1999 News Archive
BEEF BOARD APPROVES FY2000 CHECKOFF BUDGET
DENVER, (July 21, 1999) - Cattlemen’s Beef Promotion and Research Board directors approved a $45 million checkoff budget for Fiscal Year 2000 at their summer conference July 18-21 in Denver.
The FY 2000 checkoff budget includes funding for programs to be implemented Oct. 1, 1999 to Sept. 30, 2000 in the areas of: promotion, $25.425 million; research, $3.9 million; consumer information, $4.325 million; industry information, $1.795 million; foreign marketing, $4.86 million; and producer communications, $1.95 million. The Beef Promotion Operating Committee, with its 20 producer members representing the Beef Board and state beef councils, must still approve individual checkoff-funded program authorizations and contractors. The Operating Committee next meets Sept. 22-23 in Omaha, Neb.
In addition to the program budget, Beef Board directors approved a program evaluation budget of $150,000; a program development budget of $120,000; a USDA oversight budget of $225,000; and an administration budget of $2.25 million. By law, Beef Board administrative expenses cannot exceed 5 percent of projected revenues. The administration budget is typically set at that 5 percent level, but actual expenditures have been less than 3.2 percent in recent years.
In other action, Beef Board directors received a report on the latest producer attitude survey research and ratified actions of the Board’s Executive Committee to make minor changes to the administration of the $1-per-head beef checkoff program.