Facing lower soybean cash prices this year, farmers are looking for opportunities to add to their bottom lines. Growing identity-preserved (IP) soybeans is one option for additional profit opportunities, but the costs can seem overwhelming to farmers thinking about getting started.
The U.S. soy industry-led board QUALISOY developed a calculator that can help farmers determine how much profit they can add by growing IP soybeans, including high oleic varieties.
The calculator, based on a Purdue University study, helps farmers navigate the typical steps required to produce and segregate IP soybeans and gives them an estimate of added profit potential. The United Soybean Board’s Value Task Force funded the study.
This calculator, available for use on https://soyinnovation.com/inputs-handling/, also gives a quick look into the limited costs associated with growing IP or high oleic soybeans.
Source: NAFB News Service