United Soybean Board Approves $173 Million Budget
USAgNet - 07/19/2024
The 77 farmer-leaders serving on the United Soybean Board approved $173.8 million for the 2025 fiscal year budget. The budget supports research, promotion and education investment portfolios selected through USB's Portfolio Development Process. These
investments drive demand for U.S. Soy and return value to all U.S. soybean farmers.
"With wet conditions in the north and dry conditions in the south, growing soybeans has been challenging for many across the nation," said Steve Reinhard, USB chair and farmer from Ohio. "One of the benefits of our checkoff is that farmer-led investments
continually focus on building a more resilient soybean to withstand weather conditions, pests and weed pressure while also prioritizing demand creation. As we look ahead to FY25 investments, I've been impressed with the innovative and novel ideas by our
soybean farmers to not only protect soy production, but grow our market across the animal ag sector, biofuels, and product innovations."
The board's approval during the organization's summer meeting July 8-11, hosted by the Maryland Soybean Board and the Mid-Atlantic Soybean Association in Baltimore, Maryland, puts in motion a strategic portfolio that focuses on growing preference and
increasing the resiliency of U.S. Soy. Priority areas include Innovation & Technology, Health & Nutrition, and Infrastructure & Connectivity across supply and demand investments. In addition, the Communication & Education Committee aims to enhance the
U.S. Soy and checkoff reputation across key audiences, and USB's export promotion investments focus on differentiating U.S. soybeans, red meat, poultry, and eggs around the globe.
- FFA Elects New National Officers
- Farmers Funding Their Own Safety Net with Crop Insurance
- Food & Ag PACs Largely Supporting Republicans
- American Soybean-BASF Offer Annual Soy Scholarship
- Tractor Supply Co. to Acquire Online Pet Pharmacy Allivet
- CoBank Issues Hopeful Report for U.S. Ag Sector
- FL Citrus Hit Hard by Hurricane Milton