USMEF Checkoff FundingCheckoff funds are a critical part of the funding mix that enables USMEF to represent U.S. red meat in the global marketplace.
USMEF combines financial resources received from the USDA Market Access, Emerging Market and Foreign Market Development programs and matches them with support from Checkoff programs representing the beef, pork, corn and soybean industries.
USMEF further stretches the buying power of producers’ Checkoff funds by combining them with third-party contributions from industry partners around the world (retailers, food service outlets, importers, etc.) to create an integrated, cost-effective approach to supporting red meat exports
Following is an overview of USMEF funding in fiscal year 2014:
- 27% from the Beef Checkoff
- 16% from the Pork Checkoff
- 9% from the Soybean Checkoff
- 5% from the Corn Checkoff
- 4% from the lamb industry, packer/processors, purveyor/traders, agribusiness, farm organizations and others
- 38% from USDA (MAP, FMD and FAS)