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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 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
$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 SWOT Analysis Chapter

The Hay and Crop Farming industry is in a mature phase of its life cycle. Industry value added (IVA), which represents the industry's contribution to the US economy, is expected to grow at an average annual rate of 0.4% over the 10 years through 2020. Meanwhile, GDP is forecast to grow at an average annual rate of 2.2%. Each segment grows at a varying rate due to individual crop prices, yields and downstream demand.

The hay segment will continue to grow, as it reflects steady demand from the livestock industry. While it has grown in size of the past five years, revenue from the hay segment is expected to slow down over the next period... 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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