Checkoff Remittance2024-08-27T15:44:05+00:00

Checkoff Remittance

The Soybean Checkoff

The Soybean Promotion, Research, and Consumer Information Act established the national soybean checkoff program in 1990. The 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 Illinois, the Illinois Soybean Board (ISB) serves as the states 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 Illinois first purchasers must be remitted to the Illinois Soybean Board by the last day of the first month following the end of the quarterly sales period, as illustrated in the chart below.

Timeline for Checkoff Remittance

For soybean purchases made between:

January 1 – March 31
April 1 – June 30
July 1 – September 30
October 1 – December 31

Remit checkoff funds by:

April 30
July 31
October 31
January 31

Checkoff must be withheld and remitted to the Illinois Soybean Board for all types of soybeans purchased, except for those producers who possess a valid organic soybean exemption certificate.

SPARC form must be completed and accompany the quarterly checkoff remittance payments. Fill out the SPARC form below. The form will automatically calculate the remittance amount due and can be printed out and mailed with your payment.

Online SPARC Form

Downloadable SPARC Form

Mail To

Remittance payments and completed, signed forms should be mailed to:

The Illinois Soybean Board
PO Box 14470
St. Louis, MO 63178

FAQs

What is the rate for the soybean checkoff?2022-10-18T22:36:50+00:00

0.5% or .005 (one-half of one percent), 50 cents for every $100 of sales. It is to be collected on the net sales price. NET is after moisture and quality discounts or premiums, but before any deductions for storage, handling, trucking or other services.

Can a producer get a refund on his bean checkoff?2022-10-18T22:44:22+00:00

As of October 1, 1995 refunds from the National Checkoff were eliminated. However, in those States where the State program is authorized or required to pay refunds, the producer may direct that his or her total assessment be forwarded to the United Soybean Board by requesting a refund from the State program. The authority for this is found in the Order at Section 1220.228 Qualified State Soybean Boards paragraph (v) (A) that reads: If the entity is authorized or required to pay refunds to producers, and request from producers for refunds for contributions to it by the producer following the termination of authority to pay refunds, will be honored by forwarding to the Board that portion of such refunds equal to the amount of credit received by the producer for contributions to its pursuant to section 1220.223 (a)(3).

QSSB Producer Redirection of Checkoff Assessments Form:

What is the required number on the LP-46 Form and where do I find it?2022-10-18T22:45:43+00:00

The required number on the LP-46 Form is a number that is generated from the Illinois Soybean Board. This number will begin with a FP and it is used to help us identify your name and elevator location. If you cannot locate this number you may contact the ISA office at 309-846-8846 and we can give you this number over the phone.

What happens if I paid too much for a quarter?2022-10-18T22:46:26+00:00

Beginning December 2013 you must request a refund authorization from our office if your elevator overpays its checkoff. An amended LP-46 Remittance Certification form and sufficient documentation verifying the overpayment must be submitted with any request for refund. Once the office of the Illinois Soybean Board has reviewed the documentation a refund will be issued.

What if I pay late?2022-10-18T22:47:00+00:00

Pursuant to federal rules (section 1220.223, paragraph 5 (iii) © (2)), a two percent penalty, compounded monthly, is assessed to first purchasers who do not remit payment by the last day of the month which follows the end quarter. If your report is postmarked after the date due, you are not entitled to keep the 2% collection fee AND you must add 2% of the gross remittance to your report.

Is this money used for any Legislative Campaigning?2022-10-18T22:47:27+00:00

Checkoff money cannot be used for any Legislative Funding.

What is the checkoff money used for?2022-10-18T22:48:55+00:00

The checkoff money is used towards the following target areas.
Growing Government Relations
Market Development
Utilization

For additional information, review the most recent Annual Report.

How can I get more information or who do I contact for help?2022-10-18T22:49:42+00:00

You may contact the Illinois Soybean Board at 309-846-8846.

Organic Exemption Request Form2022-11-21T22:09:37+00:00

Funded by the Illinois Soybean Association Checkoff Program.

Bloomington Office
1108 Trinity Lane
Bloomington, IL 61704
P: (309) 663-7692 | F: (309) 663-6981

Lombard Office
100 22nd St., Suite 102
Lombard, IL 60148

Springfield Office
217 E. Monroe, Unit 95
Springfield, IL 62701

The Illinois Soybean Association (ISA) checkoff and membership programs represent more than 43,000 soybean farmers in Illinois. The checkoff funds market development, soybean production and government relations efforts, while the membership program, Illinois Soybean Growers (ISG) and the Illinois Soybean Growers PAC actively advocates for positive and impactful legislation for farmers at local, state and national levels. ISA upholds the interests of Illinois soybean farmers through promotion, advocacy, research and education with the vision of becoming a trusted partner of Illinois soybean farmers to ensure their profitability now and for future generations.

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