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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 | Dec 2013

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
$22bn
Annual Growth 08-13
-0.1%
Annual Growth 13-18
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Profit
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Employment
560,127
Businesses
515,362
Industry Analysis & Industry Trends

The overall industry is forecast to continue growing at a moderate rate over the next five years. Demand for hay will increase as cattle farmers switch to hay for cattle feed, and organic hay will continue to become increasingly popular as consumers opt for organic beef. Consumer preferences will also 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 Investment Chapter

Overall, the level of capital intensity in the Hay and Crop Farming industry is high. Advanced technology, such as balers in the hay segment and remote sensing systems in the sugar beet segment, has increased capital intensity considerably. On average, for every dollar spent on wages, industry operators spend $1.14 on capital expenses. The opportunity cost is added into this ratio because IBISWorld measures the labor intensity relative to capital intensity. Because most labor is unpaid, the opportunity cost must be used to represent family workers.

The widespread use of labor-saving techniques means that labor is almost exclusively employed to operate heavy machinery such as tractors and balers... 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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