UNITED SOYBEAN BOARD ACTIVITIES & ACCOMPLISHMENTS REPORT

USB FEBRUARY MEETING STRATEGY Action Team/Target Area planning meetings BUDGET Adjusted 2013 Approved 2014 and Action Team allocations Reserve for high oleic market expansion AUDIT RESULTS Audit results announced

USB BUDGET Price: $12/bushel Usage: 3.28 billion bu. Collections: $93,480,000 FY13 BUDGET CHANGES Price: $14.25/bushel Usage: 3.06 billion bu. Collections: $103,561,875 Customer Focus: 24.40% Freedom to Operate: 19.40% Meal: 33% Oil: 23.20% ACTION TEAM ALLOCATIONS FY14 BUDGET

USB BUDGET Price: $12/bushel Usage: 3.28 billion bu. Collections: $93,480,000 FY13 BUDGET CHANGES Price: $14.25/bushel Usage: 3.06 billion bu. Collections: $103,561,875 Customer Focus: 24.40% Freedom to Operate: 19.40% Meal: 33% Oil: 23.20% ACTION TEAM ALLOCATIONS FY14 BUDGET

HIGH OLEIC SOY LETTERS OF INTENT DuPont Pioneer Monsanto RESERVE FUND To continue market expansion PROJECTIONS 30% acreage goal “very reachable” $4 billion added value for industry every year

MEAL STRATEGY IMPROVE PROTEIN Research Variety selection COMPETITION DDGS South American soy U.S. ADVANTAGES Amino acids Digestibility Reliable transportation International offices

OIL STRATEGY PUSH AND PULL Customer demand Farmer acceptance BALANCE Food industry Industrial users

FREEDOM TO OPERATE STRATEGY PROACTIVE Regulations Transportation system Trade barriers Sustainability Water GMO labeling COLLABORATE Partner and leverage Other organizations facing same issues

CUSTOMER FOCUS STRATEGY LOTS OF CUSTOMERS Diverse needs Quality products, services FARMERS Increase yields Get tools, info into farmers’ hands

FINANCIAL ANNOUNCEMENTS Total USB Program Funding= $82,727,021 Total Leverage =$58,501,759 Five Year Average =$51,759,773 LEVERAGING Funding: $83 million Leveraged: $96 million First time leverage total exceeded funding 115% ratio REVIEWS USDA: No findings Financial audit: “Clean opinion”; no changes

UPCOMING USB MEETINGS WICHITA, KAN. July 8-9 ST. LOUIS December 5-6 LITTLE ROCK, ARK. February 3-7, 2014 YOU’RE INVITED!

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