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United Soybean Board Activities & Accomplishments Report. USB February Meeting Highlights . FY12, FY13 Budget. NEW STRUCTURE / FY 2013 ALLOCATIONS. MEAL $20.5 million . OIL $14.5 million. FREEDOM TO OPERATE $12.6 million. CUSTOMER FOCUS $22.5 million. DOMESTIC OPPORTUNITIES.
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NEW STRUCTURE / FY 2013 ALLOCATIONS MEAL $20.5 million OIL $14.5 million FREEDOM TO OPERATE $12.6 million CUSTOMER FOCUS $22.5 million DOMESTIC OPPORTUNITIES INTERNATIONAL OPPORTUNITIES SUPPLY COMMUNICATIONS
Transition to New Structure • 2013 Project Planning • Collaborative approach • Projects approved by current committees, • aligned under Action Teams • December: • Action Teams appointed • Projects transfer to Action Teams • Strategic Management Committee appointed in July Next Steps:
USB Meal Activities Beyond the Elevator Campaign Animal Nutritionist Direct Outreach Soybean Meal Information Center U.S. Meat & Poultry Exports Research - Adhesives, Fibers and Paper Composition Research–Genetics/Breeding International Product Differentiation Global Aquaculture
USB Oil Activities High-Oleic Communications & Outreach to Farmers & Food Industry Advanced Biofuels Initiative Research - Plastics, Paints, Coatings & Inks, Solvents, Lubricants and Waxes, Rubber Adding Value to Glycerin Composition Research–Genetics/Breeding International Food Industry Outreach
Freedom to OperateActivities CommonGround Animal Ag Regulat Center For Food I Monitor Issues - DETs, Trade Agreements Document Soy’s Sustainability Promote Soy’s Sustainability Globally Biotech Acceptance in Foods – Health Professionals Identify Best Management Practices for Efficiently, Sustainably Increasing Yield Educate Influencers, Customers and Regulators on Weed Resistance Management
Customer FocusActivities International Poultry Trade Missions Trade Team Visi Buyers Conference in Southeast Asia Defining the U.S. Soy Brand Globally Communications to Provide Tools & Resources to Farmers Biobased Communications to Government Animal Nutrition Working Group Technical Advisory Panel Meetings Soy New Uses Technology Transfer Soybean Quality Surveys/Analysis Developing Tools to Measure Soybean Component Value
SUSTAINABILITY UPDATE • Renewable Energy Directive in Europe • inaccurately labels U.S. soy as unsustainable • makes U.S. soy ineligible for use in biodiesel • reduces market access • Checkoff-funded research and outreach making some progress, working to overcome this obstacle
Value Task Force Charged to: • Understand “game changing” soybean technologies that could emerge in next 5-20 years • Assess how technologies impact value • Identify changes to optimize and capture additional value • Drive rapid adoption by value chain • Grow value pie for all
ANIMAL UTILIZATION • Analysis Recommendations • Package research results to ensure use • Consider domestic aquaculture outlook • Customer management strategy • Assist further down the supply chain • Coordinate key messages