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Soybean Facts
Soybean prices are above $11 per bushel - the highest it’s been since 1973.
Asian markets are a major buyer of U.S. soybeans. In 2006, Japan purchased $863 million of U.S. soybean and product exports. (Soystats.com)
Domestically, soybeans provided 75 percent of the edible consumption of fats and oils in the United States. (Soystats.com)
As consumers demand healthier food products, Roundup Ready 2 Yield will serve as a platform for next-generation soybean technologies, including enhanced oil products
Roundup Ready soybeans were first introduced to U.S. soybean farmers in 1996. Today, the in-the-seed technology is widely used by farmers throughout the world to simplify their weed control practices.
Since its introduction, the Roundup Ready system has enabled farmers to adopt conservation tillage practices, which has helped reduce or eliminate tilling as a practice to control weeds. This reduction in tillage has reduced prevented the release of more than 22 billion pounds of carbon dioxide into the atmosphere – equivalent to removing 5 million cars from the road for one year.
It has also helped reduce soil erosion by 1 billion tons, and the need for pesticide active ingredient dropped by 62 million pounds in 2006.
And, it has helped decrease on-farm fuel use by 475 million gallons in the past decade.
Monsanto’s Roundup Ready crops result in significantly better weed control which is a major reason for the growing practice of no-till agriculture (used on more than 62 million acres in the U.S. alone) and its carbon dioxide reduction benefits.
