U.S. soybean farmers are working with Spanish animal industry organizations to share their knowledge in soybean feed and to work to promote U.S. soy. The United Soybean Board and soybean checkoff are participating in a Joint Industry Development Agreement, which will lay the groundwork for future cooperation between U.S. soybean farmers and the Spanish livestock industry.
The agreement has been signed by USB representatives, the U.S. Soybean Export Council, the American Soybean Association – International Marketing, the Spanish Feed Compounders Confederation, la Universidad Politecnica de Madrid and the Fundación Española para el Desarrollo de la Nutrición Animal. These organizations have entered into this agreement to facilitate the growth of U.S. soybean exports, while assisting processors and users in Spain.
“This partnership will benefit U.S. soybean farmers as well as Spanish agriculture,” says Terry Ecker, USB International Marketing chair and soybean farmer from Elmo, Mo. “By openly sharing our knowledge of agriculture with these organizations, we open a better position for U.S. soy in Spain.”
The first step in this partnership will be to form an advisory board consisting of market development experts in the feed sector. The agreement itself will focus mainly on building mutual benefit not only in marketing, but also in technical issues that will be crucial for the growth of the Spanish feed industry. One such technical issue that will be disseminated through research sharing is soy inclusion rates in animal feed.
This is not the first time that soybean checkoff farmer-leaders have worked to educate foreign markets to incorporate soy into feed and food markets. A joint effort of the soybean checkoff and the American Soybean Association is under way in India to increase the use of domestically grown soy in hopes of decreasing Indian soy exports and beginning U.S. imports. India’s population is expected to exceed China’s by 2040, making it an extremely promising new market for U.S. soybean farmers.
Source: United Soybean Board