“Another thing we’ve worked on with production research is high-oleic soybeans. That’s a very desirable soybean, and we’ve done a lot of work and put a lot of money into research to develop that soybean.”

High-oleic soybeans produce soybean oil with traits that are more desirable to both the food industry and consumers. With lower saturated fats and no trans fats in the oil they produce, high-oleic varieties could help soybean oil win back the market share it has lost to other vegetable oils.

To help increase acreage, U.S. soybean farmers can anticipate incentives to plant high-oleic soybeans.

USDA’s final 2010 estimates concluded that U.S. farmers planted 77.4 million acres of soybeans last year and harvested 76.6 million acres. Average yield per bushel in 2010 decreased slightly from 2009, with 2010 bringing in 43.5 bushels per acre.

USB is made up of 69 farmer-directors who oversee the investments of the soybean checkoff on behalf of all U.S. soybean farmers. Checkoff funds are invested in the areas of animal utilization, human utilization, industrial utilization, industry relations, market access and supply. As stipulated in the Soybean Promotion, Research and Consumer Information Act, USDA’s Agricultural Marketing Service has oversight responsibilities for USB and the soybean checkoff.

For more information on the United Soybean Board, visit us at http://www.UnitedSoybean.org.