IDEAS home Printed from https://ideas.repec.org/a/ags/ifaamr/92573.html
   My bibliography  Save this article

World Soybean Production: Area Harvested, Yield, and Long-Term Projections

Author

Listed:
  • Masuda, Tadayoshi
  • Goldsmith, Peter D.

Abstract

Soybeans (Glycine max) serve as one of the most valuable crops in the world, not only as an oil seed crop and feed for livestock and aquaculture, but also as a good source of protein for the human diet and as a biofuel feedstock. The world soybean production increased by 4.6% annually from 1961 to 2007 and reached average annual production of 217.6 million tons in 2005-07. World production of soybeans is predicted to increase by 2.2% annually to 371.3 million tons by 2030 using an exponential smoothing model with a damped trend. Finally, three scenarios and their implications are presented for increasing supply as land availability declines. The scenarios highlight for agribusiness policy makers and managers the urgent need for significant investments in yield improving research.

Suggested Citation

  • Masuda, Tadayoshi & Goldsmith, Peter D., 2009. "World Soybean Production: Area Harvested, Yield, and Long-Term Projections," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 12(4), pages 1-20, November.
    • Handle: RePEc:ags:ifaamr:92573
    DOI: 10.22004/ag.econ.92573
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/92573/files/20091023_Formatted.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.92573?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Matin Qaim, 2009. "The Economics of Genetically Modified Crops," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 665-694, September.
    2. Matin Qaim & Alain de Janvry, 2003. "Genetically Modified Crops, Corporate Pricing Strategies, and Farmers' Adoption: The Case of Bt Cotton in Argentina," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(4), pages 814-828.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Krishna, Vijesh V. & Erenstein, Olaf & Sadashivappa, Prakash & Vivek, B. S., 2014. "Potential Economic Impact of Biofortified Maize in the Indian Poultry Sector," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 17(4), pages 1-30, November.
    2. J. Jed Brown & Probir Das & Mohammad Al-Saidi, 2018. "Sustainable Agriculture in the Arabian/Persian Gulf Region Utilizing Marginal Water Resources: Making the Best of a Bad Situation," Sustainability, MDPI, vol. 10(5), pages 1-16, April.
    3. Argaw, Birhanu & Haji, Jema & Aman, Mohammed & Fentahun, Gebreegziabehr, 2020. "Technical, Allocative and Economic Efficiency of Soya bean Production: The Case of Smallholder Farmers in Pawe District, Ethiopia," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 29(01), April.
    4. Ahmadzadeh Araji, Hamidreza & Wayayok, Aimrun & Massah Bavani, Alireza & Amiri, Ebrahim & Abdullah, Ahmad Fikri & Daneshian, Jahanfar & Teh, C.B.S., 2018. "Impacts of climate change on soybean production under different treatments of field experiments considering the uncertainty of general circulation models," Agricultural Water Management, Elsevier, vol. 205(C), pages 63-71.
    5. Milazzo, M.F. & Spina, F. & Cavallaro, S. & Bart, J.C.J., 2013. "Sustainable soy biodiesel," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 806-852.
    6. Julián Benitez & Roger Domecq, 2014. "Analysis of meteorological drought episodes in Paraguay," Climatic Change, Springer, vol. 127(1), pages 15-25, November.
    7. Henseler, Martin & Piot-Lepetit, Isabelle & Ferrari, Emanuele & Mellado, Aida Gonzalez & Banse, Martin & Grethe, Harald & Parisi, Claudia & Hélaine, Sophie, 2013. "On the asynchronous approvals of GM crops: Potential market impacts of a trade disruption of EU soy imports," Food Policy, Elsevier, vol. 41(C), pages 166-176.
    8. Li, Yang & Shi, Yong & Deng, Xiangzheng & Sun, Zhigang & Accatino, Francesco, 2024. "Increasing food and feed self-sufficiency and avoiding manure N surplus in eastern regions of China through a spatial crop-livestock optimisation model," Agricultural Systems, Elsevier, vol. 217(C).
    9. Zahid Akram & Qadeer Ahmad, 2019. "Future Prospects of Soybean in Pakistan," Biomedical Journal of Scientific & Technical Research, Biomedical Research Network+, LLC, vol. 15(4), pages 11562-11563, March.
    10. Masuda, Tadayoshi & Goldsmith, Peter D., 2012. "China's Meat and Egg Production and Soybean Meal Demand for Feed: An Elasticity Analysis and Long-Term Projections," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 15(3), pages 1-20, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Scheitrum, Daniel & Schaefer, K. Aleks & Nes, Kjersti, 2020. "Realized and potential global production effects from genetic engineering," Food Policy, Elsevier, vol. 93(C).
