It is suggested that you use the following procedures to request a refund from your QSSB.
Please provide the following information to your QSSB.
- A letter stating that you want a refund of your current year’s assessments to go to the USB (the QSSB has a letter guide for you to use for this request if you wish)
- State in which Soybeans were produced
- Your personal information including name and complete address
- The name and address of your QSSB
- Your soybean sale date
- Complete name and address and contact person of the first purchaser where you sold your beans.
You must attach a copy of the sales receipts or other supporting documentation that identifies the bushels and net market value of the transaction for which the refund is requested. Only refund requests for sale in the QSSB’s current fiscal year will be processed.
At this point it would be a good idea to calculate the net market value times the QSSB assessment (.025) to arrive at the amount to be forwarded to the United Soybean Board.
Be sure to print AND sign your name to the request for refund.
I understand that pursuant to the Soybean Promotion Research and Information Act (7 U.S.C. § 6301, et. seq.)(“Act”), and the Soybean Promotion Research and Consumer Information Order (7 C.F.R. § 1220.101, et. seq.)(“Order”), each soybean producer is required to pay one-half of one percent of the net market price of soybeans sold to fund promotion, research and consumer information activities designed to increase demand for soybeans. Each QSSB remits one-half of the assessment paid by the producer to the United Soybean Board. The other half is kept by the QSSB. I also understand that if there’s a refund provision in my State’s soybean statute, and a producer requests a refund of the state portion of the checkoff, the QSSB will comply with my request for a refund by remitting the portion of the assessment retained by the QSSB (one-half of the assessment paid) to the United Soybean Board to be used for national programs because the federal law supersedes the state’s soybean statutes and there is no refund provision in the federal statute.