Industry Analysis & Industry Trends
The Corn Farming industry declined over the five years to 2016, falling from historic highs. New federal regulations created a significant new market for corn, leading corn production to skyrocket in the early part of the past five years. Yet this increase in production has eventually led to an oversupply of the crop, especially as downstream biofuel production has slowed since 2013 due to market saturation. Nevertheless, global demand for corn has renewed. Corn for use as a biofuel input and also as an animal feed input has increased in foreign countries. During the next five years, the industry is expected to bounce back from the lows experienced in 2015 and 2016... purchase to read more
Industry Report - Industry Locations Chapter
Corn is best grown in temperate regions, leading most corn farmers to be located in areas that have plentiful sunshine and rain. Corn can be grown in a variety of climates, however, as long as it is incorporated into a crop rotation process that allows it to be planted in the spring. Other factors influencing geographic spread include proximity to processing plants, soil nutrition and flat terrain. The regional origin largely determines the types of corn grown and crop yields.
The majority of corn produced in the United States is grown in a region known as the Corn Belt, which includes the top three corn-producing states: Iowa, Illinois and Nebraska. Together, these states produce about 40% of the US volume of corn crop... purchase to read more