A first purchaser is defined as the location of the first point of sale of soybeans when it is sold by a farmer. First purchasers could include elevators or soybean processors.
The soybean checkoff is assessed at the rate of one-half of 1 percent (.005) of the net market price of soybeans sold by the producer to the first purchaser. These contributions are used for promotion, research and education to help secure a strong future for Indiana soybean farmers. Checkoff assessments collected by Indiana first purchasers must be remitted to the Indiana Soybean Alliance by the last day of the first month following the end of the quarterly sales period.
First Purchaser Portal
The Portal will allow first purchasers to electronically file quarterly remittance numbers and download a completed remittance form to send directly to ISA with payment.
Once registered (you should have received your unique registration code in the mail) and logged into your account, you can review invoices due and electronically file your quarterly report.
For payment, you can download the completed form and mail it to:
Indiana Soybean Alliance
PO Box 6069 Dept #223
Indianapolis, IN 46206-6069
If you have any questions, please contact Dennis Henry at 317-614-0117 or dhenry@indianasoybean.com.