Don’t Take Our Word for It – Hear It Straight from the People Buying Your Soybeans
Your customers buy soybeans for what’s inside – protein and oil. The more of those quality components you can pack into your soybeans, the greater the demand for them will be. And higher demand often leads to a better price through your basis.
Iowa farmer Laura Foell recently heard about the importance of protein and oil content from a group of soybean processors from Taiwan.
“We have to select for more than yield to be competitive in the global marketplace,” says Foell, who serves as United Soybean Board Meal Action Team chair. “The Taiwan crushers I met were pleased with the higher protein content of U.S. soybeans this year. Better composition means better feed for their animals, and that has an impact on our soybean prices and profitability, whether we recognize it or not.”
If you’re still not sure that growing soybeans with higher levels of protein and oil can improve demand and increase the price you receive, take it from a couple representatives of the soy-processing industry.
- Sam Huenefeldt, marketing manager at ADM’s plant in Quincy, Illinois.“If we can provide the highest-quality soybean meal in the world, we can command a higher value for our meal. This will translate to higher demand for soybeans here at our plant and therefore higher values for the farmers that produce soybeans in this area.”