Soybean exports grow for Indiana

Indianapolis Business Journal | June 21, 2004| | Copyright

By the end of 2005, U.S. farmers are expected to export 1.5 billion bushels of soybeans, up from 1 billion in 2003 and 557 million in 1991.

That's good news for Indiana farmers, who in 2002 brought in a total of $694 million from soybeans and soybean-derivative exports, making the crop the state's top agricultural export, according to Chris Hurt, a Purdue University agricultural economist. The next-closest export was feed-grains and -products at $570 million.

It is estimated Indiana farmers will export $775 million of soybeans and soybean derivatives in 2004, compared with $750 million of ...

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