1. Bill Allison, Soybean Producer September 15, 2005 From Cooking oil to Car seats Changes in Soy Utilization and Opportunities for Halton Region

2. Soybeans in Canada Ontario grows over 80% of the Canadian production Soybean is the most economically important and prominent crop in Ontario Climate, skill, and experience of the industry result in soybeans of the highest quality

3. 2004 Ontario soybean statistics Area harvested (acres) Average Yield (bu/ac) Production ('000 bushels) Production ('000 tonnes) Ontario 2,300,00039.691,0002,476.6 Halton Region 22,700 (0.9%) 33.0740 (0.8%) 20.1 (0.8%)

4. Soybean distribution About 1/3 of production is exported Remainder are commodity beans for crushing

5. Specialty soybeans Exported beans and those for traditional food uses are produced according to very specific standards of Identity Preservation (IP) In IP, Canada is recognized as the world leader based on our superior: –Farm management –Handling infrastructure –Soybean breeding and development program

6. Commodity soybeans Beans that remain in Canada are typically crushed to produce meal and oil Demand for a protein source for livestock actually requires meal to be imported Oil is typically used in food, and is the prominent vegetable oil in North America

7. Changing the status quo Depressed prices for commodity beans Industry looking for new uses and opportunities to add value domestically

8. OilMeal Edible Oil: Vegetable oil Margarine Ingredients –Lecithin –Sterols –Vitamin E Livestock Feed: Soyfoods: Full flour Tofu Soymilk Soy dairy Soy sauce Okara Bioproducts: Biodiesel Lubricants Plastics Intermediate Chemicals Fatty acids Edible: Ingredients –flour –concentrate –isolate –TVP New foods with soy: Modern meat analogues Nutrition bars/ drinks Cereals Bread and baked goods Pasta Typical uses Advancing uses! Traditional food use Soybeans

9. Support new demand for soy Soy protein as a food ingredient Soy oil based bio-products Protein price Health benefits Functionality Where the price is better vs. petroleum based products Equal functionality Buyer interest / demand

10. Evolving Soybean Utilization

11. Capturing Value of Change We will capture this value by building on our advantages: 1.Superior IP system 2.Global perceptions of Canada 3.Superior products 4.Nearness to markets

12. Opportunity for Companies… …with a strategic vision of what is possible …that see the future of food and/or industry …interested in power of the bean …that recognize the advantages of Ontario …that aggressively build on our strengths Researchers Farmers HandlersManufacturers Distribution Consumers/ Buyers Value Added Processing

13. Interested? Ontario Soybean Growers www.soybean.on.ca Soy 20/20 www.soy2020.ca