2001 Soy Stats

The SoyMark trademark serves as a guide to the wholesome goodness of SOYOIL. The SoyMark symbol assures that the foods on which it is displayed are prepared with a blend of low saturated fats that are at least 80% SOYOIL.
The SoySeal trademark is used to easily identify industrial products made with SOYOIL. When you see this red, white and blue oil droplet, you know the product uses SOYOIL... a renewable, U.S. grown product.

Farm Bill Summary

The American Soybean Association (ASA) called for new Farm Bill legislation with specific recommendations to address the "unfinished agenda" of the 1996 Farm Bill. The economic and trade environment of U.S. agriculture needs to be changed to reduce production costs and enhance the competitiveness of U.S. farm exports. ASA identified the following areas that must be addressed:
  • Agricultural trade must be given the same weight in U.S. economic and foreign policy decisions as accorded by our primary international competitors and customers.
  • Export assistance and promotion programs authorized by the WTO must be fully and aggressively utilized, as our competitors do.
  • Ineffective unilateral economic sanctions that discredit U.S. reliability as a supplier and encourage our competitors to expand production and exports must be rescinded and prohibited.
  • Funding for U.S. humanitarian assistance programs must be increased and maintained at a level that reflects the United States' responsibility to enhance societal, economic, and political stability in developing countries.
  • An effective case must be made for modernizing the U.S. transportation infrastructure, including the lock and dam system on the Mississippi and Illinois Rivers.
  • Barriers to U.S. farm exports based on non-scientific standards, including restrictions on biotechnology trade, must be challenged and overcome.
  • Funding for agricultural research must be restored and increased.
  • Unnecessarily onerous regulations that increase agricultural production costs must be either compensated or eliminated.

In addition to establishing conditions that will foster a competitive environment for U.S. agriculture, ASA supports domestic farm programs that are equitable and balanced among all loan-eligible crops that can be planted on the same cropland on a farm.

ASA supports full and unrestricted planting flexibility, continuation of non-recourse marketing loans, no statutory authority to impose set-asides, and no authority to establish government or farmer-owned reserves for oilseeds. In addition, ASA opposes any limitations on marketing loan benefits, fixed income payments, or any counter-cyclical income support payments.

ASA supports maintaining current oilseed loan rates for 2002 crops, and setting these rates as floors rather than ceilings under the next farm bill. The formula for adjusting loan levels to 85 percent of Olympic average prices in the previous five years should be retained, and discretion should be provided to the Secretary to set loan levels above the floor when prices warrant.

The next Farm Bill should provide voluntary incentive payments to encourage improved conservation practices, increased funding for export promotion and assistance programs, and for foreign food assistance. Food aid should be based on a minimum annual tonnage commitment, which should not be subject to variations in production and the availability of surpluses.

For more information, visit SoyGrowers.com.

 

The 2001 edition of Soy Stats Online is sponsored by
the United Soybean Board and Dow AgroSciences.

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