Understand Your Checkoff

The soybean checkoff is supported entirely by soybean farmers with individual contributions of 0.5 percent of the market price per bushel sold each season. Fifty percent of the checkoff dollars remain in state to be utilized by the Nebraska Soybean Board for research, new uses, marketing and promotion as well as educational programs. The other half is utilized by the National program, the United Soybean Board. Funding decisions are determined by the Nebraska Soybean Board of Directors which consist of 9 farmer-members, one of whom is a member at large and one from each of the eight Districts in Nebraska.

Our Long Range Plans

Core Value

The Board with honesty and integrity, collectively and individually, is committed to working within the letter and spirit of applicable law and regulation to achieve maximum value for each Nebraska soybean farmerÕs checkoff dollar.

Purpose

Invest checkoff funds to benefit Nebraska soybean producers.

Mission

Ensure industry on behalf of Nebraska soybean farmers to maximize utilization of Nebraska soybeans in the feed, energy, industrial and food markets.

Strategy

Engage industry on behalf of Nebraska soybean farmers to maximize utilization of Nebraska soybeans in the feed, energy, industrial and food markets.

Objectives

1. Utilize 100 percent of Nebraska soybean production annually.
2. Increase profitability per acre.
3. Invest in the development and acceptance of soy technologies.
4. Promote the success of the Nebraska soybean industry through responsible stewardship while acknowledging global market needs.

Program Areas

The Nebraska portion of the checkoff money is spent in five different areas.

• Domestic Marketing
• International Marketing
• Research
• Communications/Education

Checkoff Funded Areas

The Nebraska Soybean Board Fiscal Year begins October 1, 2011 and ends September 30, 2012.

*Note - w/out FY11 Project Carryovers