(NAFB) – The 77 people serving on the United Soybean Board approved $191.5 million for the 2024 fiscal year budget.

The budget supports research, promotion, and education investment portfolios selected through USB’s Portfolio Development Process. These investments help drive demand for U.S. soy and return value to all U.S. soybean farmers. The total budget also includes execution, oversight, and program support.

“I hope U.S. soybean farmers are proud of their checkoff as we pool our resources to improve our reliability and sustainability in delivering our crop to the global marketplace,” says Meagan Kaiser, USB Chair and Missouri farmer. “As we look to next year, we know that soy delivers solutions, and in many cases, it serves as a drop-in replacement to improve our carbon footprint across thousands of products.” She also says it’s important to make significant gains and drive return on investment back to farmers. “The future is bright,” she adds.