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Corn Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Corn Farming Market Research Report | NAICS 11115 | Sep 2015

Wild crops: Increased production has led to an oversupply of corn, hurting revenue growth

IBISWorld’s Corn 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
$48bn
Annual Growth 10-15
-7.9%
Annual Growth 15-20
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Profit
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Employment
274,661
Businesses
159,120
Industry Analysis & Industry Trends

The Corn Farming industry declined over the five years to 2015, falling from historic highs in the past five years. Government regulations created a significant new market for corn, causing corn production to skyrocket in the early part of the past five years. However, this increase in production has eventually led to an oversupply of the crop, especially as downstream biofuel production has slowed. Nevertheless, global demand for corn has renewed and planted acreage will decrease, leading to healthy demand for the crop in the next five years... purchase to read more

Industry Report - Starting a New Business Chapter

Overall, there are few barriers to entry into the Corn Farming industry. All inputs are readily available and established producers can usually shift between cropping activities with ease. Also, there are usually a number of farms available for sale. In the past five years, many farmers across the farming sector abandoned other crops in favor of corn, which was made possible by the ease of entry into the industry. Though the industry is relatively easy to enter, there are two barriers that new entrants must face: capital investment requirements and problems securing finance for that investment.

The establishment of corn growing operations requires considerable investment. New participants need to purchase land, grain silos and machinery, such as harvesters and tractors... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Corn Farming Industry?

Operators in this industry primarily grow corn (except sweet corn) and produce corn seeds. Corn commonly refers to the grains or kernels of the tall annual cereal grass, Zea mays, and is a staple cereal in many parts of the world. In the United States, it is most commonly used as livestock feed and in the production of ethanol, sweeteners, oil and other products.

Industry Products
Corn used in livestock feedCorn seeds for sowingCorn used in food and alcoholCorn used in biofuel production
 
Industry Activities
Growing a variety of corn (except sweet corn)Producing corn seeds


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