The South Dakota Soybean Research and Promotion Council is the farmer-led organization charged with wisely investing and leveraging checkoff dollars on behalf of South Dakota soybean farmers. It enhances opportunities for South Dakota soybean farmers by investing in marketing, research, education and promotional initiatives.
Overview of Checkoff
The soybean checkoff is supported entirely by soybean farmers with individual contributions of 0.5 percent of the market price per bushel of soybeans sold each season. The efforts of the soybean checkoff in South Dakota are directed by the South Dakota Soybean Research and Promotion Council, composed of seven volunteer farmer-leaders from across the state. Half of the checkoff funds collected stay in state, while the other half is managed and invested by the United Soybean Board (USB), which is the national soybean checkoff organization. The United Soybean Board is composed of 73 volunteer farmer-leaders from across the country, often nominated by our state-level checkoff organizations.
To view the full South Dakota Soybean Research and Promotion Council 2017 Annual Report, click here.
This blog post is brought to you by the South Dakota Soybean Research & Promotion Council.