Pursuant to federal rules (section 1220.223, paragraph 5 (iii) © (2)), a two percent penalty, compounded monthly, is assessed to first purchasers who do not remit payment by the last day of the month which follows the end quarter. If your report is postmarked after the date due, you are not entitled to keep the 2% collection fee AND you must add 2% of the gross remittance to your report.
Funded by the Illinois Soybean Association Checkoff Program.
Bloomington Office
1108 Trinity Lane
Bloomington, IL 61704
P: (309) 663-7692 | F: (309) 663-6981
Lombard Office
100 22nd St., Suite 102
Lombard, IL 60148
P: (312) 260-7692
Springfield Office
217 E. Monroe, Unit 95
Springfield, IL 62701
The Illinois Soybean Association (ISA) checkoff and membership programs represent more than 43,000 soybean farmers in Illinois. The checkoff funds market development, soybean production and government relations efforts, while the membership program, Illinois Soybean Growers (ISG) and the Illinois Soybean Growers PAC actively advocates for positive and impactful legislation for farmers at local, state and national levels. ISA upholds the interests of Illinois soybean farmers through promotion, advocacy, research and education with the vision of becoming a trusted partner of Illinois soybean farmers to ensure their profitability now and for future generations.
© 2024 Illinois Soybean Association