U. S. Soybean Processing Capacity Continues to Expand

George W. Kromer

No 320544, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: U. S. soybean processing capacity in 1964-65, estimated at 585 million bushels, will almost double the capacity of about 300 million bushels recorded in 1951-52. Excess capacity--the difference between total capacity and soybeans actually processed--has averaged about 20 percent since 1951-52 even though crushings have increased steadily. Expanding plant capacity has exceeded supplies of soybeans available for crushing, thereby resulting in excess or unused processing capacity. Soybean crushings during 1964-65 are forecast at around 470 million bushels and total capacity at 585 million bushels. If these estimates hold, the soybean processing industry will operate at about 80 percent of capacity during 1964-65.

Keywords: Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 8
Date: 1964-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:320544

DOI: 10.22004/ag.econ.320544

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