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Abstract
Excerpt: The analysis reported here evaluates the possibility of attaining in 1973 production goals of 1.4 billion bushels of soybeans and 5.0 billion bushels of corn and assesses implications of achieving such production. The report focuses on production--not on demand. The report also focuses on soybeans although relationships among soybeans, corn, and other crops are examined. First, the production goals are placed in historical perspective, and the acreages implied by the goals are estimated. Second, price and nonprice factors affecting soybean production and their short-run impact on the expansion of soybean production are examined by major production regions. Third, changes in farm commodity programs are evaluated relative to the corn and soybean production targets.