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Published byLesley Willis Modified over 9 years ago
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United Soybean Board Established in ’91 Governed by 70 Board Members Represent approx. 600,000 soybean producers
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The Soybean Checkoff 0.5% of the soybean market price per bushel when farmer sells soybeans 50% retained and utilized by the states where collected, 50% sent to the United Soybean Board
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United Soybean Board USB Invests those checkoff dollars: Production Research Domestic Market Development International Market Development Industrial Product Development Communications
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Soybeans Harvested (75.9 million acres) Crushed: – 80% Meal (protein - 97% used for livestock feed) – 20% Oil (70% used for Human consumption: salad dressing, cooking, baking & frying oil, margarine, etc.) – Approx. 30% of the oil used for industrial uses such as biodiesel, plastics, solvents, Paints & coatings, etc.)
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USB Industrial Program Target Markets: – Biodiesel – Plastics – Coatings, Inks & Solvents – Adhesives – Fibers – Paper (coatings) – Rubber – Emerging Industrial Uses (fibers, etc.)
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