November 07, 2024

Soy checkoff invests in future of soybean meal exports

Interdependent relationship

Gary Berg, farmer from St. Elmo, Illinois, and United Soybean Board director and USB Health and Nutrition Priority Area coordinator, signs the investment check that will allow the Port of Grays Harbor in the Pacific Northwest to double its soybean exports.

ABERDEEN, Wash. — A step toward enhancing infrastructure in the Pacific Northwest is officially underway thanks to a soy checkoff investment from the half-million U.S. soybean farmers.

On July 30, the United Soybean Board along with the Soy Transportation Coalition, Iowa Soybean Association, Kansas Soybean Commission, Nebraska Soybean Board, North Dakota Soybean Council and South Dakota Soybean Research and Promotion Council presented an investment check totaling $1.3 million.

Scheduled to be operational in early 2026, this partnership will not only allow the AGP Processing terminal to double its soybean meal exports from 3 million to 6 million metric tons, but also open up new opportunities in international trade markets for U.S. soybean meal.

Midwest Impact

The Port of Grays Harbor is set for a significant upgrade with $400,000 being invested in the Port of Grays Harbor Terminal 4 Expansion and Redevelopment Project. This funding will cover research, analysis and design costs for the terminal located in Aberdeen.

April Hemmes

The expansion is expected to have a substantial impact on international exports.

“This upgrade matters because our checkoff investments will improve and increase the capacity of Port of Grays Harbor, a place moving our soybeans more quickly out into the world and doing greater good for every life, every day,” said April Hemmes, Iowa farmer and USB Demand Action Team chair.

The relationship between farmers and infrastructure is deeply intertwined.

“There is an interdependent relationship between the infrastructure in places like the Port of Grays Harbor and farmers located in the middle of the country,” said Mike Steenhoek, executive director of the Soy Transportation Coalition.

The enhancements made at the port will directly influence farming operations in the Midwest, and vice versa.

The combined forces of farmers and infrastructure advancements result in greater economic stability, increased demand and expanded market opportunities.

AgriNews Staff

AgriNews Staff

The Illinois AgriNews and Indiana AgriNews staff is in the field each week, covering topics that affect local farm families and their businesses. We give readers information they can’t get elsewhere to help them make better farming decisions.