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U.S. Soybean Processing Capacity Continues Expansion

Author

Listed:
  • Kromer, George W.

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%.

Suggested Citation

  • Kromer, George W., 1967. "U.S. Soybean Processing Capacity Continues Expansion," Miscellaneous Publications 321795, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:321795
    DOI: 10.22004/ag.econ.321795
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