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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 | Jan 2016

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
$21bn
Annual Growth 10-15
2.5%
Annual Growth 15-20
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Profit
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Employment
503,034
Businesses
476,406
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 Investment Chapter

Overall, the level of capital intensity in the Hay and Crop Farming industry is low. Advanced technology, such as balers in the hay segment and remote sensing systems in the sugar beet segment, has kept capital intensity stable. 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. Moreover, the emergence of agricultural service providers is reducing the number of people directly employed by the industry... 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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