30 YEARS
Beef Checkoff Basics The Beef Board currently comprises 100 beef , dairy and veal producers , as well as beef importers , all of whom pay the checkoff assessment and are appointed by the U . S . Secretary of Agriculture . The full Board meets twice per year , during which each member serves on a specific program committee to make recommendations to the Beef Promotion Operating Committee , and the full Board meets to carry out and vote on the business of the Board – financials , committee reports , leadership elections and the like . The Operating Committee is made up of 10 members of the Cattlemen ’ s Beef Board and 10 members of the Federation of State Beef Councils and is the body that makes the final decisions about how to invest our budget on an annual basis , based on recommendations from the program committees .
Building Beef Demand
BUILDING BEEF DEMAND 1986-2016
We commission ongoing market research , identifying the latest trends in the industry and listening to consumers ’ up-to-the-minute concerns , desires and opinions about our industry and products . We understand that consumers are in the driver ’ s seat when it comes to buying beef , so we have to know what they want and make it happen . We simply must be transparent about how we raise beef .
Administration Limited to 5 % The administration slice of the budget pie chart shows that we spend less than 5 percent of our total budget on administration , as required by the Beef Promotion & Research Act . It ’ s also important to understand what falls under that “ administration ” cap so that it is not misconstrued to be just salaries for staff . In fact , the administration budget includes items such as :
• Board member travel
• Board and committee meeting expenses
• Staff salaries and benefits
• Staff travel
• Equipment purchases , rentals and maintenance
• Furniture purchases or rentals
• Depreciation
• General office supplies , including paper
• Printing
• Office rent and utilities
• Telephone expenses
• Database management
• Audit fees
• Insurance
• Bank fees
• Legal fees
• Postage and shipping
• Memberships and subscriptions
• Internet and website expenses
• Compliance travel and software
FY16 Administration Expenses as a Percentage of Projected Revenue
96 %
All Other Expenses
Administration
4 %
3