Post on 23-Dec-2015
transcript
Bill Allison, Soybean ProducerSeptember 15, 2005
From Cooking oil to Car seatsChanges in Soy Utilization and Opportunities for Halton Region
Soybeans in Canada
• Ontario grows over 80% of the Canadian production
• Soybean is the most economically important and prominent crop in Ontario
• Climate, skill, and experience of the industry result in soybeans of the highest quality
2004 Ontario soybean statistics
Area harvested
(acres)
Average
Yield (bu/ac)
Production ('000 bushels)
Production('000 tonnes)
Ontario 2,300,000 39.6 91,000 2,476.6
Halton Region
22,700
(0.9%)
33.0 740
(0.8%)
20.1
(0.8%)
Soybean distribution
• About 1/3 of production is exported• Remainder are commodity beans for crushing
Specialty soybeans
• Exported beans and those for traditional food uses are produced according to very specific standards of Identity Preservation (IP)
• In IP, Canada is recognized as the world leader based on our superior:– Farm management– Handling infrastructure– Soybean breeding and development program
Commodity soybeans
• Beans that remain in Canada are typically crushed to produce meal and oil
• Demand for a protein source for livestock actually requires meal to be imported
• Oil is typically used in food, and is the prominent vegetable oil in North America
Changing the status quo
• Depressed prices for commodity beans
• Industry looking for new uses and opportunities to add value domestically
0
20
40
60
80
100
120
140
160
180
1970 1975 1980 1985 1990 1995 2000 2005
Pu
rch
asin
g p
ow
er
(197
1 $/
acre
)
Purchasing power
Regressed value
Oil Meal
Edible Oil:•Vegetable oil•Margarine•Ingredients
– Lecithin– Sterols– Vitamin E
LivestockFeed:
Soyfoods: •Full flour•Tofu•Soymilk•Soy dairy •Soy sauce•Okara
Bioproducts:•Biodiesel•Lubricants•Plastics•IntermediateChemicals•Fatty acids
Edible:• Ingredients – flour – concentrate– isolate– TVP
New foods with soy:•Modern meat analogues•Nutrition bars/ drinks•Cereals•Bread and baked goods•Pasta
Typical uses
Advancing uses!
Traditional food use
SoybeansSoybeans
Support new demand for soy• Soy protein as a food ingredient
• Soy oil based bio-products
Protein price
Health benefits
Functionality
Where the price is better vs. petroleum based products
Equal functionality
Buyer interest / demand
Evolving Soybean Utilization
2002 2020
Soy flour ingredients
Enzymes
Bio-chemicals
Soyfoods
Seed Production
Export Other
Food Grade Export W. Europe
Food Grade Export Asia
Commodity Crush
Capturing Value of Change
We will capture this value by building on our advantages:
1. Superior IP system2. Global perceptions of Canada3. Superior products4. Nearness to markets
Opportunity for Companies…
…with a strategic vision of what is possible
…that see the future of food and/or industry
…interested in power of the bean
…that recognize the advantages of Ontario
…that aggressively build on our strengths
Researchers
Farmers
Handlers Manufacturers
Distribution
Consumers/Buyers
Value Added Processing
Interested?
Ontario Soybean Growers
www.soybean.on.ca
Soy 20/20
www.soy2020.ca