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U.S. Soybean Economy in the 1980's

Author

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  • Kromer, George W.

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.

Suggested Citation

  • Kromer, George W., 1973. "U.S. Soybean Economy in the 1980's," Miscellaneous Publications 324733, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:324733
    DOI: 10.22004/ag.econ.324733
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