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 | Sep 2015

Wild crops: Increased production has led to an oversupply of corn, hurting revenue growth

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
Annual Growth 10-15
Annual Growth 15-20
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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 Investment Chapter

Compared with the rest of the farming sector, capitalization in the Corn Farming industry is high. Tractors, combines and storage mills are common features on corn farms and are treated as depreciable assets. According to the 2012 Agricultural Census (the latest data available), the plant and machinery on the average corn farm are worth $326,327. This figure is significantly higher than the crop farming sector average of $154,425. Much of the equipment purchased comprises start-up costs, which creates a barrier to entry for potential corn farmers. However, if an established farmer chooses to include corn into his crop rotation, many of these initial capital investments will be avoided.

Labor intensity fluctuates in response to changing industry and economic conditions... 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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