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Is the Soybean Checkoff Program Working?

Author

Listed:
  • Williams, Gary W.
  • Capps, Oral, Jr.
  • Bessler, David A.

Abstract

The primary objective of this study is to answer two key questions regarding the U.S. soybean checkoff program over time: (1) What have been the effects of the soybean checkoff program on U.S. and world soybean and soybean product markets? (2) Has the soybean checkoff program benefited soybean producers? To answer the first key question, the effects of the soybean checkoff program on U.S. and foreign soybean, soybean meal, and soybean oil supplies, demands, prices, and trade over the 1980/81 through 2006/07 time period are measured. Those results are then used to answer the second question in a benefit-cost analysis of the soybean checkoff program to measure the overall return to producers from soybean checkoff and related expenditures over the years. In general, the study concludes that the expenditure of soybean checkoff funds to invest in production research and to promote the demand for soybeans and soybean products at home and abroad has been highly effective in enhancing the profitability, competiveness, and size of the U.S. soybean industry since at least 1980/81.

Suggested Citation

  • Williams, Gary W. & Capps, Oral, Jr. & Bessler, David A., 2009. "Is the Soybean Checkoff Program Working?," Reports 90495, Texas A&M University, Agribusiness, Food, and Consumer Economics Research Center.
    • Handle: RePEc:ags:tamagr:90495
    DOI: 10.22004/ag.econ.90495
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    References listed on IDEAS

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    1. Brundy, James M & Jorgenson, Dale W, 1971. "Efficient Estimation of Simultaneous Equations by Instrumental Variables," The Review of Economics and Statistics, MIT Press, vol. 53(3), pages 207-224, August.
    2. Capps Jr., Oral & Bessler, David A. & Davis, George C. & Nichols, John P., 1996. "Economic Evaluation of the Cotton Checkoff Program," Economic Evaluation of Commodity Promotion Programs in the Current Legal and Political Environment, October 7-8, 1996, Monterey, California 279664, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
    3. Bessler, David A., 2009. "Effects of Soybean Checkoff Research Expenditures on U.S. Soybean Yields and Net Revenue: A Time Series Analysis," Reports 90494, Texas A&M University, Agribusiness, Food, and Consumer Economics Research Center.
    4. Brenda L. Boetel & Donald J. Liu, 2003. "Evaluating the effect of generic advertising and food health information within a meat demand system," Agribusiness, John Wiley & Sons, Ltd., vol. 19(3), pages 345-354.
    5. Gary W. Brester & Ted C. Schroeder, 1995. "The Impacts of Brand and Generic Advertising on Meat Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(4), pages 969-979.
    6. Maury E. Bredahl & William H. Meyers & Keith J. Collins, 1979. "The Elasticity of Foreign Demand for U.S. Agricultural Products: The Importance of the Price Transmission Elasticity," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(1), pages 58-63.
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    Cited by:

    1. Capps, Oral, Jr. & Williams, Gary W. & Dang, Trang, 2010. "Effects of Lamb Promotion on Lamb Demand and Imports," Reports 90492, Texas A&M University, Agribusiness, Food, and Consumer Economics Research Center.
    2. Ghosh, Somali & Williams, Gary W., 2015. "Returns to Stakeholders from the American Lamb Checkoff Program: A Supply Chain Analysis," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205413, Agricultural and Applied Economics Association.
    3. Batie, Cicely M. & Dennis, Elliott J. & Lubben, Bradley D., 2020. "Do state-level agricultural promotion programs increase agricultural output? The case of the Livestock Friendly County designation program in Nebraska," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304399, Agricultural and Applied Economics Association.
    4. Luo, Ji & Williams, Gary W., 2015. "The Impacts of Chinese Exchange Rate Policy on World Soybean and Products Markets," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205075, Agricultural and Applied Economics Association.

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