Checkoff ROI
21
Your checkoff invested in 21 new uses research projects in 2023.
X2
Your checkoff has more than doubled yields over the last 50 years.
700MT
Your checkoff exported soy to Uzbekistan for the first time.
35
Agronomic research projects funded with checkoff dollars.
+1,000
Your checkoff has brought more than 1,000 soy-based products to the marketplace.
266%
Your checkoff has increased global soy demand by 266%.
Agronomic Research
Driving Progress
The soybean checkoff wisely invests checkoff dollars in research projects that bring on-farm value to Minnesota soybean growers. In 2023, the checkoff funded 35 projects in three topic areas.
17 projects in pest management
4 projects around genetics
14 projects focusing on other agronomic challenges
New Uses and Innovations
Building Demand
Demand for soybean oil and meal is continuously changing. With a close eye on current market trends, the checkoff funds projects that will best support soybean farmers in today’s evolving marketplace.
As demand increases for soybean oil for biodiesel, it has become imperative to find new avenues to use soybean meal. Taking this into consideration, the checkoff funded 21 soy product innovation projects in two topic areas: soybean oil and soybean meal.
![biodiesel[51]](https://mnsoybean.org/wp-content/uploads/2024/05/biodiesel51.png "biodiesel[51]")
The soybean checkoff continues to promote the use of biodiesel across Minnesota. A 20 percent biodiesel blend is estimated to add over a dollar to the value of a bushel of soybeans.
International Markets
Growing Markets
The soybean checkoff works to increase farmer profitability by rail and barge.
Soybeans continue to be the top Minnesota agricultural export commodity, with roughly 30% of all soybeans produced in Minnesota exported.
About 30% of soybean exports are shipped via barge to the Gulf Coast ports for end use in Europe or South America.
About 70% of all soybean exports are shipped to the Pacific Northwest via rail.
