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Soybean oil is the primary source of biodiesel in the United States, accounting for 80% of domestic biodiesel production. [184] Soybeans have also been used since 2001 as fermenting stock in the manufacture of a brand of vodka. [185]
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 ]
In 2012, Asgrow started its National Yield Contest for soybean producers. The contest winner produces the most soybeans and farmers nationwide have opportunity to learn more about the latest seed technologies and production practices. [7] In 2018, Bayer AG acquired Monsanto, and Asgrow became a brand of Bayer Crop Science. [8]
In 1933 soybeans were trading at $0.39 cents per bushel. By 1948 the same soybeans were trading at $4.13 a bushel. There was nothing different about the beans themselves.
Between 1930 and 1942, the United States' share of world soybean production grew from 3% to 47%, and by 1969 it had risen to 76%. By 1973 soybeans were the United States' "number one cash crop, and leading export commodity, ahead of both wheat and corn". [8] Although soybeans developed as the top cash crop, corn also remains as an important ...
Paraguay's production was expected to reach barely 2.97 million tons in 2022, 68% less than in 2020/21. The average yield was only 900 kg/ha, the lowest figure in Paraguay's history, which led to increased idling of soybean oil processing plants. [7]
Between 1996 and 2008 soy production grew from 14 million acres to 42 million acres. The growth was driven by Argentine investors' interest in export markets. [183] The consolidation led to a decrease in production of many staples such as milk, rice, maize, potatoes and lentils. As of 2004, about 150,000 small farmers had left the countryside ...
Soybean management practices in farming are the decisions a producer must make in order to raise a soybean crop. The type of tillage, plant population, row spacing, and planting date are four major management decisions that soybean farmers must consider. How individual producers choose to handle each management application depends on their own ...