SoyPAC is the American Soybean Association’s Political Action Committee. Any ASA member can make a contribution to SoyPAC, which provides ASA with resources that help support legislators who champion soybean farmer priorities.
We had a fun time despite the digital circumstances! Auctioneer (and soy grower) Eric Maupin was in fine form on screens across the soy states calling the bids and encouraging the fun. Thanks to all who were able to join us, including this year's sponsors!
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The purpose of the SoyPAC fund is to provide the opportunity for individuals interested in the production, processing or promotion of soybeans and soybean products to support worthy candidates for public offices who support SoyPAC purposes and thus foster a positive environment in which the soybean industry can flourish and prosper.
Our SoyPAC mission is to leverage valued SoyPAC member contributions in a smart, strategic way that strengthens our relationships with policy makers and maximizes the political potential of the soy industry to accomplish long and short term goals important to soy farmers.
Spring 2020 – present
ASA has pushed for funding and regulatory flexibilities throughout the COVID-19 pandemic. September 2020, USDA released a second round of the Coronavirus Food Assistance Program. The CFAP2 relief package and related payments, worth up to $14 billion, are part of a long list of COVID-related priorities for which ASA worked to assure the ag voice was heard from the onset of the pandemic. CFAP2 follows earlier CFAP assistance from USDA and relief provided to farmers through the Small Business Administration: the Paycheck Protection Program and the Economic Injury Disaster Loan Program. In January 2021, the Consolidated Appropriations Act of 2021 was signed into law, including $13 billion to address COVID-related impacts on agriculture and $7 billion for broadband funding—including $300 million for a much-needed rural broadband build-out — a major soy priority.
ASA has been hard at work encouraging movement toward modernization of the regulatory environment for tools very important to farmers. ASA supports regulatory reforms that accelerate the timelines for biotech trait approvals and companion herbicides without disrupting foreign market approvals or U.S. agriculture exports, and that do not require pre-market approval for biotech products derived through plant breeding innovations that could have occurred through traditional breeding (e.g. gene editing, plant breeding innovations). ASA urged members of Congress to support the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA) and oppose legislation that misrepresents the science-based safety standards used to protect farmers, workers and the public and that would jeopardize the continued availability and innovation of pesticide products.
ASA worked for a multi-year renewal and extension of the biodiesel tax credit, enacted Dec. 2019. September 2020, ASA welcomed news regarding EPA’s denial of certain petitions for small refinery exemptions (SREs) after advocating on this issue. ASA, the National Biodiesel Board, and others continue to push for the rejection of additional “gap filing” petitions and other measures to strengthen the Renewable Fuel Standard (RFS). EPA missed the statutory deadline for the proposed rule for 2021 renewable volume obligations (RVOs), which traditionally is released in late June or early July of the preceding year. ASA will continue to encourage lawmakers to defend and strengthen the RFS, including protecting annual volumes for biodiesel and advanced biofuels, and better administration of SREs.
ASA advocated for increased federal investment in waterways infrastructure in the 2020 Water Resources Development Act (WRDA). This legislation, which has been signed into law, included an adjusted cost-share ratio for Inland Waterway Trust Fund projects from 50% IWTF/50% General Revenues to 35% IWTF/65% General Revenues through FY2031, a major priority for U.S. soy growers. ASA advocates for increased investment in our inland waterways, ports, rail and highway infrastructure as a means to strengthen the competitiveness of America’s farmers. As Congress considers these funding decisions, ASA is there pushing soy priorities.
ASA has actively supported farmer risk management tools, such as crop insurance and farm economic safety net support. This included rallying behind replenishment of USDA’s Commodity Credit Corporation account. ASA engaged with policymakers and, with other interested groups, successfully supported the replenishment of these CCC resources imperative for farm bill benefits such as ARC, PLC and CRP.
2018 and Ongoing
ASA pushed for market access in the U.S.-China Phase One trade deal and the U.S. Mexico Canada agreement (USMCA), which were both finalized in early 2020. Trade expansion, market access and international food aid remain a top focus for ASA.
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SoyPAC funds raised are for the benefit of political candidates and activities on a national level that support the soybean industry. Contributions to SoyPAC are voluntary and not tax-deductible. Participants have the right to refuse to contribute without reprisal. Any suggested amounts are suggestions only and not enforceable; more or less than the suggested amount may be given; the amount given by the contributor, or the refusal to give, will not benefit or disadvantage the person being solicited.