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 a summary of the funding USMEF received in fiscal year 2012:
- $8.7 million from the Beef Checkoff
- $4.7 million from the Pork Checkoff
- $2.9 million from the Soybean Checkoff
- $1.6 million from the Corn Checkoff
- $1.6 million from non-Checkoff contributions (dues, sponsorships, etc.)
- $21.3 million from USDA’s MAP and FMD programs
- $26.3 million from third-party contributions
Following are comments from industry leaders regarding the importance of investing Checkoff dollars in the international marketplace: