Growth of aquaculture, poultry, cattle, and hog industries will create further opportunity to include U.S. soybean meal in cost-effective rations. Missouri Soybean Merchandising Council (MSMC) funding would leverage USDA and QSSB funding to enhance feed sector capacity to import and effectively incorporate U.S. soybean meal in aquaculture rations using IPRS to increase soy-based feed use efficiencies.
For the U.S. to gain further market share, the intrinsic and extrinsic values must be shared, demonstrated, and promoted via farmer field days, including those planned in this project to demonstrate the benefits of IPRS The Cambodian market prefers U.S. soybean meal for its consistent quality, supply consistency and low foreign material levels, but buyers often make purchase decisions based solely on price.
By building and introducing a new aquaculture technology in Cambodia, MSMC’s investment provides CAST staff with not only local IPRS results data, but CAST could broaden the awareness and benefits within the Cambodian fish farming community of IPRS aquaculture production. Phase I data shows success with reducing FCR and faster production time to market.
Additional anticipated proposal benefits include: (1) U.S. soybean and soybean meal exports to Cambodia will increase and will gain market share, (2) targeted local feed millers and aquaculture producers will become more productive, profitable, and able to maintain and expand operations through higher feed use efficiencies, and, (3) feed processors and farmers will improve capacity for effective inclusion of U.S. soybean meal as a high-quality protein source in aquaculture rations through IPRS.