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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 2014

Parched corn: Mandates for biofuel and steady demand will benefit the industry in due time

IBISWorld’s Corn Farming market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$63bn
Annual Growth 09-14
4.2%
Annual Growth 14-19
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Profit
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Employment
205,430
Businesses
127,789
Industry Analysis & Industry Trends

Over the past decade, corn has become the cash crop of the 21st century. The crop's popularity has been facilitated by federal mandates for ethanol use that are designed to reduce the United States' foreign oil dependency. With rising demand, the adoption of genetic modification (GM) technology has helped farmers heighten yields. Furthermore, both domestic and global demand growth exceeded the rise in supply, resulting in price increases and improved profitability for growers. While industry revenue is expected to fall over the five years to 2019, the long-term future for corn farmers is expected to be optimistic, since demand is anticipated to keep growing as renewable energy targets rise each year... 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

 


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 ethanol production
 
Industry Activities
Growing a variety of corn (except sweet corn)Producing corn seeds


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