Bins Could Be Bursting with Beans This Fall
Brinkley soybean farmer optimistic about this year’s soybean production
ST. LOUIS (Oct. XX, 2014) –Temperatures starting to cool and leaves beginning to change colors are signs that fall is here. Those events also coincide with farmers driving combines through their fields to harvest soybeans and other crops. If recent reports are any indication, it should be a busy harvest for Arkansas soybean farmers.
According to the U.S. Department of Agriculture, U.S. soybean farmers are projected to harvest more than 84 million acres this year, netting nearly 4 billion bushels of soybeans, for a projected average national yield of 47.1 bushels per acre. Those totals would all set records. In Arkansas, soybean farmers are projected to harvest 3.3 million acres this year, with a projected average yield of 47 bushels per acre.
“The weather has been very favorable for soybean crops in most states, which has led to impressive yields,” says Jim Carroll, soybean farmer and United Soybean Board (USB) farmer-leader from Brinkley, Arkansas. “The only thing that could lower these lofty numbers at this point is a hard freeze, but that is not much of a concern at this time.”
The meal and oil from these soybeans will fill numerous needs domestically and internationally, including the need for animal feed, human food, biodiesel and other renewable soy-based products. To build demand for the increasing supply of soybeans, USB invests in varieties that satisfy food-industry standards, such as high oleic soybeans, and cultivates a preference for U.S. soy in markets abroad.
Harvest is the time of year when farmers get to see their work throughout the planting and growing seasons pay off. While it is still very early, most soybean farmers from around the country are optimistic about this year’s crop.
“We started harvesting this week, and yields are above last year, which is good news considering the damage from flooding in late July,” Carroll says.
The 70 farmer-directors of USB oversee the investments of the soy checkoff to maximize profit opportunities for all U.S. soybean farmers. These volunteers invest and leverage checkoff funds to increase the value of U.S. soy meal and oil, to ensure U.S. soybean farmers and their customers have the freedom and infrastructure to operate, and to meet the needs of U.S. soy’s customers. As stipulated in the federal Soybean Promotion, Research and Consumer Information Act, the USDA Agricultural Marketing Service has oversight responsibilities for USB and the soy checkoff.
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