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