My Beef Board Members 
Select State... 

Financials

Cattlemen’s Beef Promotion And Research Board

Statement of Assets, Liabilities and Net Assets, Sept. 30, 2020 and Sept. 30, 2019

Assets 2020 2019
Cash and cash equivalents $15,281,812 $6,413,616
Short-term Investments $5,500,00 $11,000,000
Long-term Investments $2,500,000 $5,500,000
Capital assets, net of accumulated depreciation of $39,170 and $72,744 $21,228 $2,150
Other $9,240
TOTAL ASSETS $23,312,280 $22,915,766

 

 

Liabilities & Net Assets 2020 2019
Due to state beef councils & other $27,007 $2,499
Due to Montana Beef Council $954,992
Net Assets, Without Donor Restriction:
Designated for future expenses $17,497,459 $15,912,520
Designated – board reserve $4,350,000 $4,350,000
Undesignated $1,437,814 $1,695,755
TOTAL LIABILITIES & NET $23,312,280 $22,915,766

 

 

Revenues 2020 2019
Assessments $41,541,515 $42,706,709
Interest $293,224 $346,900
Other $46,255 $35,555
TOTAL REVENUES $41,880,994 $43,089,164

 

 

Program Expenses 2020 2019
Promotion $10,206,858 $10,580,409
Research $8,349,734 $9,891,043
Consumer Information $7,260,148 $7,571,245
Industry Information $3,392,835 $3,357,876
Foreign Marketing $6,933,262 $8,347,484
Producer Communications $1,553,769 $1,637,234
Program Evaluation $202,046 $158,875
Program Development $388,847 $435,772
TOTAL PROGRAM EXPENSES $38,287,526 $41,979,938

 

 

Supporting Services 2020 2019
USDA Oversight*

$761,214

$596,367
Administration $1,505,256 $1,729,852
TOTAL EXPENSES $40,553,996 $44,306,157

 

*Included in the USDA Oversight amount is approximately $600,000 and $404,000 paid by the Cattlemen’s Beef Board to USDA for oversight fees during fiscal years 2020 and 2019, respectively. The remaining $161,000 and $192,000 is related to cost incurred by the Cattlemen’s Beef Board for litigation, meetings with USDA, freedom of information act requests, settlement requests and authorization requests during fiscal years 2020 and 2019, respectively.

Assessment Revenues

Qualified State Beef Councils 2020
Alabama $328,021
Arizona $321,224
Arkansas $406,768
California $1,868,165
Colorado $1,611,967
Delaware $3,947
Florida $308,528
Georgia $263,280
Hawaii $18,327
Idaho $890,555
Illinois $300,507
Indiana $218,180
Iowa $1,704,544
Kansas $3,700,788
Kentucky $645,518
Louisiana $144,908
Maryland $39,580
Michigan $272,808
Minnesota $729,459
Mississippi $248,227
Missouri $1,210,455
Montana $901,391
Nebraska $3,484,131
Nevada $124,148
New Jersey $3,763
New Mexico $588,976
New York $331,447
North Carolina $150,613
North Dakota $563,929
Ohio $331,288
Oklahoma $1,781,692
Oregon $416,182
Pennsylvania $334,173
South Carolina $68,397
South Dakota $1,467,621
Tennessee $380,532
Texas $5,079,846
Utah $303,093
Vermont $43,510
Virginia $360,329
Washington $563,405
West Virginia $72,217
Wisconsin $713,676
Wyoming $499,442
TOTAL QUALIFIED STATE BEEF $33,799,557

 

 

States Without Qualified State Beef Councils 2020
Alaska $194
Connecticut $10,515
Massachusetts $16,840
Maine $18,753
New Hampshire $8,801
Rhode Island $373
TOTAL STATES WITHOUT QUALIFIED STATE BEEF COUNCILS $55,476
Importers $7,686,482
TOTAL ASSESSMENT REVENUES $41,541,515

 

 

Contractors Key

  • AFBFA

    American Farm Bureau Foundation for Agriculture

  • CBB

    Cattlemen's Beef Board

  • FMPRE

    Foundation for Meat and Poultry Research and Education

  • KSU*

    Kansas State University

  • MICA

    Meat Import Council of America

  • NAMI

    North American Meat Institute

  • NCBA

    National Cattlemen’s Beef Association

  • NEBPI*

    Northeast Beef Promotion Initiative

  • NIAA*

    National Institute for Animal Agriculture

  • NLPA

    National Livestock Producers Association

  • USCA

    United States Cattlemen’s Association

  • USMEF*

    United States Meat Export Federation

*Subcontractor
Figures presented within this report are based on data compiled by individual contractors. Unless indicated otherwise, results are based on October 1, 2019 to September 30, 2020 data.