Wednesday, March 15, 2023

Canola boom in Southern U.S.

.Farmers in Louisianna, Mississippi and Tennessee might plant up to 10 million acres to canola this fall, all of it destined for the diesel fuel market.


Chevron, Bunge and Corteva are working together on the initiative which is backed by federal government subsidies for energy that replaces fossil fuels.


Last year the total U.S. acreage planted to canola was two million.


In the South, canola will be planted after soybeans and cotton are harvested.


That will be attractive because farmers will reap a second crop on land that has traditionally grown only one crop a year.


The main buyer is Bunge Chevron Ag Resources.