How the Checkoff Works for Farmers
The soybean checkoff is federally mandated by the Soybean Promotion, Research, and Consumer Information Act. Every time a Minnesota soybean farmer sells soybeans, one half of one percent of the market price is checked off. Half of the checkoff is utilized by Minnesota, while the other half is utilized by the United Soybean Board. The Minnesota Soybean Research & Promotion Council is committed to increasing farmer profitability through the wise investment of checkoff dollars.
All checkoff money collected is used to:
- Fund research for soybean profitability
- Increase markets for soybean farmers
- Educate farmers and non-farmers about soybeans