1. Report to the Board United Soybean Board (USB) December 6, 2011 St. Louis Marc Curtis, Chairman

2. Chairman’s Report USB Annual Meeting Welcome  USB farmer-directors  QSSBs  farmer-directors  staff  Representatives of Soy Value Chain  Former USB farmer-directors  Guests

3. Chairman’s Report USB 20 th Anniversary Recognition

4. Chairman’s Report 2011 Activities/Accomplishments Priority Issues: February 2011 1.Animal agriculture 2.Transportation infrastructure Long-Range Strategic Plan: June 2011  Improve U.S. soybean meal  Improve U.S. soybean oil  Freedom to operate  Customer focus

5. Chairman’s Report Source: USB Winter 2011 Soybean Producer Attitudes Survey Most important to your long-term bottom line?

6. Chairman’s Report Soybean Checkoff Know customers  Beyond elevator, processor Understand customer needs Address customer needs

7. Chairman’s Report USB in Action National Association of Farm Broadcasting Convention  Nov. 9-10, Kansas City  45+ interviews  600+ ag industry participants  Special USB recognition

8. Chairman’s Report Next Generation U.S. Soybean

9. Chairman’s Report American Soybean Association  Strengthen relationship Memorandum of Understanding Code of Conduct Curtis Goal #1

10. Chairman’s Report Progress on New Model  Checkoff-funded international marketing USSEC evolution Implementation of Impact Project  Develop markets with greatest potential Curtis Goal #2

11. Chairman’s Report Prepare USB for Next 20 Years  Organizational Assessment 2011 USB Task Force Independent, third party expertise On time & ready for consideration Curtis Goal #3

12. Chairman’s Report Questions? Thank you!