United Soybean Board Activities & Accomplishments Report

UNITED SOYBEAN BOARD ACTIVITIES & ACCOMPLISHMENTS REPORT 

BILOXI, MS

Adopted New Board Structure – Aligns with Long-Range Strategic Plan

Reviewed 2012 Budget, Set 2013 Budget

Reviewed USB Activities Relating to Meal, Oil, Freedom to Operate & Customer Focus

Made FY 2013 Allocations to Programs

USB FEBRUARY MEETING HIGHLIGHTS

FY12, FY13 BUDGETFY 2012 DECEMBER

FY 2012 FEBRUARY

FY 2013 FEBRUARY

Price $12.00/bushel $11.70/bushel $11.00/bushel

Usage 3.1 billion bushels

3.011 billion bushels

3.22 billion bushels

USB Collections $88.35 million $83.66 million $84.12 million

NEW STRUCTURE / FY 2013 ALLOCATIONS

CUSTOMER FOCUS

$22.5 million

FREEDOM TO OPERATE

$12.6 million

OIL

$14.5 million

MEAL

$20.5 million

DOMESTIC OPPORTUNITIES

INTERNATIONAL OPPORTUNITIES

SUPPLY

COMMUNICATIONS

NEXT STEPS:

TRANSITION TO NEW STRUCTURE

2013 Project Planning Collaborative approach Projects approved by current committees, aligned under Action Teams December:

Action Teams appointed Projects transfer to Action Teams

Strategic Management Committee appointed in July

USB Meal Activities

Beyond the Elevator Campaign

Animal Nutritionist Direct Outreach

Soybean Meal Information Center

U.S. Meat & Poultry Exports

Research - Adhesives, Fibers and PaperComposition Research–Genetics/Breeding

International Product Differentiation

Global Aquaculture

USB Oil Activities

High-Oleic Communications & Outreach to Farmers & Food Industry

Advanced Biofuels Initiative

Research - Plastics, Paints, Coatings & Inks, Solvents, Lubricants and Waxes, Rubber

Adding Value to Glycerin

Composition Research–Genetics/Breeding

International Food Industry Outreach

Freedom to OperateActivities

Monitor Issues - DETs, Trade Agreements

Document Soy’s Sustainability

Promote Soy’s Sustainability Globally

Biotech Acceptance in Foods – Health Professionals

Identify Best Management Practices for Efficiently, Sustainably Increasing Yield

Educate Influencers, Customers and Regulators on Weed Resistance Management

CommonGround

Animal Ag Regulat

Center For Food I

Customer FocusActivities

Buyers Conference in Southeast AsiaDefining the U.S. Soy Brand GloballyCommunications to Provide Tools

& Resources to FarmersBiobased Communications to GovernmentAnimal Nutrition Working GroupTechnical Advisory Panel Meetings Soy New Uses Technology TransferSoybean Quality Surveys/AnalysisDeveloping Tools to Measure Soybean Component Value

International Poultry

Trade Missions

Trade Team Visi

USB LEVERAGING IN FY11

Total USB Program Funding= $82,727,021

Total Leverage = $58,501,759

Five Year Average = $51,759,773

SUSTAINABILITY UPDATERenewable Energy Directive in Europe inaccurately labels U.S. soy as unsustainable makes U.S. soy ineligible for use in biodiesel reduces market access

Checkoff-funded research and outreach making some progress, working to overcome this obstacle

Charged to:Understand “game changing” soybean

technologies that could emerge in next 5-20 years

Assess how technologies impact valueIdentify changes to optimize and capture

additional valueDrive rapid adoption by value chainGrow value pie for all

VALUE TASK FORCE

ANIMAL UTILIZATION

Analysis Recommendations Package research results to ensure use Consider domestic aquaculture outlook Customer management strategy Assist further down the supply chain Coordinate key messages

YOU ARE INVITED!MEETINGS

USB July 18-19 Williamsburg, Va.

CONNECTIONS December 4-5 St. Louis, Mo.

USB December 6-7 St. Louis, Mo.

WWW.UNITEDSOYBEAN.ORG