Wisconsin Soybean Marketing Board Inc

The Wisconsin Soybean Marketing Board Inc (WSMB) is a nonprofit organization dedicated to promoting the interests of Wisconsin soybean farmers. Established as a market order board in 1983, the WSMB is funded by checkoff dollars collected from soybean producers in Wisconsin. These funds are allocated towards research, new product development, national and international marketing, and education[2].

Purpose and Activities

The primary mission of the WSMB is to enhance the profitability of soybean production in Wisconsin by investing in initiatives that improve market access, product innovation, and public awareness about soybeans. The board oversees an annual assessment of approximately $3.6 million, which is derived from a two-cent-per-bushel assessment on soybeans sold in the state[2].

Organizational Structure

The WSMB has seven members, each serving a three-year term, who represent the interests of around 14,000 Wisconsin soybean growers[2]. The organization is distinct from the Wisconsin Soybean Association (WSA), a grower-driven organization focused on lobbying for farm-friendly policies at state and national levels[1][3].

Collaborations and Initiatives

The WSMB collaborates with other organizations to promote soybeans. For instance, Wisconsin joined the Northern Soy Marketing alliance, which highlights the advantages of northern-grown soybeans, including higher protein quality and essential amino acids[1]. Additionally, WSMB invests in research and development projects, such as the creation of bio-based alternatives to PFAS foam using soybean meal[1].

Historical Context

The WSMB operates alongside the checkoff program, which was implemented to support marketing, research, and new uses for soybeans. This separates its activities from lobbying efforts, which are handled by the WSA using membership and corporate funds[3].

Financial Operations

The WSMB manages its finances in accordance with federal regulations, ensuring that checkoff funds are used exclusively for marketing, research, and educational purposes[3]. As of recent years, significant investments have been made in research at institutions like the University of Wisconsin, supporting projects related to integrated soybean production systems and other soybean applications[1].