The Soybean Secret: This Little Bean Yields Big Profits
With the value of farmland quadrupling over the past 10 years, it seems there’s no better time to make an investment in agricultural land. Whether you’re an investor or a small to mid-sized farmer, buying land provides a wealth of opportunities. One of the best ways to reap short- and long-term financial rewards from the land is to grow a crop that has many uses, such as soybeans. Soybeans are primarily a food source, a core asset for investors as the demand for food continues to increase worldwide, in turn increasing the value of the land it’s grown on. However, soybeans have even more uses than traditional food crops, making them a particularly lucrative investment.
Soybeans Can Do More Than You Think
The true value of soybeans lies in their versatility. Roughly 70% of all U.S. soybeans are grown to feed animals around the globe. Beyond that, soy is also used to make tofu, tempeh, and soymilk, all of which continue to gain mainstream popularity as people are consuming less meat in favor of plant-based protein sources. Soybean oil is not only the most popular cooking oil around the globe, but it’s also becoming an increasingly common additive in biodiesel fuels. It’s also a primary ingredient in lubricants for cars, crayons, hydraulic fluids, adhesives and solvents.
Consider The Soy Candle Market
Another use for soybeans that’s growing in popularity is candle production. It may seem like a niche market, but the demand for candles and the raw materials needed for candle production is growing worldwide. On top of that, consumers are also calling for longer-lasting, eco-friendly, and safer alternatives to traditional wax candles. Soy candles are a natural choice because they meet all of the criteria the market demands. So growing soybeans and selling them to candle manufacturers represents multiple ways to cash in on growing market trends.
Soybean Crops Are Seriously Strong
Soybeans are also a heartier crop than other beans and vegetables. Soybeans can handle most weather conditions and adapt to periods of heavy rain or excessive dryness. They also have natural anti-weed properties that can help with your overall weed management strategy. Finally, soybeans fix their own nitrogen, which means lower fertilizer costs than with other crops.
Buying land to grow soybeans is a worthwhile investment. Whether you grow soybeans to sell for feed, fuel or candles, the growth potential is substantial because of the versatility of the crop.
By Karoline Gore
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