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 Analysis Chapter
In the five years to 2013, Hay and Crop Farming industry revenue is forecast to subside slightly at an average annual rate of 0.1% to $21.9 billion. Volatile crop prices and unexpected weather patterns are the primary drivers of industry revenue. Varied factors have different effects on the distinct product segments, ultimately contributing to high volatility in revenue and profit for industry operators.
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... purchase to read more