Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 6/29/18


Examining the competitiveness of soybean production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured.  To be useful, international data needs to be expressed in common production units and converted to a common currency.  Also, production and cost measures need to be consistently defined across production regions or farms. This paper examines the competitiveness of soybean production for important international soybean regions using 2013 to 2016 data from the agri benchmarknetwork.  Earlier papers used 2012 to 2014 data (farmdoc daily December 4, 2015) and the 2013 to 2015 data (farmdoc daily September 9, 2016) to examine competitiveness.  The agri benchmark network collects data on beef, cash crops, dairy, pigs and poultry, horticulture, and organic products.  There are 38 countries represented in the cash crop network.  

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