The push to biomass-based fuel is ramping up demand for oilseeds. “I think we have great opportunities with biodiesel and renewable diesel; it is a bullish story that is going to be told for the next few years,” said Ryan Pederson, vice president, North Dakota Soybean Growers Association. At least two soybean crush projects are being developed in North Dakota and it becomes a question if the state will have enough soybeans to meet that demand. “That’s a great challenge to have; it is a problem of trying to add too value to a commodity in the state and that’s a good problem.” Farmers capture some of this value, but Pederson says the entire state will benefit from the development of new crush facilities.
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