The food industry is booming with enhancements and top-notch innovations in cuisine culture. There is a lot of experimentation with various crops to make them commercially viable and utilize their attributes for multiple purposes.
Not only in the food sector but the potential benefits of particular crops are being methodically assessed to incorporate them in other commercial ventures like industry, fuel, fodder, feed, etc. Diversifying a crop gives farmers other avenues to generate revenues and provides consumers with various choices.
Soyabean is one such crop that is generating a lot of interest because of its usage variety and beneficial qualities.
Popularly known as the "golden bean" or "miracle bean," soybean is one of the world's most commonly used acreage crops. What makes soybean unique is the crop's multipurpose nature. It's widely used for daily items such as soy milk, soy sauce, soy chunk, etc.
Because of its protein richness and nutritional value, soya ingredients are used widely in everyday diets. Additionally, considering soybeans are a great source of plant-based protein, they are extensively consumed by vegans.
Naturally, the widespread use of soy has resulted in an expanded market for the crop. The us soy production is estimated to be around 89 million tons annually, making it the second most produced crop after corn.
Depending on your region, many steps are involved in manufacturing soy products on an industrial scale, including licenses and permits. For small and medium businesses, soy products can be a viable business venture.
The following part lists five tips for setting up a soy production industry.
Getting Proper Licensing and Permissions
Considering soybean cultivation is a popular business venture that plays a crucial role in the agricultural economy, prospective business owners must follow many regulations. However, licenses and permits vary from state to state and country to country.
Before starting your business, kindly ensure that you are fully aware of the legal doctrines in your area. Some other formalities that you might be required to undertake are
- Firm Registration
- Trade Marking
- Tax Registrations
- Bank Account Verifications
- Product Licensing
Choosing a Soy Product
As mentioned earlier, several products and edibles can originate from soybean. The crop is used to make certain kinds of milk, oil, and flour; depending on the agricultural climate and environment, it's divided into various groups.
Hence, determining the suitable soybean that suits your surrounding temperature and the right soy product that fits the consumer demand is a crucial decision that needs to be taken in this initial stage.
Some soy products that you can invest in are as follows:
- Soya Milk
- Soy Sauce
- Soybean Oil
- Soy Flour
- Soya Chunks
Additionally, you'll require various raw materials for the industrial manufacture of Soy products like salt, sugar, Sodium Bicarbonate, milk, soy flour, vinegar, baking soda, and other preservatives.
Finding the Right Piece of Land
When choosing the right kind of land to produce Soy materials, various factors come into play. Some of them are as follows:
Size of the Land
The first thing when choosing a particular patch of land for soy products is the size. The total area of the land needs to depend on the scale of your production and the amount of profit you want to incur from the business.
Extensive research has shown that soil with a pH between 6.0 and 7.5 is ideal for soybean production. Choosing arid and uncultivable land won't serve any purpose other than to drown your business even before it starts!
Soy seeds will play a crucial role in determining the total yield of your production. While choosing the correct land patch, ensure that most varieties of soy seeds are compatible with the land they are being cultivated on.
Implementing Proper Plantation Techniques
The month of May is considered the ideal time for growing soybeans. A temperature of around 50 degrees Fahrenheit is needed for the Soy crop to thrive. When planting the seed, ensure it is at least 1.5 inches deep inside the soil. Additionally, try maintaining a gap of 3 inches between each seed.
Like most crops, sunlight is an essential component in determining the quality of the output. However, ensure that the harvest is kept away from the shade. Remove weeds from your soy plants; otherwise, they will restrict growth. Also, ensure that rabbits don't find a home near your produce, as they tend to enjoy soybean a lot.
Ensuring Proper Harvesting
Keep in mind that no one is going to pay for damaged crops. The harvesting process is crucial in determining your final revenue for the season. Ensure you harvest the crop only when the pods are wholly grown. If the pods turn yellow, there's a risk of crop damage.
After gathering the produce, boil them in hot water for five minutes and then cool them for another five minutes before storing them in a new container.
The sheer scale and consumer base of the Soybean industry make it an extremely profitable venture. Following the proper steps and fulfilling the adequate duties towards growing this beneficial crop will yield great results. Don't miss out on the opportunity!