The Economic Power of Soybeans

Earlier this spring, the soybean was officially designated as the state bean of Illinois following the passage of House Bill 4439. The move highlights the crop’s vital role in Illinois’ economy, particularly in agriculture, where soybeans remain one of the state’s most valuable commodities.

Illinois leads the nation in soybean production, accounting for approximately 15% of all soybeans grown in the United States, according to the Illinois Farm Bureau. In 2023 alone, Illinois farmers produced nearly 700 million bushels of soybeans. Central Illinois, including Sangamon County, plays a key role in that output. Sangamon County farmers harvested more than 150,000 acres of soybeans last year, reflecting the crop’s dominance across the region.

Decatur, often referred to as the "soybean capital of the world," is home to major processing facilities that turn raw soybeans into animal feed, cooking oil, biodiesel, and countless everyday products. The city serves as a national hub for soybean innovation and trade.

Soybeans are not only essential to Illinois agriculture but also to the broader economy. The crop supports tens of thousands of jobs across farming, transportation, processing, and export sectors. Illinois-grown soybeans are shipped around the globe, with top international markets including China, Mexico, and the European Union.

"As the largest soybean-producing state, we commend the General Assembly in passing House Bill 4439 to recognize the importance of soybeans to Illinois agriculture," said Illinois Soybean Association Chairman Ron Kindred.

The new law adds soybeans to Illinois' growing list of official state symbols, honoring their deep connection to the state’s heritage, economy, and global agricultural leadership.