IARN — National Pork Board (NPB) delegates approved a change in the mandatory Pork Checkoff rate during the Pork Industry Forum last week. The current rate of $0.40 per $100 value per live animal will change to $0.35 per $100 effective January 1, 2023.
The change represents a 12.5 percent reduction in the checkoff rate. The resolution – offered initially by Minnesota, Indiana and Ohio, but joined in support by Iowa, Nebraska, Illinois, Montana and South Dakota – passed the delegate body with 94 percent of shares voting in favor.
The resolution reflects a recommendation of the Pork Industry Vision Task Force – a group of 19 industry leaders from the National Pork Board, the National Pork Producers Council and various states that reviewed the current structure and resource needs of the U.S. pork industry. The Task Force offered several recommendations to the Pork Act Delegate Body, which came before and were approved by delegates last week.
Story courtesy of the Iowa Agribusiness Radio Network.
Photo courtesy of the Pork Checkoff
