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Kansas Soybean Commission outlines checkoff investments, pledges to ag innovation
Summary
The Kansas Soybean Commission summarized funding decreases tied to lower prices and yields, use of reserves for strategic investments including a pledge to K‑State ag innovation, and work on biodiesel, renewable diesel and soy‑based products.
Raylan Phelan, vice chair of the Kansas Soybean Commission, told the Senate Agriculture Committee the commission’s collections from July 2023 to July 2024 were about $3.5 million, down roughly $1 million from the previous year because of lower prices and yields.
“Each year, the amount we have to invest is dependent on the strength of soybean prices and the volume of soybeans…
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