Farms.com Home   News

United Soybean Board Working To Change How Soybeans Are Priced

The chairman of the United Soybean Board (USB) says Checkoff dollars are being used to reinvent the price structure of soybeans to reward quality over quantity. Northwest Ohio farmer John Motter tells Brownfield growers have been forced to work within a system that prefers supply over demand, which is a major reason for the slumping ag economy. "We need to start doing things in our industry that improves the quality ... (245 words)
 
The chairman of the United Soybean Board (USB) says Checkoff dollars are being used to reinvent the price structure of soybeans to reward quality over quantity. 
 
Northwest Ohio farmer John Motter tells Brownfield growers have been forced to work within a system that prefers supply over demand, which is a major reason for the slumping ag economy. 
 
"We need to start doing things in our industry that improves the quality of the product that we are producing, and in turn we want to be paid for a better quality product." 
 
He calls soybean farmers price takers instead of price makers, but a new strategic vision placing more emphasis on oil and protein content has the potential to change that. 
 
"We are engaged in a meal enhancement product. We are working with the technology companies so that we know that we can be successful in doing that." 
Click here to see more...

Trending Video

Wheat Futures Head for the Moon on Escalating Drought Concerns

Video: Wheat Futures Head for the Moon on Escalating Drought Concerns


???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.