Animal Ag Key to U.S. Soybean Farmer Success
A new report prepared for the United Soybean Board and soy checkoff concludes that the future success of the U.S. soy industry is closely tied to the long-term competitiveness of animal agriculture. According to the report - the challenges facing U.S. poultry, livestock and fish farmers - including rising feed prices and costs related to environmental and animal welfare regulations - threaten the future profitability of the nation's soybean farmers. USB Domestic Marketing Program Chair Lewis Bainbridge says U.S. soybean farmers should care about animal ag because it's their number one domestic customer. He says they need to be sensitive to the issues facing poultry and livestock farmers and make sure they're providing high-quality soy meal.
The study looks at the production of broilers, eggs, turkeys, hogs, beef cattle, dairy and aquaculture between 2001 and 2011 and details the use of U.S. soy meal in each sector - as well as the value the sector represents to soybean farmers. In addition - the study outlines the economic benefits poultry, livestock and aquaculture provide at the state and national levels. In 2011 - these benefits included support for 1.7-million jobs nationally, 333-billion dollars in total economic output, a 58-billion dollar impact on household incomes and 18-billion dollars in income and property taxes paid.
For the U.S. soybean farmers - poultry, livestock and fish farmers used almost 30-million tons of soy meal in 2011. That's the meal from 1.27-billion bushels of U.S. soybeans.
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