Home Indiana Agriculture News U.S. Soybean Farmers Receive Big Returns on Investment From Checkoff

U.S. Soybean Farmers Receive Big Returns on Investment From Checkoff

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Results of the soy checkoff’s most recent return-on-investment analysis shows all U.S. soybean farmers receive five-dollars and 20-cents in profits for every dollar they invest in the checkoff. Untied Soybean Board Chairman Jim Call says this study shows U.S. soybean farmers are better off because of the checkoff. Study leader Gary Williams says five-percent of all U.S. soybean farmers’ revenues are due to the checkoff’s marketing and research efforts.

 

Overall – Williams says the checkoff has increased the size of the U.S. soybean industry, lifted markets for U.S. soybeans, meal and oil and increased U.S. soy exports. Ultimately – he says the benefits have far exceeded the costs. For more information on the United Soybean Board – visit united soybean dot org (www.unitedsoybean.org).