Mankato, Minn.—Minnesota soybean farmers looking to diversify their operations or take advantage of market opportunities will want to participate in one of two upcoming informational meetings. The Minnesota Soybean Growers Association (MSGA) is hosting two sessions highlighting the growing opportunities for farmers to produce food-grade soybeans.
“Foreign demand for food-grade soybeans is increasing very rapidly every year, especially in China and Southeast Asia,” says Keith Schrader, a farmer from Nerstrand and chair of Minnesota Soybean’s Market Development team. “At this point, China raises all their own food-grade beans, but they’re outstripping their production capabilities. Within the next year or two, they’re likely to become a bigger player, along with all the other countries we’re already selling to. We are also seeing increased domestic demand for these soybeans.”
Food-grade soybeans have been produced in Minnesota for years, but growing demand is encouraging farmers to take another look at the potential.
“We really encourage people who have never considered growing food-grade varieties to give it a look,” adds Minnesota Soybean Director of Marketing Programs Sam Ziegler. “But we also want farmers who over the years may have looked into food-grade beans to re-examine the possibilities because things have changed.”
The sessions, held in conjunction with the Minnesota Soybean Research & Promotion Council (MSR&PC) and the Midwest Shippers Association, will feature information on market opportunities, seed selection, production, crop insurance, contracts and more.
These free sessions will be held:
July 31, 2014
9 a.m. to 4 p.m.
South Central College
August 19, 2014
9 a.m. to 4 p.m.
Courtyard by Marriott
“With the increased demand and the need for increased profitability on Minnesota soybean farms, we put together these informational meetings so people can learn more about this market,” Schrader adds.
For more information or to register, visit www.mnsoybean.org.