Biofuels will play a major role in the soybean industry for the next 10 to 15 years under the United Soybean Board’s Soy 2020 released Friday morning at the Commodity Classic in Tampa, Florida.
The objective of Soy 2020 was to “create a vision for the future of U.S. soybeans that would be a complete collaboration and that would ultimately drive success for soybeans despite what the future may hold.” In addition to the USB, the project included support from Monsanto, Deere and Company, the National Oilseed Processors Association and Farm Credit Council.
According to the Soy 2020 Vision, the soybean value chain should promote soy health and nutrition benefits, environmental sustainability and technology safety to global consumers of food, fuel and feed, as well as support the viability and growth of animal agriculture, renewable energy and other soy-consuming industries.
“The continued population growth and growing economic status will provide many challenges and opportunities in the future,” says Don Borgman, director of Agricultural Industry Relations for John Deere’s North American operation. “The U.S. soybean industry can take a leadership role in feeding a hungry world and providing energy to sustain global economic growth.”
You can listen to an interview with Don Borgman here: Don Borgman Interview (6 min MP3)