|Production||301.92 Million Bushels||3.927 Billion Bushels|
|Area Planted||5.45 Million Acres||83.28 Million Acres|
|Area Harvested||5.44 Million Acres||82.59 Million Acres|
|Average Crop Yield||55.5 Bu/acre||47.5 Bu/acre|
|Price Paid to Farmers||$10.21/Bushel||$10.08/Bushel|
|Soybean Crop Value||$3,083 billion||$39.58 Billion|
Indiana ranks 4th in soybean production compared to other states.
Top-Producing Counties in 2014
2014 Indiana Averages of Soybean Bushels per Acre Produced by County (see map below)
2011 Indiana Soybean Markets
Source: Informa Economics
- Biotech crops are grown by 14 million farmers in 25 countries, mostly in developing nations. (International Service for the Acquisition of Agri-Biotech Applications (ISAAA), Brief 41-2009)
- The soybean research pipeline currently holds as many as 12 key soybean biotech events that could be part of new, commercialized U.S. soybean varieties within the next five to seven years.
- Many traits that are in the soybean pipeline include ones that have benefits for consumers such as heart healthy omega-3 fatty acid, low saturates and, eventually, antibodies.
- An Iowa State University study shows that without biotechnology, global prices would be nearly 10 percent higher for soybeans.
- Biotechnology also benefits the environment. A Center for Applied Special Technology report says biotech soy, corn and cotton have decreased soil erosion by 90 percent, preserving 37 million tons of topsoil. Biotech crops also provide a 70 percent reduction in herbicide runoff and an 85 percent reduction in greenhouse gas emissions.
- By developing special traits in plants, biotechnology allows for more food to be grown in more places using fewer chemicals and fewer natural resources.
- Plant breeding also results in crops better able to withstand the environmental challenges of drought, disease and insect infestations.
- This increased availability of crops provides significant economic gains to farmers indeveloping countries.
Source: 2011 United Soybean Board