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 - 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