Annual Report Recaps State and National Beef Checkoff Programs
By Misty Martin on March 19, 2018 @ 11:49am
AUSTIN, TX – The Texas Beef Council (TBC) recently published the 2017 annual report highlighting key state and national programs in the areas of promotion, research and education. Included in the annual report is an overview of revenues and expenditures for fiscal year 2017.
“The annual report gives beef producers the opportunity to take a closer look and learn more about how both checkoff programs are allocating funding towards demand-building programs throughout the year,” said Ryan Moorhouse, general manager of Hartley Feeders and chairman of the TBC board. “It’s a snapshot of the year with valuable information we’re proud to share with fellow cattlemen and women.”
TBC conducts the $1 per head national checkoff program for Texas beef producers and is also a contractor for the Beef Promotion Research Council of Texas (BPRCT), which administers the $1 per head Texas state checkoff program.
The national Beef Checkoff Program was established as part of the 1985 Farm Bill and assesses $1-per-head on the sale of live domestic and imported cattle, and the equivalent on imported beef and beef products. Under the law that guides the checkoff, 50 cents of each Texas checkoff dollar must go to the Cattlemen’s Beef Board for national programs. The TBC board of directors, consisting entirely of Texas cattlemen and women, invests the other half dollar in programs conducted in Texas as well as additional national and international beef marketing programs.
Texas beef producers voted in June 2014 to establish a state-level beef checkoff program which was approved and collections began October 1, 2014. The program is funded through a refundable $1 per head assessment on cattle at each point of ownership transfer in Texas. The funds are managed in accordance with Texas law by the BPRCT. The BPRCT consists of 20 Texas cattlemen and women appointed by the Texas Commissioner of Agriculture. Unlike the national checkoff program, the BPRCT oversees the entire $1 checkoff assessment and can choose to invest state dollars in the areas of promotion, research and education in Texas, the U.S., and international markets.
The report presents the combined financial results of TBC and BPRCT and includes a chart indicating the percentage breakdown of investments in each program area. The chart also shows TBC’s voluntary investment in the Federation of State Beef Councils and combined voluntary investment in U.S. Meat Export Federation (USMEF). Some of the programs highlighted in the report include research, digital marketing, MD outreach, retail partnerships, advertising campaign, beef quality assurance, culinary education, and international marketing.
The report’s reverse side summarizes similar information on national programs approved by the Cattlemen’s Beef Board and contracted through organizations such as the National Cattlemen’s Beef Association and the USMEF.
To request a copy of the annual report summary or a more detailed audited financial report, please email email@example.com or call toll-free 1-800-846-4113. The annual report can also be viewed online at TexasBeefCheckoff.com.
The Texas Beef Council (TBC) conducts the $1 per head national checkoff program for Texas beef producers and is also the contractor for the Beef Promotion Research Council of Texas (BPRCT), which administers the $1 per head Texas state checkoff program. TBC’s mission is to increase beef demand in the state through programs of beef promotion, research and education. TBC also helps fund national and international beef checkoff programs to increase marketing opportunities around the globe. The BPRCT’s mission is to improve Texas producer profitability by strengthening and expanding beef demand. The TBC and the BPRCT are directed by a 20-member board of cattlemen and women representing the state’s beef producers. For more information on this and other checkoff-funded programs, please visit www.TexasBeefCheckoff.com or call (800) 846.4113.