SD Soybean Checkoff Invests $2.5 Million in Soybean Checkoff Over Next Five Years to Support POET Bioproducts Center
The newly opened POET Center for Bioproducts at Brookings. (Courtesy photo)
BROOKINGS, SD – The South Dakota Soybean Research and Extension Council is excited to invest $2.5 million in soybeans over the next five years to support the POET Bioproducts Center. This contribution ignites excitement for the future, uniting agriculture, farming communities and biotechnology in a mission to cultivate sustainable innovation.
With the POET Center for Bioproducts located at the heart of agricultural innovation at the South Dakota State University (SDSU) Research Park, the potential for transformative advances starting in animal feed and bioproducts has never been more promising. This $2.5 million commitment – $500,000 per year over 5 years – is a testament to the South Dakota Soybean Checkoff’s commitment to the advancement of the soybean industry and its critical role in fostering a greener, more prosperous future.
Visitors to the POET Bioproducts Center are greeted with examples of innovation and the use of soy right at the entrance to the building. A striking display showcases the remarkable versatility of soy, highlighting its importance in industries ranging from soy-based footwear to ink. It illustrates the rich heritage of soy as a source of inspiration and innovation.
Additionally, in front of the building, a lush and vibrant soy-based grass welcomes guests. This innovative landscaping choice not only demonstrates the versatility of soy-based products, but also highlights the commitment to sustainable practices at the POET Bioproducts Center. It symbolizes the integration of agriculture and biotechnology to create a greener and more sustainable future.
David Strack, chairman of the South Dakota Soybean Research and Promotion Council and a Wolsey farmer, expressed his enthusiasm, saying, “As a farmer, I’m excited about the opportunities this investment brings. It’s not just about advancing soy research; it is about shaping the future of agriculture and biotechnology. The POET Bioproducts Center is a beacon of innovation and this partnership underscores our commitment to a brighter, more sustainable future.”
In addition to the investment in SD Soybean Checkoff, the 45,000-square-foot facility was made possible by $20 million in legislative funding, $5 million from POET and $2 million from South Dakota Corn, and the state of South Dakota provides $500,000 annually for operating expenses . The United States Economic Development Administration has provided another $3 million to purchase specialized equipment needed for the labs.
This partnership extends beyond the lab and the field; it is a major force driving economic growth in South Dakota’s agricultural sector and beyond. It is a testament to the resilience of farmers and the adaptability of biotechnology. By harnessing the unique potential of soybeans and other agricultural resources, the POET Bioproducts Center is poised to unlock opportunities that reverberate far beyond our state’s borders.
The South Dakota Soybean Checkoff’s $2.5 million investment is a strong statement of their unwavering support for the agricultural community, promoting environmentally sustainable solutions and driving economic vitality. It signals a new era in which agriculture, farming and biotechnology converge to create a dynamic future.
— South Dakota Soybean Checkoff