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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Starting a New Business Chapter

Overall, there are few barriers to entry into the Hay and Crop Farming industry. Generally, all inputs are readily available, producers can typically shift between agricultural activities with ease, and there are often a number of farms for sale. Nonetheless, two possible barriers include capital investment requirements and problems securing finance for such investment.

The establishment of crop farming operations requires some investment. New participants need to purchase land, machinery such as harvesters and tractors, and irrigation equipment for sugar beet crops. According to the 2012 Agricultural Census (latest available), the average US hay farm occupies land and buildings worth $549,579 and employs plant and machinery valued at $54,681... 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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