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1. What is the soybean checkoff?
The soybean checkoff is a program that was developed by soybean producers in the
United States for research, promotion and education as they relate to soybeans and
the soybean industry. Funds are assessed on all soybeans at one-half of 1 percent
of the market price. All funds are used in accordance with the Soybean Marketing
Act and Order.
2. Who pays the soybean checkoff?
Soybeans are assessed at the elevator level the first time they are sold by farmers.
3. Who makes the decisions about how the checkoff money is invested?
The South Carolina Soybean Board is made up of producers within districts where
soybeans are grown in South Carolina. For the portion of the funds kept in the state,
these producer directors make all of the decisions on how the money is invested.
The portion sent to the national board is determined by the United Soybean Board,
a 64-member farmer board.
4. Can anyone have input on investment of checkoff funds?
You may contact the producer director in your district to make suggestions or contact
the SCSB office directly. Keep in mind that all guidelines as set forth by the Soybean
Marketing Act and Order must be followed.
5. Where can I buy soy food products in South Carolina?
With the increasing health publicity that soyfoods have generated recently, soyfoods
are becoming more and more popular and easier to find. In South Carolina, many soyfoods
can be found at your grocery store, health food stores and specialty shops.
6. How can I get soy recipes?
You can contact the South Carolina Soybean Board for recipe ideas or visit one of
these Web sites:
www.talksoy.com
For information on how to plant and grow soybeans in your garden, go to:
www.wannamakerseeds.com
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