The Soybean Promotion, Research, and Consumer Information Act established the national soybean checkoff program in 1990. The U.S. Department of Agriculture established the United Soybean Board, a farmer-led organization, to administer the program on a national level. Many soybean growing states also have a Qualified State Soybean Board (QSSB) charged with collecting and administering the checkoff on a state level. In Indiana, the Indiana Soybean Alliance (ISA) serves as the state’s QSSB.
The soybean checkoff is assessed at the rate of one-half of 1 percent (.005) of the net market price of soybeans sold by the producer to the first purchaser. Checkoff assessments collected by Indiana first purchasers must be remitted to the Indiana Soybean Alliance by the last day of the first month following the end of the quarterly sales period.
Recently, ISA launched our First Purchaser Portal. This will allow you to electronically file your quarterly remittance numbers and download a completed remittance form to send directly to ISA with your payment.
Once you are registered (you should have received your unique registration code in the mail) and logged into your account, you can review invoices due and electronically file your quarterly report. For payment, you can download the completed form and mail it to:
Indiana Soybean Alliance
P.O. Box 40992
Indianapolis, IN 46240-0992
To visit the portal, click here.