Posted by Eric in IL on February 28, 2012 at 09:53:37 from (208.124.70.178):
If my thinking is correct the checkoff rate for a bushel of soybeans is 0.5% of the price you receive for that bushel.
For corn it is three eights of a cent per bushel you sell. Corn is not dependant on the price you sell at.
So if you sold a bushel of beans for $10.00 the checkoff board gets a nickel. That amount is 13.3 times higher than what is expacted for a bushel of corn. I realize we don't grow as many bushels of beans as we do of corn and a 3 to 4 times higher rate for beans seems fair. But 13.3 seems a bit extreme to me.
Do you all think the people on the soybean board are still spending our money wisely now that they are really raking it in with the higher market prices the last couple years?
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