International market development is crucial to the future of U.S. soybean farmers. About every other row of soybeans is exported; therefore, overseas markets play a big role in soybean farmers’ profitability.
U.S. soy has the fewest trade barriers among all world agriculture exports, allowing soybean exports to have more access than other commodities. The U.S. soybean industry has taken advantage of that access. Total U.S. soybean exports have doubled since 1984, from nearly 598 million bushels to more than 1.6 billion bushels in 2013. China is our biggest customer, spending more than $13 billion on U.S. soy in 2013.
The Kansas Soybean Commission works with the national soy checkoff to promote U.S. soybeans in international markets.