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Growth in U.S. Soybean Processing Capacity

Author

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  • Kromer, George W.

Abstract

U. S. soybean processing capacity has about doubled during the past 15 years, increasing from 310 million bushels in 1951 to about 600 million in 1965. However, the rate of expansion has slowed considerably in recent years. Meanwhile, the number of mills processing soybeans dropped from 193 to 124 and the average mill size increased. Since 1958, however, the number of mills has leveled off, varying between 121 and 128 annually. Processing capacity has exceeded actual crushings by about 20 percent despite the sharp uptrend in soybean production and the reduction in mills.

Suggested Citation

  • Kromer, George W., 1965. "Growth in U.S. Soybean Processing Capacity," Miscellaneous Publications 320805, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:320805
    DOI: 10.22004/ag.econ.320805
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