The Midwest is no stranger to soybeans, but peas are becoming more abundant and turning a profit as well.
Successful Farming reports as more companies offer plant-based proteins, the pea protein market is growing. On top of that, the crop is drought-tolerant and can help improve soil.
Global pea production is forecast to climb from around $500 million in 2021 to more than $1 billion in the next four years. USDA estimates consumers are taking in two more pounds of peas per year than at the turn of the millennium.
The crop has seen recent price volatility, climbing to a 27-year high just two years ago as a result of short yields and reduced domestic production.
