U.S. Soybean Processing Capacity Continues Expansion

George W. Kromer

No 321795, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: The U.S. soybean processing industry continues to expand its plant capacity--to an estimated 750 million bushels during 1967/68. This is nearly 2 1/2 times capacity in 1951/52. The efficiency and capacity per plant increased markedly during this period, as the number of processing mills declined from 193 in 1951/52 to 135 in 1967/68. Soybean crushings have increased in about the same proportion as processing capacity, but every year there has been unused capacity. During the 1951-66 period, the ratio of utilized capacity (crushings) to total capacity has averaged about 80%.

Keywords: Crop Production/Industries; Demand and Price Analysis; International Relations/Trade; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 16
Date: 1967-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:321795

DOI: 10.22004/ag.econ.321795

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