TAGS: Marketing, Overseas
December 18, 2014
When you think about crop production in the U.S., the big three are corn, soybeans and wheat—in that order. One crop that garners only a modest number of acres but might be worth taking a look at for your farm is canola.
“In the U.S., the ratio of supply versus demand of canola oil is about 1:4, which presents a huge opportunity for U.S. producers to grow more canola,” according the U.S. Canola Association.
There are a number of reasons for that. Among them, according to the USDA, is that canola oil for cooking ranks behind only soybean oil and palm oil. In addition, canola meal is the second-most used feed meal with livestock, behind only soybean meal. In the past 40 years, canola has gone from being the sixth-largest oil crop to the second largest globally.
Even so, U.S. farmers—at 17 million acres in 2017—produce only a small portion of the global crop. North Dakota farmers produce 83% of the total crop, according to Margaret Smith with the agricultural marketing resource center at Iowa State University.
Oklahoma is in second place with 6% of the total canola acres. Idaho has 3%, Montana and Minnesota have 2% each and Kansas has 1%. A handful of acres is also grown in Colorado, Minnesota, Montana and South Dakota.
Smith notes that there are both spring and winter annual canola types. Spring-planted canola is grown in most of Canada and the northern states in the U.S. Winter annual canola is grown in Oklahoma and parts of the Midwest.
2018 Canola College: Oklahoma State University and Kansas State University are hosting the 2018 Canola College on January 19 for farmers interested in learning more about the latest in canola production and marketing. The event is being held in conjunction with the Great Plains Canola Association and members of the canola industry.
“Attendees will hear from canola experts on a variety of key topics and will have the opportunity to visit with industry members who provide the goods and services needed to produce, handle, and market the crop,” according to a press release from K-State Extension.
Individuals can register for the event at www.canola.okstate.edu. For more information on the Canola…