ASA Proposes $1 Billion Soybean Program
April 21, 1999

The American Soybean Association has proposed a $1 billion concessional sale and donation program to USDA for a host of soybean products.  A list of recipient countries, quantities and products was presented by ASA and the National Oilseed Processors Association (NOPA) to Agriculture Secretary Glickman.  Glickman had asked for specific recommendations from ASA on the proposed program.

Included on the list of products are soybeans, soybean meal, soybean oil, soy flour, isolated soy protein, textured vegetable protein, functional and non-functional soy protein concentrates and textured soy protein concentrates.  Commodity Credit Corporation funds would be used for the program.

The oilseed groups want the program initiated immediately and implemented over the next two years.  The CCC authorities used would be similar to the purchase and donation initiative for wheat last year and humanitarian assistance under PL 480, they add.

ASA President Mike Yost of Murdock, MN, said, "We are very aware of the potential harmful effects that large donation packages can have on U.S. commercial exports and on domestic agricultural industries in countries that receive aid packages.

"In developing this list, we have sought guidance from several commercial entities and industry associations which have proposed many of the concessional and donation tonnages we are recommending.  Our goal has been to craft a concessional sale and donation package that maximizes the positive impact on U.S. soybean and product prices while minimizing displacement of commercial sales."