Illinois Soybean Assn. QualiMap Helps Producers See Impact of Soybean Composition on Profitability
Date Posted: May 17, 2013
Bloomington, IL—The Illinois Soybean Association (ISA) has released its QualiMap Toolkit; a new online tool that allows Illinois soybean farmers to see and better understand the impact soybean composition (protein and oil) can have on their profitability and the Illinois soybean industry.
The ISA QualiMap, which is funded by the Illinois soybean checkoff, uses data from the 2012 crop year to show how soybean protein and oil levels for each of the U.S. Department of Agriculture’s (USDA) nine Illinois Agricultural Statistical Districts (ASDs) compare.
Farmers can review data and charts for their own ASD -- also referred to as crop reporting districts -- to the industry target of 35 percent protein and 19 percent oil.
The toolkit also includes a chart that compares each district’s averages, breaking down values for both soybean meal and oil to provide the Estimated Processed Value (EPV).
The EPV represents the total value of the end products in one bushel of soybeans.
"ISA is excited to offer this informative tool to growers and industry partners as it will help identify areas of compositional excellence in Illinois soybeans and those that need improvement.
"Increasing composition quality is vital to our continued success as a leading soybean producer," says Rowen Ziegler, soybean farmer from LaHarpe, Ill., and ISA Production Committee Chair.
Ziegler says that for Illinois to remain competitive in the global marketplace, high composition soybeans must contain the optimal industry-demanded component levels – 19 percent oil and 35 percent protein.
South American soybeans have consistently higher protein and oil levels than U.S. soybeans.
"If we don’t deliver," continues Ziegler, “buyers will go elsewhere for the soybeans they need or they will consider purchasing competing products for human food and animal feed applications, including canola oil, dried distillers grains (DDGS) and synthetic amino acids."
To learn more about soybean compositional value and to gain access to the ISA QualiMap Toolkit, visit http://www.ilsoy.org/isa/composition/qualimap-tool-kit/.
The complete report, including methods and testing, for the state of Illinois, also can be accessed from the website.
For more information, call 309-663-7692.