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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 | Apr 2015

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

The Corn Farming market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$47bn
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 - Industry Products Chapter

Corn used in biofuel production

Corn farmers increasingly dedicate their land to cultivating high-value corn varieties with greater oil content, for use in biofuel production. Corn used in biofuel production accounts for about 44.3% of revenue. This segment increased significantly since the enactment of the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007 because selling to ethanol producers is far more lucrative. By comparison, only 41.5% of the domestically harvested corn was used in ethanol production in 2010.

Corn used in livestock feed

Livestock feed is expected to account for about 44.3% of production... 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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