ERS - Economic Research Service

06/01/2023 | Press release | Distributed by Public on 06/01/2023 12:56

Characteristics and Trends of U.S. Soybean Production Practices, Costs, and Returns Since 2002

June 2023

Characteristics and Trends of U.S. Soybean Production Practices, Costs, and Returns Since 2002

by Kate Vaiknoras and Todd Hubbs

In the past 20 years, U.S. soybean acreage has grown 18 percent, from 74 million to 87 million acres. Soybean yields have also increased. This study uses nationally representative survey data of U.S. soybean farmers (along with costs and returns data) to examine how production practices, export demand, public policy, and environmental factors have changed over the past 20 years.

Keywords: Soybeans, farm characteristics, agricultural production practices, commodity costs and returns, Agricultural Resource Management Survey (ARMS)

In this publication...