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Every $1 of livestock sales in Nebraska creates .62 cents of non-agriculture business revenue.
Soybeans
Nebraska Soybean Farmers – Feedin’ What You’re Flippin’
You may have heard soybeans being referred to as “The Miracle Crop” due to its many uses, but one thing soybeans are great for is feeding poultry and livestock. Soybeans are classified as an oilseed and are the largest source of protein feed globally. Soybeans are made up of two primary components – meal and oil. Roughly 80 percent of the soybean by volume is made of protein-rich meal, 19 percent oil and roughly 1 percent hulls. You may not know it, but 97% of soybean meal is used to feed poultry, livestock and even fish. In fact, in 2014, U.S. animals consumed nearly 28 million tons of soybean meal.
Largest users of soybean meal by species in the U.S.
Largest users of soybean oil by segment:
Animal Agriculture
Bringing Home the Bacon
Farming and ranching is the number one industry in Nebraska. In 2014, animal agriculture contributed:
- $22.7 billion in economic output
- 95,032 jobs
- $3.6 billion in earnings
- $985.2 million in income taxes paid at the local, state and federal levels
- $479 million in the form of property taxes
Animal Agriculture Facts
- Nebraska ranks 12th in soybean meal used for feed
- Hogs are the number one user of soybean meal in Nebraska, consuming nearly 400,000 tons
- Nebraska ranks first in soybean meal fed to beef cattle at nearly 335,000 tons
- Over the past decade, animal agriculture has increased state economic output by $8.2 billion, boosted household earnings by $1.3 billion, and added more than 34,000 Nebraska jobs