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 - Starting a New Business Chapter
The barriers to entering in this industry vary by segment for new participants. While inputs are readily available for purchase for all of the activities, the high capital investment requirements and technology costs can be prohibitive. This is particularly true for cotton ginning, soil preparation, machine-based harvesting and processing, but is not applicable to labor contracting or management services. Capital expenditures for harvesters, silos and other machinery can range in the millions of dollars, necessitating debt financing, which can be difficult to find.
Like many agricultural service industries, the profitability of this industry is volatile. It depends on a range of external factors that are beyond the control of service providers... purchase to read more