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

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  • 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
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    References listed on IDEAS

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    1. Matin Qaim, 2009. "The Economics of Genetically Modified Crops," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 665-694, September.
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    2. 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.
    3. 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.
    4. Habineza M. Jean Pierre & Josiah M. Kinama & Florence M. Olubayo & Susan W. Wanderi & James W. Muthomi & Felister M. Nzuve, 2018. "Effect of Intercroping Maize-Soybean on Grain Quality Traits in Kenya," Journal of Agricultural Science, Canadian Center of Science and Education, vol. 10(2), pages 341-341, January.
    5. 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.
    6. 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.
    7. Julián Benitez & Roger Domecq, 2014. "Analysis of meteorological drought episodes in Paraguay," Climatic Change, Springer, vol. 127(1), pages 15-25, November.
    8. 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.
    9. 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.
    10. 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).
    11. Raushan Yerzhebayeva & Svetlana Didorenko & Sholpan Bastaubayeva & Aigul Amangeldiyeva & Bekzhan Maikotov & Rinat Kassenov & Yuri Shavrukov, 2024. "Soybean Drought Tolerance and Escape: Field Trial Assessment of Yield, Maturity Groups and Smooth-Wrinkled Seed Coats in Kazakhstan," Agriculture, MDPI, vol. 14(11), pages 1-18, October.
    12. Elahe Shahkoomahally & Shirin Shahkoomahally, 2017. "Investigating of N and K Fertilizers on Yield and Components of Soybean (Glycine max (L.) Merr.)," Journal of Agricultural Science, Canadian Center of Science and Education, vol. 9(10), pages 1-85, September.
    13. 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.
    14. Mee-Jung Kim, 2024. "Seeds Treatment with Ginger (Zingiber officinals Rosc.) Extract Enhanced the Yield and Nutritional Value of Soybean Sprouts," International Journal of Sciences, Office ijSciences, vol. 13(01), pages 46-51, January.

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