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 Analysis Chapter
The Crop Services industry provides farms with support services, such as crop dusting, crop harvesting and labor contracting, making its performance closely related to changes in domestic and international crop production industries. Because the industry provides a wide variety of services, falling demand in one segment (e.g. contract labor) may be offset by positive results in another (e.g. mechanized harvesting). Overall, industry performance is the aggregate result of a number of specialized operators that service different crops. IBISWorld expects revenue to grow an estimated 0.7% per year on average in the five years to 2016, to $16.3 billion.
Global crop prices influence revenue
Changes in industry revenue are closely linked to crop price trends... purchase to read more