How Many Acres of Soybeans are needed?

Last month, a USDA survey on crop revealed that soybean production is increasing at an unexpected rate. There is an expected 81,493 million acres of soybeans to be planted this year, which is over 3 million more than last year and almost 5 million more than the year before. Agricultural economist Darrel Good from the University of Illinois credits this rise in production on the high global demand for soybeans and the resulting high prices of soybeans relative to other crops, particularly corn. 

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