Industry Analysis & Industry Trends
Demand for crop support services closely follows demand for crop production. Fortunately for the industry, US farmers have benefited from increased consumption and biofuel production in recent years, as well as a shortage in global supplies following adverse farming conditions in other countries. Increasing automation in the agriculture sector will also boost demand for outsourced services, as many farmers may not have the capital required to perform some tasks... purchase to read more
Industry Report - Industry Investment Chapter
The level of capital intensity varies among industry service segments. Some services, such as picking fruit and vegetables for the fresh market, are very labor-intensive, while others, such as soil testing, rely on advanced technology. Overall, the level of capital intensity in the industry has been rising during the past decade. New technology and the ongoing automation of production processes are reducing the number of workers necessary to perform tasks. In addition, the market segments that demand services for which machinery is required have been growing.
Ginning is a capital-intensive process. Because much of the ginning process is automated, workers predominately perform a monitoring function, ensuring that problems in machinery are identified and repaired... purchase to read more