Posts in Soybeans
Soy Checkoff's New Strategic Plan Brings Value to Soybean Farmers

Farmer-leaders of the United Soybean Board (USB) announced a new strategic plan that prioritizes sustainable soy solutions for global and domestic customers while ensuring value and profitability for U.S. soybean farmers. The seating of the new Chair and Executive Committee at its December meeting included appointments of the Supply and Demand Action Team leads, Priority Area coordinators and Communication & Education Committee chair, among other key roles within the organization.

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Biodiesel Offers $15B Economic Benefit

In 2020, domestic production of biodiesel alone exceeded 1.8 billion gallons, a hundredfold increase since the biodiesel tax credit was enacted in 2005. Thanks in part to the $1 per gallon tax credit, a new analysis calculates that the economics benefits of the market for biodiesel fuel fostered by the biodiesel tax credit supports 64,000 jobs and has a total impact on the economy of approximately $15 billion per annum.

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EPA Issues Report Indicating More Restrictions May Be Warranted On Dicamba Use

A new report by the Environmental Protection Agency (EPA) released Tuesday shows despite increased restrictions on dicamba, more than 3,500 issues were reported this year with dicamba drifting onto other crops. In total, EPA says more than 1 million acres of non-dicamba tolerant soybeans were reported to be damaged. However, grower groups are asking for more clarity, saying EPA's data may be riddled with gaps.

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United Just Completed First Flight Fueled by SAF, Here's Why Soybean Growers Should Take Note

As airlines work to reduce their carbon footprint, renewable diesel and sustainable aviation fuel are taking flight. Earlier this month, United Airlines successfully completed the first flight running on sustainable aviation fuel (SAF), a 100% renewable fuel made from products such as cooking oil, vegetable oil and even soybean oil.

“This an important and historic moment for global aviation,” said Scott Kirby, CEO of United Airlines, during the flight. “There's simply no battery technology, even theoretical technology, that has enough energy density that you could put enough batteries on the airplane to get an airplane this big with this many people flying this far," he said. "And so what works in a lot of other transportation industries won't work for aviation."

The sustainable aviation fuel used by United was made from sugar and corn instead of soybean oil, and analysts say the jet fuel industry could mean big business for farmers in the years ahead.

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