WILMOT, S.D.(WNAX)- United Soybean Board members held their summer board meeting last week and approved 181 new checkoff funded projects with a total allocation of $78 million for the 2022 fiscal year. South Dakota has four directors serving on the board. One of those is Jason Frerichs of Wilmot. He says budget priorities includes soybean meal and oil and sustainability and making sure U.S. soybeans are the most valuable around the globe.
He says they made sure the projects they approved will increase soy demand.
Frerichs says besides setting a budget and funding various projects, directors also adopted a long-term strategic plan.
Frerichs says that every dollar invested in the soy checkoff returns over $12 in added value to soybeans.
South Dakota producers serving as directors for USB besides Frerichs, include Todd Hanten, Mike McCranie, and Dave Iverson.