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