A $42.8-million investment of the Cattlemen’s Beef Board (CBB) fiscal year (FY) 2011 budget on a total of 42 national checkoff programs and associated costs was approved this week by the Beef Promotion Operating Committee (BPOC).
CBB approved a budget of $40.6 million for FY 2011, which begins Oct. 1, at the 2010 Cattle Industry Summer Conference in July. Thanks to current checkoff revenues exceeding projections and an increase in next year’s projected revenues, the BPOC recommended an amendment that increased that FY 2011 budget to the $42.8 million.
CBB's FY 2011 budget is 2% less than the $43.8-million budget in FY 2010 and 20% less than five years ago. The amended budget must be approved by the full CBB, as well as USDA.
Members of the BPOC, which includes 10 members of the CBB and 10 members of the Federation of State Beef Councils, met Sept. 20-21 in Denver. They heard presentations of 48 proposals for checkoff funding in FY 2011, asked questions about each, then voted on an FY 2011 Plan of Work that included 42 of those programs.
To read the entire article, link here.