The USDA Agricultural Marketing Service (AMS) recently announced that soybean producers may request a referendum to determine whether producers want the U.S. Secretary of Agriculture to conduct a referendum on the Soybean Promotion and Research Order, as authorized under the Soybean Promotion, Research, and Consumer Information Act. Participation in the request for a referendum is voluntary. Producers should participate only if they wish to request a referendum on the program.
The soybean research and promotion program operates as the United Soybean Board. The program's goal is to maintain and expand domestic and foreign markets and uses for soybeans and soybean products. It is funded by a mandatory assessment of 0.5 of 1 percent of the net market price of soybeans. All producers marketing soybeans, except organic producers, must pay the assessment.
If at least 10 percent, not to exceed one-fifth of producers from any one state, of the 515,008 eligible producers determined by the USDA participate in the request for the referendum, a referendum will be held within one year from that determination. If results of the request for a referendum indicate that a referendum is not supported, a referendum will not be conducted. The results of the request for a referendum will be published in a notice in the Federal Register.
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