Every U.S. soybean producer participates in the checkoff contributing at a rate of 0.5 percent of the market price per bushel, when the crop is first sold. Half of all checkoff dollars collected in Missouri remain in Missouri and are controlled by the Missouri Soybean Merchandising Council. The other half is forwarded to the United Soybean Board (USB) where it is combined with funds from across the nation.
The USB is run by farmer-directors from all around the nation. Every producer serves voluntarily without pay. The USB directors are nominated by the state soybean boards (in Missouri, the MSMC) and then appointed by the U.S. Secretary of Agriculture. Four Missouri producers sit on the USB board of directors. USB activities are coordinated through paid staff in St. Louis, Missouri.
In 1991, U.S. soybean farmers created the national soybean checkoff. The U.S. Congress passed a provision as part of the 1990 farm bill to form the checkoff at the request of soybean farmers throughout the nation. The law required a referendum in 1994 to determine if the national checkoff program should continue. In this referendum, producers voted to continue the program.
By law, there are only certain areas where soybean checkoff dollars may be spent. Under no circumstance can funds be used for lobbying purposes.
The MSMC is dedicated to using the checkoff dollars we receive from you each year to keep your operation growing forward. From researching new ways to increase your production to supporting your number one customer – animal ag – we are hard at work investing in the areas that are key to improving your bottom line.
As we move into each year we conduct in-depth research on the latest cutting edge technology that can be used to benefit you—the farmer. Checkoff programs allow us to further strengthen the industry in which we work and live. Year after year your checkoff dollars are invested in a multitude of projects that solidify our industry as a staple of the American economy.
Take a look at the many areas where the MSMC is putting your checkoff funds to work. And for more information on how the USB is helping to grow your profitability on the national level, visit UnitedSoybean.org.