Soybean producers from all U.S. growing regions gathered in Nashville last week to review and revise the policy direction of the American Soybean Association (ASA).

One hundred thirty three producers from ASA’s 26 state affiliates served as Voting Delegates in this annual process that guides the ASA as it pursues future initiatives to improve U.S. soybean farmer profitability.

The voting delegates session was held on Saturday, March 3, following conclusion of the annual Commodity Classic Convention and Trade Show that drew a record 6,014 attendees.

What follows are some of the most significant additions and modifications covering a variety of important soybean issues.

Trade

ASA supports legislation that would graduate Russia from the provisions of the Jackson-Vanik amendment in order to establish permanent normal trade relations with Russia.  

ASA opposes any proposal to merge the Office of the U.S. Trade Representative (USTR) with other trade agencies. ASA believes that USTR should remain an independent agency within the Executive Office of the President, focusing on trade negotiations, trade agreements and trade enforcement. 

ASA strongly supports swift implementation of the Colombia, Panama and South Korea Free Trade Agreements.

ASA opposes currency legislation or any action by Congress to unilaterally regulate the value of foreign currencies. ASA believes that currency legislation would create retaliatory actions that would negatively affect soybean trade. Instead, ASA supports an approach by the U.S. that engages the international community in its efforts to address global foreign exchange polices.