Start your soybean farm this year

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Soybean Farming 101
Everything you need to know about, equipment,
implements, finance and more.
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As lucrative as it gets!

• Soybean demand is projected to grow manifold in
  the upcoming years.
• This study by Mordor Intelligence predicts a
  market size of a whopping 277.88 Billion by the
  year 2029.
• The fastest growing market is North America!
• Facilitated by lifestyle changes, and a shift in
  diet to more plant based proteins.

USD 277.88 B
USD 198.12 B
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Market Demand

• Increased Popularity Soybean meal and oil cakes
  are gaining traction due to their high
  nutritional value.
• Consumer Trends Disposable income growth in
  developed countries fuels the demand for these
  products.
• Production Boost Improved soybean productivity
  in these regions contributes to the rise in
  soybean oil production
• Soy Lecithin's Versatility This popular food
  additive finds applications in various products
  due to its emulsifying and health properties.
• Soybean Meal as Protein Powerhouse Its unique
  amino acid profile makes it a valuable
  alternative to cereal proteins and caters to the
  growing demand for animal feed in developing
  nations.

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Ideal for moderate climates (68-86F) with
adequate rainfall (20-30 inches) during the
growing season.
How to choose the best location for soybean
farming?
01.
Requires well-drained, fertile soil and access to
water resources.
02.
LAND SELECTION MATTERS!

• Well-drained, fertile soil (loam or sandy loam)
• Consider crop rotation practices to maintain soil
  health
• Choose land with a history of successful soybean
  cultivation or similar crops.
• Soil testing is crucial to determine nutrient
  levels and potential amendments required.
• Ensure sufficient water access through natural
  sources or irrigation systems.

Areas in the Midwest, Great Plains, and parts of
the Southeast generally have favorable climates.
03.
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Basic Farm Equipment What do you need to start?
For various tasks like land preparation,
planting, and harvesting
Precision machinery for sowing seeds at specific
depths and spacing
Multi-functional machines for harvesting.
For secondary tillage, weed control and soil
aeration between rows
The size and type of equipment will
depend on the scale
of your operation, so,
consider renting equipment or utilizing
peer-to-peer rental platforms for cost-effective
solutions!
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Special Equipment and Attachments to Improve
Productivity
SPRAYERS
NO TILL-DRILL
FERTILIZER SPREADER
Utilized for applying herbicides, pesticides, and
fertilizers to control weeds, pests, and diseases
in soybean fields.
Enables planting soybeans without prior tillage
of the soil, preserving soil structure, reducing
erosion, and conserving moisture.
Used for applying fertilizers evenly across
soybean fields, ensuring supply of nutrients to
the crop for healthy growth and maximum yield.
GRAIN CART
ROTARY TILLER
HARVESTER
Employed for soil preparation before planting
soybeans, breaking up clods, incorporating
organic matter, and creating a smooth seedbed
Utilized for transporting harvested soybeans from
the field to storage facilities or trucks for
further processing or sale
Used during the harvesting stage to efficiently
cut, thresh, and separate soybean pods from the
plants.
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How Can You Acquire The Equipment?

• Direct Purchase This offers the most control and
  flexibility. You can choose the specific
  equipment model and brand that suits your needs.
  However, it requires a significant upfront
  investment.

• Leasing Leasing allows you to use equipment for
  a set period for a fixed monthly payment. This
  can be a good option if you need equipment for a
  specific season or want to avoid the high cost of
  ownership.

• Peer-to-Peer Rental Platforms These online
  platforms, like Haystackers, connect farmers who
  own equipment with those who need it. This can be
  a cost-effective way to access equipment for
  short-term needs or during busy periods.

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56.8 Million Bushels
Thats the amount of crop losses incurred per
annum because of pests in 18 major soybean
producing states in The United Sates
How to protect your soybean crops from pest
infestation?
Implement integrated pest management (IPM)
strategies
Monitor crops regularly for signs of pests and
diseases
Utilize biological controls, cultural practices,
and selective pesticides when necessary
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Loans, Grants and other benefits
Loans
Grants
Cost-Share Programs
The USDA (United States Department of
Agriculture) offers several loan programs through
its Farm Service Agency (FSA) to help aspiring
farmers establish themselves.
Beginning Farmer and Rancher Development Program
Provides grants to organizations that offer
educational programs, mentoring, and technical
assistance.

• Environmental Quality Incentives Program
• Conservation Stewardship Program

NRCS
Tax Benefits
FSA
The FSA website offers a wealth of information on
various farm loan programs, eligibility
requirements, and the application process.
The local service centres provide on-site
conservation planning and technical assistance.
They can help you develop a farm plan, assess
your land's potential, and implement sustainable
practices.
Section 179 Deduction allows farmers to deduct
the full cost of qualifying equipment purchases
(up to a certain amount) in the year they are
bought.
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So go ahead, and plan out your dream farm today!
You know you got us for your farm equipment needs!
www.haystackers.com
888 862 1954
2200 W HIGGINS RD STE 315, Hoffman Estates, IL, US
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