U.S. Soybean Economy in the 1980's

George W. Kromer

No 324733, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Sharp increases in the demand for U.S. soybeans and products are projected during the next 10 to 15 years as domestic and export requirements expand. Barring a breakthrough in soybean yields, acreage needed to satisfy potential soybean demand by 1985 may be a third greater than the 47 million planted in 1972. The uptrend in domestic use of food fats and oils and protein meals is projected to continue at a rate greater than population growth. Fulfilling this potential demand will be achieved mainly through greater use of soybean products, since supplies of other U.S. edible oils and high-protein feeds probably will show little net change. The major forces influencing demand for soybeans in the long run are population and income growth.

Keywords: Crop Production/Industries; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 15
Date: 1973-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:324733

DOI: 10.22004/ag.econ.324733

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