The allegations made by the American Soybean Association against the United Soybean Board regarding mismanagement of farmer checkoff dollars are categorically untrue.
Today, U.S. soybean farmers enjoy record demand both here and abroad for their soybeans, through the fiscally responsible efforts of the farmers who serve voluntarily on USB. If the USDA deems it necessary, USB welcomes a USDA Office of Inspector General audit of any and all of its operations, contractor operations and projects.
“We would encourage all U.S. soybean farmers to learn more about how USB and the soybean checkoff program operate by visiting www.unitedsoybean.org,” said the USB in a news release.
USB is made up of 68 farmer-directors who oversee the investments of the soybean checkoff on behalf of all U.S. soybean farmers. Checkoff funds are invested in the areas of animal utilization, human utilization, industrial utilization, industry relations, market access and supply. As stipulated in the Soybean Promotion, Research and Consumer Information Act, USDA’s Agricultural Marketing Service has oversight responsibilities for USB and the soybean checkoff.