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 Key Buyers Chapter
The Hay and Crop Farming industry is characterized by a low level of ownership concentration compared with other sectors of the US economy. The industry is dominated by small and medium sized farms, with average farm revenue well below a 0.1% share of industry sales.
In the hay segment, the industry lacks organized systems of production. In many cases, farmers grow hay and other crops and will enter and exit the industry in response to changing returns. These conditions have been responsible for the dispersed nature of hay production. In the long term, however, pressure to reduce costs and increase efficiency is slowly causing the industry to shift toward larger-scale centralized production... purchase to read more