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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 SWOT Analysis Chapter

Over the past five years, increasing demand from ethanol manufacturers and adoption of genetically modified (GM) seeds revitalized the Corn Farming industry. Nevertheless, IBISWorld projects that industry value added, a measure of the industry's contribution to the economy, will fall at an average annual rate of 10.4% over the 10 years to 2021. The price of corn was decimated over the past five years, causing overall revenue to decline, bringing down IVA's overall value. Similarly, a reduction in federal payments to farmers is expected to temper profit margins in the coming years. In comparison, US GDP is expected to grow an annualized 2.2% in the 10 years to 2021... 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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