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Soybean Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Soybean Farming Market Research Report | NAICS 11111 | Feb 2013

Spill the beans: Revenue will stay solid, but competition from foreign producers threatens growth

IBISWorld’s Soybean Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$42bn
Annual Growth 08-13
5.7%
Annual Growth 13-18
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Profit
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Employment
250,523
Businesses
217,908
Industry Analysis & Industry Trends

Although US soybean farmers have grown in the past five years, the industry will continue to face pressure from international operators. With Brazil expected to overtake the United States as the top provider of soybeans, domestic operators will continue to fight for profitability and market share, while battling volatile planting conditions as well. Additionally, as more Americans steer clear of processed foods, the industry will rely on demand from sectors like alternative fuels... purchase to read more

Industry Report - Industry Investment Chapter

Soybean farming requires substantial amounts of capital investment, leading to a high level of capital intensity. Most farming activities such as plowing, sowing and harvesting are mechanized. IBISWorld estimates that for every dollar spent on capital equipment, US soybean farms invest only $0.03 in labor.

Examples of capital equipment needed to operate a farm include tractors, storage mills and irrigation systems. Technological advancements are making these items increasingly costly, but they allow farmers to use less labor and ensure a higher-quality, more consistent crop. Labor requirements are declining in response to advancements in farm equipment. Since labor is not a fixed cost, it fluctuates in response to changing industry conditions and seasons... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Soybean Farming Industry?

Farms in this industry grow soybeans as their main crop. Soybeans are most often used in livestock feeds and vegetable oils with a small but growing proportion being used in biofuel production. Establishments that sell soybean seeds to US farmers for growing crops are also included.

Industry Products
Soybean mealSoybean oilSoybean seedsProcessing waste
 
Industry Activities
Soybean farmingSoybean seed production


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