The _____________________ (QSSB name) is in receipt of your request of a refund for $____________collected by__________________ (First Purchaser name) pursuant to the National Soybean Promotion and Research Program. 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.
The____________________(QSSB name) has already remitted one-half of the assessment paid to the United Soybean Board and we have complied with your request for a refund by remitting the amount of the assessment retained by us, which is the other half of the paid assessment (.0025 of the net market price) to the United Soybean Board pursuant to your refund request. Please maintain a copy of this document for your records.
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