- Audience: 560
- Video Views: 218.92K
- # videos: 130
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Category:
Knowledge
Society
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Date Created: 2010-06-01
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Date Updated: 2024-02-25
Audience activity: 390
Views per video: 1.68K
Keywords:
soybeans
Nebraska
USB
NSB
producer
farmer
commodity
beans
checkoff
Like farmers of other commodities, such as beef, dairy and eggs, soybean farmers collectively invest a portion of their product revenue to fund research and promotion efforts. This collective investment is called a checkoff.
The funding is available through an assessment program, approved by Congress in 1990, in which soybean farmers contribute one-half of 1 percent of the price of each bushel at the point of sale. Checkoff funds work to develop markets, educate consumers, discover new uses and research new ways to produce soybeans more efficiently.
The Nebraska Soybean Board (NSB) directs the soy checkoff’s efforts within the state, while the United Soybean (USB) directs the soy checkoff’s national efforts. Both organizations are led by a board of farmer-volunteers.