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 battling volatile planting conditions as well. 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 - Industry Key Buyers Chapter
The Soybean Farming industry is overwhelmingly characterized by family-held individual farms. In most cases, soybean producers operate as partnerships and sole proprietors rather than corporations. Despite some farm consolidations, the industry remains fragmented. According to the USDA, the average soybean farm generates about $67,333 in soybean sales a year.
There is a long-term trend toward fewer farms across the agricultural sector, and this applies to the Soybean Farming industry as well. This trend is a result of rising costs and competition that make it difficult for smaller farms to succeed. Owners of these small farms are forced to form cooperatives or sell their land, leading to fewer farms that are larger than before... purchase to read more