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U. S. Soybean Processing Capacity Continues to Expand

Author

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  • Kromer, George W.

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.

Suggested Citation

  • Kromer, George W., 1964. "U. S. Soybean Processing Capacity Continues to Expand," Miscellaneous Publications 320544, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:320544
    DOI: 10.22004/ag.econ.320544
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