Mankato, Minn. – With our growing world’s population and its increasing demand for soybeans, it is easy to understand why international exports are important to Minnesota farmers.
The Minnesota Soybean Research & Promotion Council (MSR&PC) has launched the final in a series of videos that address some of the primary issues of the agriculture industry. The video focuses on international exports and emphasizes the important role they play in not only Minnesota, but around the world.
Soybeans are considered a complete protein that contains significant amounts of all the essential amino acids. U.S. soybean exports are helping to meet the growing need for high-protein food around the world. In recent years, China has been the largest customer for U.S. soybeans with purchases exceeding $10.8 billion in 2010. Mexico has been the second largest market for U.S. soybeans with purchases of nearly $1.5 billion.
In addition to protein, soybeans are used as animal feed. By 2014, exports of U.S. red meat are predicted to account for the utilization of over 95 million bushels of soybeans, according to the U.S. Meat Export Federation.
In light of many international trade teams making trips to the U.S. this fall to see how soybean farmers produce a safe, healthy and affordable product, the new video helps explain the importance of relationships with these international buyers.
Minnesota soybean farmers are in a position to help meet the growing worldwide demand for soybeans. With suitable soil, advanced technology and access to global markets, farmers in Minnesota can play a significant role in the food security of developed and developing nations around the world through soybean exports.
By maintaining and leveraging this role to increase soybean exports, Minnesota and the U.S. can provide its international customers with a consistent supply of soybeans, soybean meal and oil and co-products, which can be an important component in their food security strategies.
Dana Johnson, Director of Global Strategy and External Relations at the U.S. Soybean Export Council explains how Minnesota plays a large role in U.S. soybean exports, “Minnesota is the number three soybean growing state in the country. Of the 60 percent of soybeans the U.S. exports annually, a big portion of that is coming from Minnesota. The quality and reliability of the supply that Minnesota farmers provide is essential to keeping that long-term relationship with our foreign buyers.”
The Minnesota Soybean Research & Promotion Council oversees the investment of soybean checkoff dollars on behalf of approximately 25,000 farmers in Minnesota. The council is governed by the rules of a federally mandated checkoff program that requires all soybean producers pay a fee on the soybeans they sell. This money is used to promote, educate and develop market opportunities for soybeans.
To watch the new exports video and get to know a farmer in your area visit www.TheREALStoryMN.com.