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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 | Mar 2016

Take the field: Industry demand is expected to bounce back from recent declines

IBISWorld’s Corn Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$47bn
Annual Growth 11-16
-10.7%
Annual Growth 16-21
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Profit
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Employment
274,755
Businesses
163,287
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 Key Buyers Chapter

Typical of the agricultural sector, Corn Farming industry in the United States is overwhelmingly composed of a large number of relatively small operators, many of which are family-owned farms. In fact, about 50.1% of farms plant corn acreage totaling less than 100 acres. Conversely, only 14.4% of corn is produced on farms covering 500 acres or more.

There is a long-term trend toward fewer farms across the agricultural sector, which also applies to corn farmers. Industry concentration is growing largely due to rising costs and intensifying competition; as conditions toughen, smaller farms are forced to sell their land. As a result, fewer, yet larger farms emerge across the industry... 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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