Industry Analysis & Industry Trends
After a global sugar shortage caused sugarcane demand to jump, the industry faces more tepid conditions in the coming years. Consumers' growing health-consciousness will cause them to curtail their sugar consumption. Furthermore, the US government is easing its level of protection for sugar processors, who previously enjoyed inflated domestic sugar prices and a low level of import penetration. The scaled-back federal support for the downstream sugar-processing industry will in turn hurt sugarcane farmers... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry into the Sugarcane Harvesting industry are high compared with other farming industries. The capital requirements in this industry are the highest in the agricultural sector, with land valued at $4,842,911 per farm and machinery worth $602,944 per farm. In comparison, agricultural sector averages for the respective categories are $951,279 and $108,515 per farm. Potential industry entrants must raise upfront funds to purchase land for cropping, buildings and general farm machinery. Sugarcane farming land has become increasingly expensive as efforts of the Florida state government to protect the Everglades intensify.
In some production areas, access to suitable land is also a restraint on entry. This is partly the result of urbanization... purchase to read more