Beef Board Outlines Recommended Budget

Beef Promotion Operating Committee recommends a $41.5 million budget for fiscal 2010. Here's how they want to spend it.

The new 2010 budget has been approved by the Beef Promotion Operating Committee and calls for spending $41.5 million, which is a slight drop from the fiscal 2009 package. And spending is down more than 15% from 2008. While the budget must still be approved by the full Beef Board, which administers the national checkoff program, and USDA, it includes: 

  • $18.1 million for promotion, including advertising, foodservice, retail and veal promotion, and new-product development.
  • $6.2 million for research programs, including beef safety, product enhancement, nutrition research, and market research.
  • $4.7 million for consumer information programs, which includes consumer public relations and information, and outreach to nutrition influencers.
  • $2.9 million for industry information programs, including beef and veal quality assurance and issues management.
  • $5.3 million for foreign marketing, including promotion and public-relations programs around the globe.
  • $1.8 million for producer communications, including trade advertising, media relations, and direct communications to producers about the results of their checkoff investments.
  • $220,000 for evaluation of checkoff programs.
  • $130,000 for program development.
  • $255,000 for USDA oversight.
  • $2 million for administration, which includes costs for Board meetings, legal fees, travel costs, office rental, supplies, equipment, and administrative staff compensation.

The CBB Executive Committee also ratified the Operating Committee's budget recommendation. In the coming stages of the Fiscal Year 2010 budgeting process, the full Beef Board will be asked to approve the budget at its meeting in Denver in July. Joint industry advisory committees and subcommittees also will meet in Denver to prepare recommendations for specific program proposals to be funded with that budget. These proposals will be considered by the Operating Committee in September, before the Oct. 1 beginning of the fiscal year, and must finally be approved by USDA before any checkoff dollars may be spent.

Funds from the Beef Board for national checkoff programs in Fiscal 2010 will be augmented by about $4.8 million in voluntary contributions from state beef councils to their national Federation of State Beef Councils.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish