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Hay & Crop Farming in the US: Market Research Report

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

Hay & Crop Farming Market Research Report | NAICS 11199 | Jan 2016

New harvest: Consumer preferences will drive demand for organic hay and processed sugar

IBISWorld’s Hay & Crop Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 10-15
2.5%
Annual Growth 15-20
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Profit
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Employment
503,034
Businesses
476,406
Industry Analysis & Industry Trends

Over the past five years, the Hay and Crop Farming industry has grown despite volatile crop prices and unexpected weather patterns that plagued the industry over the period. Moreover, the industry is projected to continue to grow, albeit at a slower pace. Demand for hay will increase as cattle farmers switch to hay for cattle feed, while organic hay continues to become increasingly popular as consumers opt for organic beef. In addition, consumer preferences will dictate growth in the sugar beet segment as soda and snack manufacturers opt for processed sugar over high-fructose corn syrup... purchase to read more

Industry Report - Industry Analysis Chapter

In the five years to 2015, Hay and Crop Farming industry revenue is forecast to grow at an average annual rate of 2.5% to $21.3 billion. This is despite volatile crop prices and unexpected weather patterns that plagued the industry over the period. These varied factors exert a significant influence over the industry and have led to extreme shifts in revenue and profit.

The diverse composition of the industry creates a mixed bag of trends. While overall factors do affect the entire industry, individual characteristics best define and display the trends within each of the major segments. In general, an average individual farm is not profitable in any given year, but a farmer is likely to experience profit growth over the long run as a result of mixed crops and successful rotations... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hay & Crop Farming Industry?

Over half the farms in this industry grow hay, while a small number grow sugar beets. A variety of other crops, such as hops and herbs, are included in the industry. Some establishments also gather agave, spices, tea and maple sap.

Industry Products
Other HayAlfalfa HaySugar beetsHopsOther Crops
 
Industry Activities
Hay, alfalfa and other farmingSugar beet farmingHop farmingAloe, mint and herb farmingTea and spice farmingMaple tapping


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