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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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


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