Checkoff Salutes U.S. Soy’s No. 1 Customer During Beef and Egg Month
Posted: Thursday, May 6, 2010 8:01 pm
ST. LOUIS (May 5, 2010) – The farmer-leaders of the United Soybean Board (USB) and soybean checkoff take pride in supporting their partners in the U.S. poultry and livestock industries, particularly during the month of May for Beef and Egg Month. This partnership not only helps provide the world with a safe, affordable and abundant food supply but also generates benefits for our economy, including creating jobs throughout the country.
U.S. animal agriculture represents the single largest user of U.S. soybeans, consuming nearly 98 percent of the domestic supply of U.S. soybean meal. The checkoff supports the long-term interests of U.S. poultry and livestock producers in order to improve the stability and success of the U.S. soybean industry.
The checkoff-funded Nationwide Economic Impact of Animal Agriculture study shows the economic value of animal agriculture to communities. Figures from the most recent analysis show the U.S. animal agriculture industry directly employs nearly 230,000 Americans. Other key findings of the recently completed study include:
U.S. poultry and livestock producers spent over $100 billion on supplies and services that support local jobs.
According to checkoff-funded research contained in the latest edition of the USB Market View Database, poultry alone consumed over 15 million tons of soybean meal, or the equivalent of more than 500 million bushels of soybeans. Beef cattle consumed over 3.9 million tons of soybean meal, which equates to over 130 million bushels of soybeans, according to the most recent data.
“With all of the pressures animal producers currently face, it is now more important than ever to support them,” Myers said. “As a U.S. soybean farmer, I would much rather feed our product to animals here at home and then export the meat, which contributes to the world food supply and adds value to our soybeans. We definitely want to help make sure the U.S. animal ag industry can stay here. The closer our animal operations are to our farms, the more profitable we are as soybean producers.”
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.