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Statistical information on acreage, production, stocks, prices and value is essential for the smooth operation of federal farm programs. Agricultural data are indispensable for planning and administering related federal and state programs in such areas as consumer protection, conservation and environmental quality, trade, education and recreation.
Riceland Foods, Inc. is the largest farmer-owned rice and soybean marketing cooperative in the world with headquarters in Stuttgart, Arkansas, United States.The cooperative was founded in 1921 and has become a major rice and grain miller and a global marketer of the same.
Soybeans are the most valuable agricultural export of the United States. [128] Approximately 85% of the world's soybean crop is processed into soybean meal and soybean oil, the remainder processed in other ways or eaten whole. [129] Soybeans can be broadly classified as "vegetable" (garden) or field (oil) types.
This is a list of countries by soybean production from 2016 to 2022, based on data from the Food and Agriculture Organization Corporate Statistical Database. [1] The total world production for soybeans in 2022 was 348,856,427 metric tonnes , down 6.4% from 372,853,699 tonnes in 2021. [ 1 ]
The American Soybean Association (ASA) is an association of 21,000 American soybean producers. John Heisdorffer is the 2018 President of the Association. [ 1 ] Stephen Censky worked for ASA for 23 years, 21 of those as CEO, and then left to become United States Deputy Secretary of Agriculture in 2017.
The soybean checkoff is a congressionally-mandated assessment on soybeans, whose proceeds are used to fund soybean research and promotion efforts. The checkoff is managed by the United Soybean Board under the supervision of the United States Department of Agriculture Agricultural Marketing Service. In 2014, the checkoff was $109.1 million. [1]
Soybean oil is one of the most commonly produced vegetable oils. Soybean oil is traded at the Chicago Board of Trade in contracts of 60,000 pounds at a time. Prices are listed in cents and thousandths of a cent per pound, with a minimum fluctuation of 5/1000 cents. [16] It has been traded there since 1951. [17]
In 2020, Paraguay exported $2.15B in Soybeans, making it the fourth largest exporter of soybeans in the world. Soybeans were the most exported product in Paraguay. In 2019, Paraguay's main exporting competitors in soybeans were: Brazil ($28.6B), United States ($25.6B), and Argentina ($2.31B). [6]