How does the soybean checkoff support individual farmers?
Success for soybean farmers in today’s market takes more than just a good harvest. Increasing demand for soybeans is an essential part of the equation. The soybean checkoff helps facilitate market growth and creation by funding and directing marketing, research and commercialization programs. By building demand, the soybean checkoff helps ensure a strong and profitable future for Indiana soybean farmers.
What’s the difference between the checkoff and membership dollars?
ISA is committed to representing Indiana farmers on critical policy and regulatory issues affecting the soybean industry. Even though policy actions are supported educationally by the soybean checkoff, these funds cannot be used to fund policy programs. Therefore, membership dollars are collected through active members of ISA to fund policy work. Become a member now and let your voice be heard.
The checkoff’s purpose is to fund research, promotion and educational programs that enhance soybean production and use and distribute industry information through the following program areas:
- Grain Marketing
- Production and Research
- Environmental Programs
- New Use Innovation
- Public Affairs
The soybean checkoff provides all U.S. soybean farmers with profit opportunities
U.S. soybean farmers helped create the soybean checkoff as part of the 1990 farm bill. The U.S. Department of Agriculture established the farmer-driven United States Board (USB) in 1991.
No other major U.S. row crop has experienced the amount of demand growth over the last two decades as has U.S. soybeans. U.S. Department of Agriculture (USDA) statistics show global demand for U.S. soy has increased more than 140 percent since 1991.
U.S. soybean farmers planted 59 million acres of soybeans in 1991. By 2011, that number increased to 75 million acres. In all, U.S. soybean farmers have produced 50 billion bushels of soybeans over the last 20 years.
- When the checkoff began in 1991, the United States exported 684 million bushels of soybeans. In 2011, U.S. soybeans farmers helped export 1.45 billion bushels of soybeans, more than double the amount at the start of the soybean checkoff.
Source: United Soybean Board