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Soybean Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Soybean Farming Market Research Report | NAICS 11111 | Oct 2014

Spill the beans: Revenue will stay solid, but competition from foreign producers threatens growth

IBISWorld’s Soybean Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
254,531
Businesses
220,215
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 - Industry Investment Chapter

Soybean farming requires substantial amounts of capital investment, leading to a high level of capital intensity. This is due to the fact that most farming activities such as plowing, sowing and harvesting are now mechanized. IBISWorld estimates that for every dollar spent on capital equipment, US soybean farms invest only $0.03 in labor.

Examples of capital equipment needed to operate a farm include tractors, storage mills and irrigation systems. Technological advancements are making these items increasingly costly, but they allow farmers to use less labor and ensure a higher-quality, more consistent crop. Labor requirements are declining in response to advancements in farm equipment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Soybean Farming Industry?

Farms in this industry grow soybeans as their main crop. Soybeans are most often used in livestock feeds and vegetable oils, with a small but growing proportion being used in biofuel production. Establishments that sell soybean seeds to US farmers for growing crops are also included.

Industry Products
Soybean mealSoybean oilSoybean seedsProcessing waste
 
Industry Activities
Soybean farmingSoybean seed production


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