Mississippi Soybean Promotion Board is made up of 12 farmer-leaders who oversee the investments of the soy checkoff on behalf of all Mississippi soybean farmers. These volunteers work to increase soybean farmer profitability by investing checkoff dollars in ongoing public research and extension programs that address Mississippi production challenges, and driving the adoption of best management practices developed through research and ensuring the sustainability of Mississippi soybean production.
The soy checkoff is supported entirely by soybean farmers with individual contributions of 0.5 percent of the market price per bushel sold each season. Fifty percent of contributions collected in Mississippi remain in the state. The Mississippi Soybean Promotion Board invests these funds in research, promotion and education to improve the profitability of soybean production on behalf of all Mississippi producers. The remaining 50 percent of funds are sent to the national soy checkoff, directed by the UNITED SOYBEAN BOARD. Composed of 69 volunteer farmer-leaders, USB invests soy checkoff funding to conduct research and drive demand for U.S. soybeans.
Background: Mississippi soybean farmers face challenges that other states do not face, plus challenges that are shared with other Midsouth states. Mississippi produces some of the highest quality soybeans in the United States, but the state’s producers face unique challenges such as variety selection, planting dates, declining aquifer in the MS delta, and the threat of soybean seed deterioration in the pod at the end of the season. Approximately 90% of the soybeans grown in Mississippi are exported because of limited processing capabilities in the state. With strong international demand for the high-quality soybeans produced in Mississippi, we must continue to market our quality. Our quality was the reason for the 2019 Taiwan Vegetable Oil Manufacturers Association and The State of Mississippi signed intent for purchase of Mississippi soybeans. Although our recent trade agreement was successful, MSPB should continuing focusing investments on production research that will provide the greatest impact to Mississippi soybean farmers’ bottom lines. This includes strategically investing in research and transferring the results of that research to farmers to implement in their own operations. This is especially important as public funds to support production research continue to decline.
Core Value: The Board, with honesty and integrity, collectively and individually, is committed to working within the letter and spirit of applicable law and regulation to achieve maximum value for each Mississippi soybean farmer’s checkoff dollar.
Mission: Invest Mississippi checkoff dollars to develop and promote soybean and soybean production to improve the bottom-line potential for soybean farmers.
Strategy: Leverage funds and partner with public and private entities to address production research, identify market opportunities and communicate the outcomes to Mississippi soybean farmers.