|
|
|
|
|
Here's How Commodity Checkoffs Are Helping You!
Recent programs funded by the soybean checkoff are building a customer preference for U.S. soybeans around the world. Soybean checkoff farmer-leaders recently escorted major U.S. soybean customers from Taiwan on a tour examining all aspects of the soybean industry, including farms, universities, county elevators and export facilities. Taiwan is the fourth largest customer of U.S. soybeans. The purpose of the tour was to demonstrate the quality of the U.S. soybean crop and the key to timely and qualified delivery of U.S. soy-infrastructure. Soybean checkoff farmers-leaders also demonstrated the quality of U.S. soy at a recent buyers' conference in Egypt. After the conference, four different crushing operations in Egypt, Dubai and Syria placed orders for U.S. soybeans totaling 6.6 billion bushels.
The soybean checkoff is funded through a mandatory 0.5 percent assessment of the net market price of a bushel of soybeans. As a result, the checkoff is funded by all soybean farmers for the benefit of all soybean farmers.
