Biodiesel offers option for soybean growers
An updated, independent study funded by the United Soybean Board and soybean checkoff shows production of biodiesel continues to positively impact U.S. soybean farmers’ on-farm profitability as well as the bottom lines of poultry and livestock farmers.
According to the study, the biodiesel industry’s demand for U.S. soybean oil supported U.S. soybean prices by as much as 27 cents per bushel over the past five years, bringing U.S. soybean farmers an additional $2.7 billion in net returns.
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