Soybeans: Background for 1985 Farm Legislation

Duane Hacklander and Walter Gardiner

No 305752, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: U.S. soybean production has increased rapidly and now ranks as the number two value crop. Much of the growth has come from foreign trade, but the United States faces increasing competition in the world markets for beans, meal, and oil. Soybean meal and oil also face strong competition from other high-protein feed sources and highly substitutable fats and oils in the edible oil market. Soybeans are a relatively new cash crop in the United States and have shifted to new production areas, being free of any acreage or production restrictions. Although soybeans are relatively free from direct Government programs, production levels are affected by other agricultural programs. Soybeans are supported by a loan rate which, in most years, has been below prices received by farmers. Issues for 1985 legislation will probably center on the determination of the support level and trade issues.

Keywords: Agricultural and Food Policy; Crop Production/Industries; International Relations/Trade (search for similar items in EconPapers)
Pages: 37
Date: 1984-09
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/305752/files/aib472.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:305752

DOI: 10.22004/ag.econ.305752

Access Statistics for this paper

More papers in Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().