USB/ASA Memorandum of Understanding

Preamble

American Soybean Association (ASA) and United Soybean Board (USB) have reached an understanding that is intended to form the basis for an improved relationship between their organizations. This understanding has been achieved by finding common ground and includes an agreement to look to the future and move beyond past issues. ASA and USB realize the need for both organizations to be viable soybean organizations and working collectively, both organizations will support efforts to maintain this viability. The desire to continue the development and trust and respect between the organizations will prove to be the common thread of a mutually beneficial relationship which will play a vital role in serving the needs and interests of U.S. soybean farmers.

Acknowledgements and Understandings

1. ASA recognizes that the national checkoff program plays a vital role in the research and promotion of soybeans and in producer and consumer education for the benefit of the U.S. soybean farmer. ASA further recognizes that USB is governed by the Soybean Checkoff Act and Order.
2. USB recognizes ASA as a national soybean policy organization representing U.S. soybean farmers both domestically and internationally.