asa

(NAFB.com) – The results of a soy industry project to examine the impacts of a potential seed oil ban in the U.S. food supply are in, and the answers aren’t good. The seed oil study with funded by the United Soybean Board and conducted by the World Agricultural Economic and Environmental Services. WAEES maintains agricultural economic models that allow it to examine potential industry changes, and where it found forecasting a ban was this: the seed oil industry, which primarily includes soybeans, canola, corn, cottonseed, grapeseed, rice bran, and others, would see a sizable drop in consumption for domestic products while imported palm oil would most likely flourish. ASA President and Kentucky farmer Caleb Ragland said this study simply confirms what they already know. “A ban on seed oils, including soy, is going to have costly impacts on farmers and consumers, and not just in the pocketbook either”, Ragland said.