The Soybean Industry

The Soybean Industry: With Special Reference to the Competitive Position of the Minnesota Producer and Processor

RAY A. GOLDBERG
Copyright Date: 1952
Edition: NED - New edition
Pages: 204
https://www.jstor.org/stable/10.5749/j.ctttv06c
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  • Book Info
    The Soybean Industry
    Book Description:

    The rapid development of the soybean industry in the United States is reflected in the growth of the industry in Minnesota, a state that now ranks sixth in total production. This state was one of the last to develop a soybean crop, but in the decade from 1940 to 1950 the dollar value of its crop rose from $76,000 to $37,000,000. Because the industry is a new and important one on the agricultural front, producers and processors in the industry, as well as members of the grain trade and agricultural economists, are faced with the problem of ascertaining the probably future trends of the industry. This study provides a factual basis for the industry’s future planning in Minnesota and in other major soybean-producing and processing states. Since the total picture of supply and demand and the operation of the industry within a single state are interrelated and interdependent, the study describes the elements of production, utilization, and processing on international, national, and state levels. These factors are then correlated with significant aspects of transportation, storage, commodity markets, and price formulation for an analysis of the competitive position of the industry in Minnesota. In conclusion, the future of the industry as a whole as well as specifically in Minnesota is estimated.

    eISBN: 978-0-8166-6262-3
    Subjects: Business

Table of Contents

  1. Front Matter
    (pp. i-vi)
  2. Table of Contents
    (pp. vii-2)
  3. CHAPTER I Introduction
    (pp. 3-7)

    Minnesota, being on the fringe area of the Corn Belt, was one of the last states to develop the soybean crop. Yet today it ranks sixth in total production in the United States. In 1940 Minnesota grew 795,000 bushels, and in 1950, over 16,000,000 bushels (Figs. 1 and 2). The dollar value of this crop advanced from $76,000 in 1940 to approximately $37,000,000 in 1950 (Fig. 3). In the last five years the Minnesota crop and processing capacity have doubled. The problem facing the Minnesota soybean producer and processor is that of ascertaining the probable future trends in the industry...

  4. CHAPTER II Production
    (pp. 8-36)

    The soybean, also called the soya bean, soja bean, and Manchurian bean, is an annual summer legume, native of Southeastern Asia.¹ Writings about this important crop date from 2838 b.c., in the ancient Chinese period of Emperor Sheng-Nung, to the present time. Despite its unusual food properties of protein and oil, the soybean spread slowly to other parts of the world. Missionaries in Asia sent various varieties of soybeans to Europe. These soybean seeds were planted in Paris as early as 1740, but the expansion of the crop in Europe was limited because the climatic conditions were not well suited...

  5. CHAPTER III Utilization
    (pp. 37-65)

    The consumption of soybeans and soybean oil in the main importing countries of Western Europe has been maintained because of the expansion of the crop in the United States. The dollar shortage of these countries, however, has made them dependent upon E.C.A. funds for their purchases of soybeans and soybean oil in this country (Fig. 12). The E.R.P. countries received over 63.8 per cent of the total United States’ soybean-equivalent exports in 1951 (Fig. 13).

    The other important soybean importing countries, Japan, Spain, and Canada, have also relied upon American soybean production in the postwar period. Japan has been a...

  6. CHAPTER IV The Processing Industry
    (pp. 66-88)

    Before an analysis of the development of the processing industry is undertaken, it is essential to study the movement of the crop to the processor.

    A study of the marketing channels of the soybean crop in Illinois for 1947 and 1948 was published in October 1950 by the United States Department of Agriculture.¹ The Minnesota marketing movement is very similar to that of Illinois. Country elevators are of primary importance in the original purchase of the crop from the farmer, 96 per cent of it being handled by them in Illinois (Table 23). The processors in Minnesota estimate that country...

  7. CHAPTER V Factors Affecting the Competitive Position of the Minnesota Soybean Processor
    (pp. 89-125)

    The first part of this chapter will be concerned with transportation and storage as they affect the competitive position of the processor. An analysis will follow the influence of trading on the central market and the effect of such trading on the Minnesota soybean industry. The next section will deal with the effect of price formulation upon the processing industry. Finally, all these factors will be brought together in an analysis of crushing margins.¹

    The principle of comparative advantage has thus far in this study been the basis for the description and analysis of soybean production, utilization, and processing. “Each...

  8. CHAPTER VI Summary and Conclusions
    (pp. 126-132)

    The competitive position of the Minnesota soybean producer and processor is in part determined by the international and national factors of production, utilization, and processing that affect the soybean industry in America generally, and in part by the elements of transportation, storage, commodity markets, and price formulation which have a more direct bearing upon the advantages and disadvantages of the Minnesota location.

    The rapid development of the soybean crop in the United States during the last decade has enabled this country to become the world’s leading producer of soybeans. Several interdependent elements of production and utilization have brought about this...

  9. Appendix I. Tables
    (pp. 133-170)
  10. Appendix II. Interviews
    (pp. 171-174)
  11. Bibliography
    (pp. 177-183)
  12. Index
    (pp. 184-186)