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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 2014

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

IBISWorld’s Hay & Crop Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 09-14
6.2%
Annual Growth 14-19
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Profit
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Employment
560,607
Businesses
480,234
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, while organic hay continues 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 Products Chapter

Hay

The industry's main product is hay, which accounts for an estimated 86.7% of revenue in 2014. The product can be subdivided into alfalfa hay and other hay, representing 46.8% and 39.6% of industry revenue, respectively. Alfalfa hay has higher protein content than other hay; however, it requires more water and fertilizer to grow and tends to be more susceptible to insect damage. The price for alfalfa hay is higher than the price for any other hay, making it a larger portion of segment revenue in 2014. Hay categorized under the 'other hay' category includes clover hay, grass hay and hybrid varieties. The share of alfalfa hay has fallen slightly over the five years to 2014; meanwhile, other hay's market share has fallen slightly as well... 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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