If the federal government’s .25% assessment on each bushel of soybeans is halted, a bill in the Missouri legislature would capture that amount and add it to the state’s current collection of .25%, giving additional millions to the Missouri Soybean Merchandising Council.
“If the federal goes away and this (bill) were to go into effect, we would continue to collect at a rate of one-half of 1% like we are now,” Rep. Curtis Gregory, R-Marshall, told the House Agriculture Policy Committee on Tuesday during testimony on HB2387. “If the bill doesn’t go into effect and the federal is done away with, we’d revert back…to one-half a penny per bushel…That would not bring in the amount of funds necessary to fund the checkoff mission.”
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