ST. LOUIS -- Each year the United Soybean Board and soybean checkoff partner with industry leaders to develop new soy-based products that aim to bolster the U.S. soybean farmer's bottom line.
This year, 22 new soy-based products were introduced from various manufacturers thanks to the support of the soybean checkoff. These developments enable soybean farmers to gain access into new markets, including plastics, lubricants, coatings, printing inks, adhesives and other specialty products.
"This is another huge year for soybean farmers in the industrial market," says Todd Allen, USB's New Uses Committee Chair and soybean farmer from West Memphis, Ark. "The soybean checkoff's efforts to partner with large industry are vital to building new demand for soybeans and communicating the benefits of new soy products to the consumers."
One company that continues to partner with the checkoff, increasing the use of soy in its product lines, is Ashland Chemical. This past year, Ashland Chemical introduced five new lines of soy resins under the ENVIREZ name. The new line of soy resins will be incorporated into applications such as the new model tractor hoods for both John Deere and Case New Holland.
"By utilizing pull-through marketing, the checkoff becomes the catalyst for a project by providing the initial funding," says Allen. "This allows corporate partners to invest in projects they otherwise might not have been able to justify funding."
The Ford Motor Company and the soybean checkoff have been working together for the past three years, and efforts are beginning to come to fruition. Ford has announced a breakthrough in soy-based polyurethane foams -the primary substance that makes up a vehicle's seat cushions, seat backs, armrests, and head restraints.
Other examples of soy-based technology created this year include the following products:
For more information on USB, the soybean checkoff and soy-based products, visit the Soy Products Guide online at www.unitedsoybean.org/newuses.
USB is made up of 64 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 Customer Information Act, USDA's Agricultural Marketing Service has oversight responsibilities for USB and the soybean checkoff.
SOURCE: United Soybean Board news release.