Beef Board Budget Recommended
Posted by Diane – June 8th, 2006
AMARILLO, Texas – June 8, 2006 — The Beef Promotion Operating Committee today recommended a Fiscal 2007 budget for the Cattlemen’s Beef Board, toward building consumer demand for beef amid myriad challenges in the marketplace.
Based on projected checkoff revenue of $45.6 million in the coming fiscal year, which begins Oct. 1, 2006 – plus money available for programs coming in below cost – the Operating Committee recommended a $53.15 million budget, up slightly from $52 million in the current fiscal year.
The breakdown of the budget recommendation, which must be approved by the full Beef Board and USDA before any funds are expended, includes the following budget elements: promotion ($27.5 million); research ($7.4 million); consumer information ($6.6 million); industry information ($1.5 million); foreign marketing ($4.9 million); producer communications ($2.5 million); evaluation ($230,000); program development ($125,000); USDA oversight ($210,000); and administration ($2.1 million).
As the budgeting process continues, the full Beef Board will be asked to consider the Operating Committee’s recommendation at its meeting in Reno in July. Joint industry advisory committees and subcommittees also will meet in Reno to prepare recommendations for specific program proposals that are funded with that budget. Those proposals, then, are considered by the Operating Committee in September, and must be finally approved by USDA before any funds are spent.
