return on your checkoff investment
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Return on Your Checkoff Investment. Vanessa Kummer Chair, United Soybean Board Colfax, N.D. soybean farmer. Plenty to talk about. Update from your soybean checkoff New direction Program area activities Benefits to New Jersey 2. Meet customer needs 3. Communicate with consumers. - PowerPoint PPT PresentationTRANSCRIPT
Return on Your Checkoff Investment
Vanessa Kummer
Chair, United Soybean Board Colfax, N.D. soybean farmer
Plenty to talk about
1. Update from your soybean checkoff• New direction• Program area activities• Benefits to New Jersey
2. Meet customer needs3. Communicate with consumers
Surging soybean demandUp more than 140% in past 20 years
Percentage Change in Global Consumption 1990/91 – 2010/11 and Forecast for 2011/12
Source: John Baize & Associates, U.S. Census Bureau, USB Market View Database, USDA
19901991
19921993
19941995
19961997
19981999
20002001
20022003
20042005
20062007
20082009
20102011
-20%
0%
20%
40%
60%
80%
100%
120%
140%
160%
Chan
ge %
Soybeans
Corn
CottonRiceWheat
New Long-Range Strategic Plan
Strategic objectives:1. Soybean meal2. Soybean oil3. Freedom to operate4. Customer needs
Priority Issues:5. Support animal ag6. Investments in transportation
New Long-Range Strategic Plan
Checkoff investment areasDomestic MarketingHelping at Home
International Marketing80 countries and counting
Global OpportunitiesStudy issues that affect sales
New UsesSoy many products
Checkoff investment areasCommunicationsProgress powered by farmers
SustainabilityTelling U.S. soy’s ‘green’ story
BiotechnologyEducating on biotech benefits
Production ResearchBoosting yields, profitability
• Let mapped genome lead to high-yielding varieties
• Goal: 59.5 bu/a by 2030
New project to boost yields
• Biodiesel
• Container Shipping
• Communications
• Tech Transfer
Benefitting NJ farmers
• Animal ag uses 98% of your soybean meal
• U.S. animals eat 1.2 billion bushels worth
• Irreplaceable market• Awareness, support
lacking
Who’s your biggest soy customer?
• High-quality soybeans
• Support their
freedom to operate
• Consumer concerns about food
Animal ag needs our support
CommonGround™
Center for Food Integrity
U.S. Farmers and Ranchers Alliance
Set the record straight on food
Set the record straight on food
CommonGround™www.findourcommonground.com
Center for Food Integrity
www.foodintegrity.org
U.S. Farmers and Ranchers Alliance
www. usfraonline.org
Set the record straight on food
Thank youNew Jersey
Soybean Board
For more information on the United Soybean Board: • Visit us on the Internet: www.unitedsoybean.org• Find us on Facebook: www.facebook.com/UnitedSoybeanBoard• Follow us on Twitter: @UnitedSoy