Awake at the Wheel

Domestic Fuel covers the action:

Jack Reed from Washington County said the soybean is a perfect example of how farmers can produce both food and fuel, “When you take the oil out of the soybean you will have 80% of the soybean left which is meal.” From that meal, you can make livestock feed and a variety of human food needs. Reed said it is not an either or situation.

Indiana USB representative Jim Schriver said, unlike ethanol, very little of soybean production is going into fuel production, “Only about 2% of our soybean production goes into fuel production.” He said the real issue is the price of oil. Not only is the high price of oil causing energy prices to rise, but it has caused a dramatic increase in soybean oil demand.