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Corn Farming in the US Industry Data and Analysis
In recent years, the US corn farming industry has experienced volatile revenue largely driven by changes in corn prices, production levels and crop yields. In 2021 and 2022, corn prices saw a significant increase, which resulted in considerable revenue growth for farmers. This increase was fueled by high demand for biofuels and animal feeds and limited global supplies. However, as production ramps up both domestically and internationally, the industry has begun to feel downward pressure on corn prices. Record yields have led to oversupply, driving prices downward and increasing market competition. While sectors like livestock agriculture and industrial production have supported demand, the surplus has outpaced consumption and kept prices lower, causing challenges for farmers trying to maintain profit as fertilizer and seed prices stay high. Industry revenue has shrunk at a CAGR of 4.8% to reach an estimated $70.4 billion after an increase of 2.7% in 2026.
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What's included in this industry analysis
IBISWorld's research coverage on the Corn Farming industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Corn Farming industry in the United States operates under the NAICS industry code 11115. 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, 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. Related terms covered in the Corn Farming industry in the United States include ethanol, genetically modified (gm), biofuel and united states department of agriculture (usda).
What's included in this industry?
Products and services covered in Corn Farming industry in the United States include Corn for grain, Corn for silage and Organic corn.
What companies are included in this industry?
The Corn Farming industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Corn Farming industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Corn Farming industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Corn Farming industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Corn Farming industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Corn Farming industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Corn Farming industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Corn Farming industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Corn Farming industry in the United States.
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Frequently Asked Questions
What is the market size of the Corn Farming industry in the United States in 2026?
The market size of the Corn Farming industry in the United States is $70.4bn in 2026.
How many businesses are there in the Corn Farming industry in the United States in 2026?
There are 199k businesses in the Corn Farming industry in the United States, which has grown at a CAGR of 2.6 % between 2021 and 2026.
How may import tariffs affect the Corn Farming industry in the United States?
The Corn Farming industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Corn Farming industry in the United States?
The Corn Farming industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Corn Farming industry in the United States grown or declined over the past 5 years?
The market size of the Corn Farming industry in the United States has been declining at a CAGR of 4.8 % between 2021 and 2026.
What is the forecast growth of the Corn Farming industry in the United States over the next 5 years?
Over the next five years, the Corn Farming industry in the United States is expected to grow.
What does the Corn Farming industry in the United States include?
Growing corn for use in livestock feed and Growing corn for use in biofuel production are part of the Corn Farming industry in the United States.
How competitive is the Corn Farming industry in the United States?
The level of competition is moderate and steady in the Corn Farming industry in the United States.
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