Industry Analysis & Industry Trends
The Crop Service industry's performance is the aggregate result of many different types of industry operators. Despite slow growth in the industry's largest market segment, fruit and vegetable farming, revenue has increased moderately over the current five-year period. In the coming years, due to falling crop prices and decreasing planted acreage, crop production is expected to decrease, loosening demand for crop services. Nevertheless, as interest rates increase, farmers will be less inclined to invest in their own machinery, preferring to outsource to industry operators... purchase to read more
Industry Report - Industry Products Chapter
The Crop Services industry provides a wide range of services to the farm sector. Although segmentation is based on revenue, the number of companies and employees within each service segment paints a different picture.
Although postharvest activities dominate the industry in terms of revenue share and number of employees, the number of operators is much smaller. Companies in this segment tend to be substantially larger than the average service provider, with an average of 33 employees, more than twice the industry average of 13. This is because many of the activities included in this industry are performed manually and are very labor-intensive... purchase to read more