The protein industry is seeing more protein alternatives. In the middle of animal protein and plant-based protein is the soybean industry. The soybean industry produces soy for plant-based foods while also providing soybeans used in animal feed. Recently, Polly Ruhland CEO of the United Soybean Board spoke on Adams on Agriculture about what this means for both industries.
The big question is if there is room for both proteins. During her interview, Ruhland said U.S. protein has to be looked at from a global perspective. On a domestic level, it’s obvious the competition between plant and animal protein is heating up, but on a global scale, there is room for both as the world is going to need to feed more than 9 million people by 2050.
“We believe promoting U.S. protein as a whole, to the world is critically important. That means animal and plant protein need to work collaboratively on how we are going to strategize U.S. protein as the leader in the world market as the population grows,” Ruhland says.
There are concerns with the current trade situation that the collaborative effort U.S. protein is facing. The trade situation hindering the export of soybean and meat proteins. But Ruhland says USB believes in looking for long term investment areas for U.S. farmers.
“I think the first step is not thinking of it like sides, but thinking about it as U.S. farmers and U.S. Protein farmers, collaboratively taking on the potential in the global market in the coming years.”