DECATUR, Ill. (August 29, 2017) – This fall when Goodyear introduces its Assurance WeatherReady tires for passenger vehicles, soybean farmers may want to pay attention to their newest customer. That’s because this all-season, innovative line of tires was made possible in part by the soy checkoff. The tires feature a soy-based rubber compound, bringing forward yet another market opportunity for soybean oil and, in return, a profit opportunity for soybean farmers.
“Goodyear and the soy checkoff share something special: a commitment to innovation,” says John Motter, United Soybean Board chair and farmer from Jenera, Ohio. “When we started working with them more than six years ago, it was just an idea, a way to build demand for soybean oil. Now, we have a tire that shows what soy can do on the road.”
Goodyear’s interest in soybean oil included a look at sustainability, a priority for many corporations throughout the United States; however, what they found was a competitive advantage – rubber compounds made with soybean oil remained soft at lower temperatures, leading to enhanced traction in dry, wet and winter conditions. Thus the name, WeatherReady.
“As we develop great products that anticipate and respond to the needs of consumers, soybean oil was one of the technologies enabling us to meet a challenging performance goal,” said Eric Mizner, Goodyear’s director of global material science.
A product advantage is something that is news to soybean farmers’ ears, as this market is just beginning.
“Businesses looking to use soy, even if for sustainable purposes, want to see not only a price-competitive product, but one that functions the same or better than their original product,” says Motter. “That’s why the checkoff works with companies such as Goodyear to test soybean oil and confirm its characteristics, so we can increase demand for our product and ultimately increase our profit opportunities.”
Goodyear’s Assurance WeatherReady tire will be widely available in September 2017, offered in a wide range of sizes, covering 77 percent of cars, minivans and SUVs on the road today.
USB’s 73 farmer-directors work on behalf of all U.S. soybean farmers to achieve maximum value for their soy checkoff investments. These volunteers invest and leverage checkoff funds in programs and partnerships to drive soybean innovation beyond the bushel and increase preference for U.S. soy. That preference is based on U.S. soybean meal and oil quality and the sustainability of U.S. soybean farmers. 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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