The United Soybean Board (USB) just got a 130 to 1 return on its $30,000 checkoff investment. Here's how: Scientists submit research proposal applications to USB and, if their applications are selected, USB awards a $10,000 grant to the researchers to help defray the cost of preparing a proposal submission to the National Institute of Health (NIH). The result: NIH is awarding more than $4 million in grants to study soy consumption and its impact on the prevention of osteoporosis, breast cancer, prostate cancer and the health benefits of isoflavones.
“This demonstrates how farmer-driven soybean checkoff investments can provide long-term benefits to all U.S. soybean farmers,” says David Durham, USB chairman.