Do you want to soybean farming in your small farm or backyard? Find here in this article, a step by step guide on the basics of soybean farming.
Soybean is popularly called “golden bean” or “miracle bean”. Currently, the United States is the largest producer of soybeans, followed by Brazil and Argentian. In the United States, states like Illinois, Minnesota, Iowa grows most soybeans. As a matter of fact, soybeans are the second most harvested crop in the States only after corn.
Here are the 10 Steps to Start Soybean Farming Business
1. Choose the Niche
There are many varieties of soybean in terms of usage. Soybean is used in making milk, flour, oil, and also for consuming. You need to decode which mind or kinds of soybean you are going to produce. Broadly soybeans are of four varieties. They are Group 00, Group 0, Group 1, and Group 2 as per the requirement of heat.
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2. Create a Soybean Farming Business Plan
If you are looking to start soybean farming for profit, it is essential to have a business plan. It not only provides you a future roadmap to success but also helps you securing funding if you need finance for your project.
If you decide to write off your own, there are free business plan generators on the internet for help.
3. Licenses & Permits
For commercial cultivation, you might require specific licenses and permits. Talk to local competent authorities and procure those licenses
Registration of business and business insurance are the other two aspects you need to take care of id planning to run a legally compliant soybean farming business.
4. Selecting the Seed
When cultivating soybeans for commercial production, it is extremely critical to choose the right seeds. Based on the type of soybean farming, you need to select the seed.
Go for a green variety of seeds if you are farming for eating purposes.
Yellow type if producing for soymilk or flour making.
Black seeds are preferred for dried soybeans.
Read: How to Start Mushroom Farming Business
5. Selecting the Soil
The yield of soybeans becomes higher on soil having a pH value of more than 6.5. The soybean farming performs better on moist soils and not sandy type.
6. How Much Land is Needed to Start Soybean Farming
The requirement of land will largely depend on the scale of profit you want to make. However, to make a decent income from soybean farming, you must farm soybeans on a minimum of one acre of land.
7. Planting the Soybean Seeds
The ideal time to plant soybeans is a month after winter preferably in the month of May. The ideal temperature for healthy produce is around 50 F. Sow the seeds in about 1.5 inches deep into the soil. Maintain a gap of about 3 inches in between. Water the beans till it gets moist. Be careful of not overwatering as it might induce cracks.
Do not farm soybeans on shady areas. This crop needs a good amount of sunlight to grow.
8. Beware of Rabbits
Rabbits love soybean shoots. They can destroy the crop if allowed to enter in the farming land. Protect the farm area with a fence so that rabbits can be kept away.
9. Don’t Allow Weeds to Grow
Weeds choke the growth of Soy plants. When the plants are smaller in size, take measures to keep the farm area free of weeds. When the plants grow bigger, you don’t need to weed as the plants can take care of themselves from getting choked.
10. Harvesting of Soy Plants
Harvest the soybeans when the pods are green and fully grown. You need to harvest before the pods turn yellow in color. After harvesting the entire pod from the plant and boil with hot water in a container for a period of around 5 minutes. Treat the boiled out pods in cold water for another 5 minutes. After the pods are cooled, place them into a fresh towel.
Now is the time to extract the soybeans from the pods. Carefully press the pods from both ends and you will find beans start popping out.
Now you can eat the beans or can store those for future use.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.