Leading off a press conference during Commodity Classic for the United Soybean Board was Vanessa Kummer, Chair. The topic was Consumer and Food Safety Costs of Offshoring Animal Agriculture (pdf). This is a Soybean Checkoff funded study. Also pictured on stage are Lewis Bainbridge, USB Director (seated) and André Williamson, Agralytica, (standing) the company that conducted the study.
Paying more for food may not be out of the question for consumers if regulations on the U.S. poultry and livestock sectors increase. In fact, consumers could pay up to $16.8 billion more annually for meat, milk and eggs if regulations are imposed on U.S. poultry and livestock farmers that raise input costs by 25 percent.
The Consumer and Food Safety Costs of Offshoring Animal Agriculture, a recent soy-checkoff-funded study, evaluated current U.S. supply and demand for poultry and livestock products and the impact of regulations on retail price. The study indicates that potential regulations could raise consumer costs. For example, requiring cage-free housing for laying hens would increase the cost of eggs from $1.68 to $2.10 per dozen, a total cost of $2.66 billion per year to U.S. consumers.
“This could have a big impact on everyone – it’s not just that dozen eggs you and I buy at the grocery store,” explains Vanessa Kummer, a soybean farmer from Colfax, N.D., and chair of the United Soybean Board (USB). “As Americans, we have abundant, nutritious and affordable food choices that rely heavily on protein from animals, and, as farmers, we continue to work hard on improvements because we share consumers’ concerns for our country’s land and resources, and the quality of America’s food.”
The report cites increased regulations that could drive up costs of production meat, milk and eggs by anywhere from 10 percent to 25 percent. It shows that a 25 percent increase in costs to animal agriculture would reduce U.S. exports by $1.1 billion and cause nearly 9,000 Americans to lose their jobs.
Listen to or download the USB press conference here: United Soybean Board Press Conference
2012 Commodity Classic Photo Album
Coverage of the 2012 Commodity Classic Show is sponsored by BASF and New Holland
The 
The final session of the 
The vision of 
The weather is fabulous in Seattle this weekend, but directors of the 
While all the USB directors I have featured so far are from Illinois, there are directors outside of the Midwest! One of them is Jacob Parker from North Carolina who says the export market for US soybeans is critically important for the industry, accounting for over half the production nationwide.
The whole purpose of the 
Participants in the 
One of the many 
The first ever 
Jim says this the first meeting in a series to plan out projects for FY 2013. “So this is the first meeting to gather industry and regional inputs, then we’ll be working on strategy, and finally we come together and get final approval for all the projects we come up with,” Jim said. “That’s about a six month process and this is step one in the process.”
This morning Dave Russell, Brownfield Network (right), moderated a 
As the president of China was flying in for a quick visit to the Windy City on Thursday, representatives from China’s 10 largest soybean crushers were signing agreements to purchase 110 million bushels of U.S. soybeans during a ceremony held in Chicago. The purchase is worth $1.8 billion and more bushels are expected to be committed tomorrow. A similar purchase agreement ceremony in 2008 was largest reported single-day export sale of U.S. soybeans in history, but this buying event – which may be larger – was split into two days.
You may recall the