GOODLAND, Kansas (Nov. 13, 2023) – Through a new program called Canola MVP, Scoular is partnering with Kansas and Oklahoma farmers to expand canola production to feed the growing renewable fuels market.
Growing canola can increase overall revenue, with wheat-canola rotations increasing profitability up to 20 percent more than a continuous wheat rotation, according to a Kansas State University study.
Canola MVP, announced by Scoular on Monday, provides several key benefits to producers:
Producers seeking more information may:
In March, Scoular announced that it was converting a facility in Goodland to a dual oilseed crush plant. The facility is projected to begin operations in fall 2024. Because of its high-oil content, canola is highly valued in the renewable fuels sector, particularly for use in the growing renewable diesel and sustainable aviation fuel markets. Those markets will grow to over 5 billion gallons by 2025.
“Winter canola is a reliable crop for producers, and Canola MVP will provide them with the resources, revenue potential and reassurance to grow canola,” said Ed Prosser, Scoular Senior Vice President.
Added Michael Stamm, a K-State agronomist: “Fall precipitation gave producers the opportunity to plant winter canola in 2023. K-State is dedicated to supporting these producers with information to help them be successful growing the crop.”
Scoular is an employee-owned, over $10B agribusiness leading the way since 1892. We buy, sell, store, handle and process grain and ingredients by leveraging our global networks and expertise in international trade and transportation. Employing 1,400 people in more than 100 offices and facilities in North America and Asia, we provide safe and reliable solutions to farmers, grain processors, renewable energy producers and manufacturers of animal feed, aquafeed and pet food as well as food, beverages and supplements. Scoular ranks 48th on the Forbes list of America’s largest private companies and is headquartered in Omaha, Nebraska.