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