Missouri Soybean Facts

Transcription

1 Missouri Soybean Facts $1,929,659,800: Five-year average value of Missouri soybean production between 2006 and 2010 a Top Soybean Production Regions, 2010 a Rank United States Rank Missouri Counties 1 Iowa 1 Audrain 2 Illinois 2 Saline 3 Minnesota 3 New Madrid 4 Nebraska 4 Stoddard 5 Indiana 5 Nodaway 6 Ohio 6 Mississippi 7 Missouri 7 Atchison 8 South Dakota 8 Lafayette 9 North Dakota 9 Pemiscot 10 Kansas 10 Carroll 1 bushel of soybeans produces 1.5 gallons of soy oil AND 48 pounds of soybean meal, which supplies 21 pounds of protein animal feed. Industrial uses of soybean are inks, plastics, solvents and biodiesel. Missouri Harvested Acres a Yield a Average Annual Price a Record High 5,800,000 acres in bushels per acre in 2004 $12.10/bushel in 2010 Record Low 44,000 acres in bushels per acre in 1936 $0.60/bushel in Year Average 5,000,000 acres 39.7 bushels per acre $9.60/bushel

2 Soybean Production in Missouri Soybeans originally were grown as a forage crop. They began to be a popular row crop in the 1940 s and continued to increase in acreage until the 1980 s. While many states have a regular soybeans following corn rotation, Missouri farmers grow more soybeans following soybeans. Soybean sales have often exceeded 1 billion dollars a year. Soybean Acres Harvested a Soybean Prices ($/bushel) a Soybean Yields (bushels/acre) a Value of Production a

3 Soybean Production Efficiency Missouri soybean yields have increased about 1/3 bushel per year. Like the rest of the U.S., almost all soybean production in Missouri uses herbicide tolerant seed varieties. Pesticide used to produce soybeans has been variable with no clear trend over time. Soybean Yields (bushels/acre) a Pesticide Usage c Herbicide-Tolerant-Only Varieties of Soybean b Fieldwork d

4 2011 Soybean Crop Budget e Soybeans Yield/ ac. 50 bu. Market Price/Bu. $10.00 Estimated Income/ Acre Crop income (yield x price/bushel) $ Net Payments (fixed) Estimated Total Income / Acre $ Estimated Operating Costs/ Acre Seed $49.87 Fertilizer and soil amendments Crop protection chemicals 6.40 Crop supplies, storage, marketing 1.00 Crop insurance and consulting Custom hire and rental -- Machinery fuel, drying, and irrigation energy Machinery and repairs and maintenance Operator and hired labor Operating 8.50% x ½ year 5.20 Total Operating Costs/ Acre $ Estimated Ownership Costs/ Acre Farm business overhead $4.50 Machinery overhead Machinery depreciation Real estate charge Total Ownership Costs/ Acre $ Estimated Total Costs / Acre $ Income over Operating Cost/ Acre $ Income over Total Costs/ Acre $ Operating costs/ bushel $3.30 Ownership costs/bushel $3.53 Total costs/bushel $6.83 U.S. Grades and Grade Requirements for Soybean f Grade Minimum test weight Maximum limits of: Damaged kernels Broken and foreign Heat damaged kernels Total material U.S. No % 2.0% 1.0% U.S. No % 3.0% 2.0% U.S. No % 5.0% 3.0%

5 Major Uses of Soybeans in Missouri Crushing facilities in MO Crushing facilities take whole beans and process them to make soy oil and soybean meal. Most of the soybean meal is used as animal feed but some is used for human foods. The soy oil has many food and industrial uses. The map below shows the location of major (not all) soybean processing facilities in Missouri. Soybean Processing Facilities, 2010 h Biodiesel facilities in Missouri i Not all biodiesel facilities in Missouri are operating. The facilities listed below were constructed or under construction in 2010 but may or may not be operational. Go to the National Biodiesel Board for a more up-to-date list of biodiesel plants. Company City Annual Production Capacity Operating Since Global Fuels, LLC Dexter, MO 3,000,000 April 2007 High Hill Biodiesel, Inc. High Hill, MO 5,000,000 July 2007 Mid America Biofuels, LLC Mexico, MO 30,000,000 Dec Missouri Better Bean Bunceton, MO 15,000,000 August 2004 Missouri Bio-Products, Bethel, MO 2,000,000 June 2006 Inc. Natural Biodiesel Plant, LLC Hayti, MO 5,000,000 April 2007 AGP St. Joseph, MO 29,000,000 Sept Great River Soy Processing Coop. Lilbourn, MO 5,000,000 October 2007; closed April 2008 Prairie Pride Deerfield, MO 30,000,000 December 2007 American Energy Tina, MO 50,000, Producers, Inc. ME Bioenergy LLC Lilbourn, MO 5,000,000 July 2010 Paseo Cargill Energy LLC Kansas City, MO 37,500,000 April 2008 Producers Choice Soy Moberly, MO 5,000,000 June 2009 Energy LLC Terra Bioenergy, LLC St. Joseph, MO 30,000,

6 Soybean Checkoff Program Soybean producers pay 0.5% of the value of soybeans sold to a mandatory checkoff program. This money is used to advance soybean marketing, production technology and the development of new uses j. Checkoff Revenues j

7 Missouri County Yields ( ) a Average Maximum Minimum Yield Yield Yield County (bu/ac) (bu/ac) Year (bu/ac) Year Adair Andrew Atchison Audrain Barry Barton Bates Benton Bollinger Boone Buchanan Butler Caldwell Callaway Cape Girardeau Carroll Cass Cedar Chariton Clark Clay Clinton Cole Average Maximum Minimum Yield Yield Yield County (bu/ac) (bu/ac) Year (bu/ac) Year Cooper Dade Dallas Daviess De Kalb Dunklin Franklin Gasconade Gentry Greene Grundy Harrison Henry Hickory Holt Howard Jackson Jasper Jefferson Johnson Knox Laclede Lafayette Lawrence

8 Average Maximum Minimum Yield Yield Yield County (bu/ac) (bu/ac) Year (bu/ac) Year Lewis Lincoln Linn Livingston Macon Madison Maries Marion Mercer Miller Mississippi Moniteau Monroe Montgomery Morgan New Madrid Newton Nodaway Osage Pemiscot Perry Pettis Phelps Pike Platte Polk Average Maximum Minimum Yield Yield Yield County (bu/ac) (bu/ac) Year (bu/ac) Year Pulaski Putnam Ralls Randolph Ray Ripley Saline Schuyler Scotland Scott Shelby St. Charles St. Clair St. Francois St. Louis Ste. Genevieve Stoddard Sullivan Vernon Warren Wayne Webster Worth

9 Other Types of Soybeans g Low Linolenic Soybeans When processed low linolenic soybeans produce less than half the level of linolenic acid than traditional soybeans. This reduces the need for further processing which increases the level of trans fats. Non GMO Soybeans Non-GMO (genetically modified organism) can include any soybeans that have not genetically modified through biotechnology. Growers may be able to sell non-gmo soybeans at a premium to buyers Information Sources: a USDA NASS (used total production in bushels to determine rank) b USDA ERS c USDA ERS d USDA NASS ndex.asp e University of Missouri Food and Agricultural Policy Institute Source: f USDA GIPSA g University of Illinois h 2010 Soya & Oilseed Bluebook i National Biodiesel Board j Soybean Checkoff