Agricultural News
A USDA Report Recognizes the United Soybean Board as a Forward-Looking Leader in Bioproducts
Fri, 06 Aug 2021 11:13:03 CDT
On Thursday, a press release from the USB cited a USDA Rural Development report on the economic impact of the U.S. Biobased Products Industry commissioned by the USDA's BioPreferred program.
The release is as follows: The USDA Rural Development report - An Economic Impact Analysis of the U.S. Biobased Products Industry - included several recommendations developed in collaboration with the soy checkoff that provided key learnings on the sustainability and performance of soy-based products.
According to the report, the biobased products industry:
· Supports 4.6 million American jobs through direct, indirect and induced contributions.
· Contributes $470 billion to the U.S. economy.
· Generates 2.79 jobs in other sectors of the economy for every biobased job.
· Displaces about 9.4 million barrels of oil a year.
· Potentially reduces greenhouse gas emissions by an estimated 12.7 million metric tons of CO2 equivalents per year.
To read the report, click here.
For more information about United Soybean Board, visit unitedsoybean.org.
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