RESEARCH CONTRIBUTIONS FROM THE SOYBEAN CHECKOFF PROGRAMS
By: Lim, Hongil; Shumway, C. Richard; Love, H. Alan
Lim, Hongil; Shumway, C. Richard; Love, H. Alan, RESEARCH CONTRIBUTIONS FROM THE SOYBEAN CHECKOFF PROGRAMS, Journal of Agricultural and Resource Economics, Volume 25, Issue 1, July 2000, Pages 128-146
Soybean producers participate in a checkoff program to support research and market development activities. Checkoff funds are used for both yield-enhancing and cost-reducing production research. Using USDA cost-of-production data and a regional modeling framework with greater model pretest support than several alternatives, national marginal returns to producers are estimated to higher for checkoff-supported research than for publicly supported soybean research. They are also higher for checkoff cost reducing than for checkoff yield-enhancing research.