Budgets Set for Next Year

Part of the housekeeping chores for the annual Summer Conference is to approve budgets for the next fiscal year, including plans for checkoff-funded work.  The NCBA combined budget approved for fiscal year 2004 is $69.43 million.  Of that, $61.775 million is for programs and expenses conducted on behalf of the Cattlemen’s Beef Board and the Federation of State Beef Councils.  That represents a 4.7 percent increase from the previous year. 

The program budget is $45.75 million devoted to programs designed to increase domestic demand for beef.  In addition, budgets for $2 million in producer communications and $1.9 million in international markets implementation were also passed.

Checkoff funds still must be approved by the Beef Promotion Operating Committee, which meets in September. 

The Policy division budget was set at $7.651 million, almost even with a year ago.  Funded with dues dollars and other non-checkoff sources, the Policy Division provides lobbying and information service in Washington, D.C. and Denver to the organization’s members and affiliates.

Federation Division Budget Program Expenses

Consumer Marketing

$27,395,000

Public Opinion & Issues Mgmt

$6,077,000

International Marketing

$5,600,000

Research & Knowledge Mgmt

$5,493,000

Industry & Member Services

$765,000

Special Projects

$420,000