Industry Analysis & Industry Trends
The Corn Farming industry declined over the five years to 2015, falling from historic highs in the past five years. Government regulations created a significant new market for corn, causing corn production to skyrocket in the early part of the past five years. However, this increase in production has eventually led to an oversupply of the crop, especially as downstream biofuel production has slowed. Nevertheless, global demand for corn has renewed and planted acreage will decrease, leading to healthy demand for the crop in the next five years... purchase to read more
Industry Report - Industry Products Chapter
Corn used in biofuel production
Corn farmers increasingly dedicate their land to cultivating high-value corn varieties with greater oil content, for use in biofuel production. Corn used in biofuel production accounts for about 44.3% of revenue. This segment increased significantly since the enactment of the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007 because selling to ethanol producers is far more lucrative. By comparison, only 41.5% of the domestically harvested corn was used in ethanol production in 2010.
Corn used in livestock feed
Livestock feed is expected to account for about 44.3% of production... purchase to read more