Biodiesel returns US soybean farmers’ Invest by the Billions

An updated, independent study funded by the United Soybean Board (USB) and soybean checkoff shows production of biodiesel continues to positively impact U.S. soybean farmers’ on-farm profitability as well as the bottom lines of poultry and livestock farmers.

According to the study, the biodiesel industry’s demand for U.S. soybean oil supported U.S. soybean prices by as much as 27¢/bu  over the past five years, bringing U.S. soybean farmers an additional US$2.7 billion (UK£1.692 billion) in net returns. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.