Industry Analysis & Industry Trends
Although US soybean farmers have grown in the past five years, the industry will continue to face pressure from international operators. With Brazil expected to overtake the United States as the top provider of soybeans, domestic operators will continue to fight for profitability and market share, while also battling volatile planting conditions. Additionally, as more Americans steer clear of processed foods, the industry will rely on demand from sectors like alternative fuels... purchase to read more
Industry Report - Starting a New Business Chapter
Overall, there are few barriers to entry into this industry. Generally, all inputs are readily available, farmers can easily shift between agricultural activities, and there is often a number of farms for sale. Nonetheless, capital investment requirements may prohibit some people from entering. For existing grain producers, it is much easier to switch to soybeans or include them as part of their plantings. Beyond seeds, soybean farming requires no special inputs. Existing farms can simply reallocate their expertise, land, machinery, fencing and buildings to soybean growing.
Setting up a farm from the ground up requires considerable investment. New participants need to purchase or lease land, grain silos and essential machinery such as harvesters and tractors... purchase to read more