    2. ARORA, Anchal, 2014. "Pricing Of Bt Cotton Seeds In India: The Debate Behind," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(2), pages 1-4, November.
    3. Mooney, Daniel F. & Barham, Bradford L. & Lian, Chang, 2013. "Sustainable Biofuels, Marginal Agricultural Lands, and Farm Supply Response: Micro-Evidence for Southwest Wisconsin," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150510, Agricultural and Applied Economics Association.
    4. Mutuc, Maria Erlinda M. & Rejesus, Roderick M. & Pan, Suwen & Yorobe, Jose M., 2012. "Impact Assessment of Bt Corn Adoption in the Philippines," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(1), pages 117-135, February.
    5. Genti Kostandini & Bradford F. Mills & Steven Were Omamo & Stanley Wood, 2009. "Ex ante analysis of the benefits of transgenic drought tolerance research on cereal crops in low‐income countries," Agricultural Economics, International Association of Agricultural Economists, vol. 40(4), pages 477-492, July.
    6. Kwak, Lynn E. & Yoon, Sang Won & Kim, Younjun, 2020. "Genetically modified crops’ environmental impact and trust in eco-labels," Australasian marketing journal, Elsevier, vol. 28(4), pages 361-373.
    7. Johan Swinnen & Alessandro Olper & Senne Vandevelde, 2021. "From unfair prices to unfair trading practices: Political economy, value chains and 21st century agri‐food policy," Agricultural Economics, International Association of Agricultural Economists, vol. 52(5), pages 771-788, September.
    8. Qiao, Fangbin, 2015. "Fifteen Years of Bt Cotton in China: The Economic Impact and its Dynamics," World Development, Elsevier, vol. 70(C), pages 177-185.
    9. Li Zhao & Shumin Liu & Haiying Gu & David Ahlstrom, 2023. "Risk Amplification, Risk Preference and Acceptance of Transgenic Technology," Agriculture, MDPI, vol. 13(10), pages 1-22, September.
    10. Sadashivappa, Prakash & Qaim, Matin, 2009. "Effects of Bt Cotton in India During the First Five Years of Adoption," 2009 Conference, August 16-22, 2009, Beijing, China 49947, International Association of Agricultural Economists.
    11. Bishnu Saha & Rakhal Sarker & Verna Mitura, 2014. "Impact of Genetically Engineered Varieties on the Cost Structure of Corn and Soybean Production in Canada," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 62(2), pages 263-282, June.
    12. Krishna, Vijesh V. & Qaim, Matin, 2012. "Bt cotton and sustainability of pesticide reductions in India," Agricultural Systems, Elsevier, vol. 107(C), pages 47-55.
    13. Gomez-Barbero, Manuel & Rodgriguez-Cerezo, Emilio, 2005. "Estimate of the Potential Adoption of Genetically Modified Cotton by Farmers in Southern Spain and its Economic Implications," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24556, European Association of Agricultural Economists.
    14. Subramanian, Arjunan & Qaim, Matin, 2009. "Village-wide Effects of Agricultural Biotechnology: The Case of Bt Cotton in India," World Development, Elsevier, vol. 37(1), pages 256-267, January.
    15. Carolina González & Nancy Johnson & Matin Qaim, 2009. "Consumer Acceptance of Second‐Generation GM Foods: The Case of Biofortified Cassava in the North‐east of Brazil," Journal of Agricultural Economics, Wiley Blackwell, vol. 60(3), pages 604-624, September.
    16. Steven Sexton & David Zilberman, 2011. "Land for Food and Fuel Production: The Role of Agricultural Biotechnology," NBER Chapters, in: The Intended and Unintended Effects of US Agricultural and Biotechnology Policies, pages 269-288, National Bureau of Economic Research, Inc.
    17. Michel Fok & Marnus Gouse & Jean-Luc Hofs & Johann Kirsten, 2007. "Contextual appraisal of GM cotton diffusion in South Africa," Post-Print halshs-00176546, HAL.
    18. Jin, Jing & Wailes, Eric & Dixon, Bruce & Nayga, Rodolfo M. Jr. & Zheng, Zhihao, 2014. "Consumer Acceptance and Willingness to Pay for Genetically Modified Rice in China," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170503, Agricultural and Applied Economics Association.
    19. Gedikoglu, Haluk, 2013. "A Comprehensive Analysis of Adoption of Energy Crops, GM Crops and Conservation Practices," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142928, Southern Agricultural Economics Association.
    20. Kouser, Shahzad & Qaim, Matin, 2012. "Valuing financial, health and environmental benefits of Bt cotton in Pakistan," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126544, International Association of Agricultural Economists.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ifaamr:92573. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ifamaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.