GETTING THE MOST FROM INDIANA SOYBEANS
Where do soybeans go after they’ve been harvested? Indiana soybean farmers have options — such as on-farm storage, county elevator, container yard, barge terminal, biofuel processing plants, shuttle elevator … the list goes on. This makes the need for reliable rural infrastructure, exports, and methods of transportation central to the success of soybean farmers in our state.
Indiana is considered America’s crossroads. That means our state experiences an enormous amount of cross-continental agriculture-related transportation, and so a solid infrastructure is critical to the economic vitality of our state.
With our highways, railroads and waterways, Indiana is positioned to be a leader in delivering soybeans and soy products to customers within state borders, throughout the country and across the world.
What’s the benefit? With 65 million bushels of soybeans exported out of the state in 2021, ensuring those markets — both domestic and international — remain viable is the focus of the Indiana Soybean Alliance. According to a 2019 United Soybean Board Study, international promotions alone have provided a return of $17.85 for every checkoff dollar invested.
From working to identify value-added opportunities and resources for Indiana soybean farmers to funding research that addresses the importance of transportation infrastructure to agriculture, ISA is committed to keeping Indiana’s soybean industry viable.
ISA Export Partnerships
ISA partners with several organizations in order to ensure Indiana is well represented in the global soybean market.
The USDA Foreign Ag Service is charged with providing assistance to buyers and sellers of U.S. agricultural products. Several programs provide funding for technical assistance, market research, consumer promotions, trade servicing and educational seminars.
The U.S. Soybean Export Council is a partnership of key stakeholders representing soybean producers, commodity shippers, identity preserved value-added merchandisers, allied agribusinesses and agricultural organizations.
The World Initiative for Soy in Human Health (WISHH) aims to provide U.S. soybean farmers with long-term trade relationships and market development by bringing the benefits of soy to developing countries. WISHH is a program of the American Soybean Association (ASA).
The USA Poultry and Egg Export Council (USAPEEC) Through its network of international offices and consultants in key markets around the globe, USAPEEC keeps current on issues that have a direct impact on U.S. poultry and egg exports, and its mission is to promote exports of U.S. poultry and eggs around the world.
The U.S. Meat Export Federation (USMEF) is a nonprofit trade association working to create new opportunities and develop existing international markets for U.S. beef, pork, lamb and veal.
- Without pork exports, Indiana soybean farmers would have lost $208 million in soybean revenue in 2019. (US Meat Federation 2020 Report. State soybean production @ $.76/bushel of avg price of $8.43/bu
- In 2019, pork exports added $0.76 to the average price of $8.43/bu, which is equivalent to 9% of soybean bushel value. (USMEF 2020)
- $58 million: the value of pork exports to Indiana soybeans in 2019
- $881 million: The projected market value of pork exports to Indiana soybeans from 2020-2029. (USMEF 2020)