Soy demand leads to 76.6 million US acres of soybeans

US farmers have taken notice of the growth in global demand for US soybeans maintained in part by the United Soybean Board (USB) and the soybean checkoff. According to the 2011 Prospective Plantings report by the US Department of Agriculture (USDA), US farmers will plant 76.6 million acres of soybeans this year. USDA estimates this year’s soybean crop may be one percent lower than last year. But if the numbers hold, the 2011 soybean crop could be the third-largest planted area on record.

“The checkoff has done a good job of keeping US soybeans competitive in the market,” says Jason Bean, soybean farmer from Holcomb, Mo, and chair of the USB production research program. “Checkoff dollars have provided research to ensure a good quality US soybean. If we have a desirable product, we’ll be able to sustain and increase our demand.” Read more ...

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