March 24, 2017

Soybean Producers Catch More Value Through Aquaculture

The bulk of grain processed into animal feed is fed to animals with hooves or feathers – but rising fish consumption is drawing attention from big grain processors like ADM and folks in the commodities industries.

Archer Daniels Midland recently outlined an expansion of its Chinese animal feed-making operations, including new aquaculture feed capabilities – said to be new territory for ADM.

USB AquacultureAccording to estimates from the United Nations, farmed fish accounts for about 50% of the world supply used for food. That number is expected to grow.

Casting a wider net to increase soybean meal demand is paying off for the Soybean Checkoff. Following years of checkoff funded research, the Association of American Feed Control Officials recently authorized a new definition for the use of synthetic taurine in fish feeds.

Approving taurine from additional sources allows for more soy protein – a change that could dramatically impact farmers’ bottom lines. Demand for seafood is growing at a staggering rate.

At Commodity Classic in San Antonio, with visited with North Dakota Soybean Council CEO Diana Beitelspacher about the topic.  Take a Listen —-  Diana on Aquaculture

The United Soybean Board’s 73 farmer-directors work on behalf of all U.S. soybean farmers to achieve maximum value for the soy checkoff investments.

Soybean meal offers a high-quality, renewable protein source for many species of fish. This makes it an economical choice for fish feed manufacturers. The potential for increased soy-demand in this market will have a direct impact on the return farmers receive for their soybeans at the elevator.

USB News, ND Soybean Council, media reports

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