home news forum careers events suppliers solutions markets expos directories catalogs resources advertise contacts
 
Market Page

Market data
Market data sources
All Africa Asia/Pacific Europe Latin America Middle East North America
  Topics
  Species
 

Farmers eye growing U.S. soy’s third-largest export market - Checkoff helps mark 50th anniversary of Japan’s oilseed industry


St. Louis, Missouri, USA
May 10, 2012

More than 75 million bushels of whole U.S. soybeans made their way to Japan last year, thanks to strong demand for quality soy. Next week, a delegation of U.S. soybean farmers representing the United Soybean Board (USB), the American Soybean Association (ASA) and the U.S. Soybean Export Council (USSEC) plan to honor the 50th anniversary of the Japan Oilseed Processors Association (JOPA). The organization has worked with U.S. soybean farmers to meet demand for U.S. soy in Japan.

Today’s strong trade relations with Japan started in 1956, when a team of representatives of the Japanese soy industry visited the United States. Ever since, JOPA, which represents 20 Japanese oilseed processors, has been a key ally for the U.S. soy industry. Today, nearly 70 percent of Japanese soybean imports originate from the United States.

“Japan has grown to be one of our most valued customers,” says Vanessa Kummer, USB chair and a soybean farmer from Colfax, N.D. “Because customers in Japan serve as one of our largest markets abroad, soy ranks as the top U.S. agricultural export and makes a large net contribution to the U.S. agricultural trade balance. The soy checkoff, along with my fellow farmers representing ASA and USSEC, mark this very symbolic milestone with our Japanese customers and remain committed to meeting their soy needs.”

“Japan’s oilseed processing sector has long been a trusted partner for American soybean farmers,” says ASA First Vice President Danny Murphy, a soybean farmer from Canton, Miss. “The American Soybean Association opened its first overseas international market development office in Japan in 1956, and U.S. soy exports to Japan have grown to more than $1 billion annually today. We are honored to join our Japanese counterparts and colleagues in celebrating the accomplishments of the Japanese Oilseed Processors Association as it celebrates its 50th anniversary, and we look forward to continuing the Japanese-American partnership.”

“Our partnership with the Japanese crushing industry, which is the third largest buyer of U.S. soybeans, is stronger than ever,” says Roy Bardole, USSEC chairman and soybean farmer from Rippey, Iowa. “U.S. soy farmers take the relationship with JOPA very seriously. We are committed to do what we can to ensure another 50 successful years as their partner.”

Prior to formal recognition marking JOPA’s anniversary, the U.S. group plans to visit a soy processing plant and feed mill at a major port near Tokyo.

The 69 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.
 



More news from: United Soybean Board (USB)


Website: http://www.unitedsoybean.com

Published: May 10, 2012

 
 

Better Food Venture's
AgTech Landscape 2019

 

 

2019 THRIVE Top 50
landscape map

 

Concentration in Seed Markets - Potential Effects and Policy Responses

(OECD December 2018)
 

Visualizing Consolidation
in the Global Seed Industry
1996–2018

Seed Industry Structure
1996-2018

Phil Howard
Associate Professor
Michigan State University


 

2017 Seed Company Family Tree
Ccreated Septebmer 2017
by Robert Walsh
WaSoo Farm, Elk Point, South Dakota

Syngenta Brands Family Tree
Ccreated January 2017 by Robert Walsh, WaSoo Farm, Elk Point, South Dakota

 
Rabobank's
World Vegetable Map 2018

 

 


Archive of the MARKETS section

 

 

 


Copyright @ 1992-2024 SeedQuest - All rights reserved