-bushel/hour grain dryer, wet corn holding capacity, overhead truck load-out capability and all the infrastructure needed to complete the project.”
Bid-letting for the project will be finalized in the next couple weeks.
"Our Klemme facility incurred storm damage in September that greatly affected our ability to serve our members and clients in that area,” Heim says. “We made what modifications we could so we could get through harvest, but we know that it is not feasible to operate this location beyond 2019 without significant upgrades to the facility.
"We are pleased that the board of directors approved this project," he continues. "Our strong balance sheet allows us to move forward with several significant projects in 2020. This is an excellent upgrade for our Klemme area clients and we are excited to get started on the project this spring."
