St. Louis, Missouri
November 13, 2008
U.S. soybean farmers already have
one reason to give thanks this fall – 2008 exports of U.S. soy
have set another all-time record. This year over 1.5 billion
bushels of soy were exported from the United States, and these
exports are valued at more than $12 billion. Soybean
checkoff-funded international marketing efforts helped achieve
these record-setting export numbers.
U.S. soybean farmers shipped out over 1.1 billion bushels of
whole beans. Also, increasing 11 percent from last year were
exports of soybean meal totaling 346 million bushels. Soybean
oil weighed in at nearly 1.1 million metric tons with a whopping
increase of 68 percent from last year’s numbers.
“Checkoff-funded global demand-building programs have
demonstrated their success with another record-setting year,”
says Terry Ecker, soybean farmer from Elmo, Mo., and
United Soybean Board
(USB) International Marketing chair. “The programs work
diligently to make sure that overseas customers prefer U.S. soy.
The numbers prove our checkoff farmer leaders understand the
importance of marketing U.S. soybeans.”
China is again the top importer of U.S. soybeans with 490
million bushels, which go toward human and animal consumption.
China also imported 171,000 metric tons of soy oil from the
United States, which is used as a cooking oil and other food
uses. With 131 million bushels of U.S. soybeans, Mexico comes in
as the second-largest importer, followed closely by Japan with
nearly 100 million bushels. U.S. soybeans also maintained a
strong foothold in the European Union with Germany importing 45
million bushels, the Netherlands shipping in 43 million bushels
and Spain accepting 19 million bushels.
To maintain and increase international demand for U.S. soy, the
checkoff is highly involved in informing overseas markets about
U.S. soybean production. The checkoff supports programs that
increase U.S. soy exports such as foreign buying teams to the
U.S. and livestock feeding demonstrations that prove the
advantages of using U.S. soybeans. Also, USB farmer leaders
travel abroad to meet with farmers, agricultural associations
and government officials to inform them about the quantity,
quality and nutritional benefits of U.S. soy.
“These numbers show the success of the checkoff and farmers
working together,” says Vicki Coughlin, a soybean farmer from
Watertown, Wis., and USB director.
U.S. soybean farmers support the export of their products
through their soybean checkoff. The checkoff is involved in
programs to keep trade channels open and develop new
relationships. The communication and education efforts of the
soybean checkoff have proven most fruitful in keeping U.S. soy
in over 80 countries worldwide. Checkoff funding used to support
international marketing is matched with funds from the United
States Department of Agriculture’s Foreign Agricultural Service
(FAS).
Sources: USDA’s FAS and U.S. Soy Export Council consultant
John Baize.
USB is made up of 68 farmer-directors who oversee the
investments of the soybean checkoff on behalf of all U.S.
soybean farmers. Checkoff funds are invested in the areas of
animal utilization, human utilization, industrial utilization,
industry relations, market access and supply. As stipulated in
the Soybean Promotion, Research and Consumer Information Act,
USDA’s Agricultural Marketing Service has oversight
responsibilities for USB and the soybean checkoff. |
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