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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 | Apr 2016

Hill of beans: Competition from foreign producers threatens industry growth

IBISWorld’s Soybean Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

The Soybean Farming industry experienced a volatile five years to 2016. Industry revenue grew immensely during the beginning of the period, lifted by skyrocketing oilseed prices. The rising demand for food from developing countries has supported industry exports, however the appreciating US dollar has kept exports steady. Meanwhile the rapid expansion of biofuel production spurred demand for soybeans at home. In addition, a surge in foreign inventory is responsible for the United States' declining share of global exports. During the next five years, soybeans are anticipated to maintain their position as the second-largest crop in the United States, behind corn... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Energy Independence and Security Act of 2007 and the Food, Conservation and Energy Act of 2008 revived this 200-year-old industry. Over the past 10 years, the Soybean Farming industry has been able to ride on the coattails of ethanol and biodiesel manufacturers as they quickly scaled up to meet the biofuel goals set by Congress. As a result, soybean prices skyrocketed and revenue soared. These factors effectively increased the industry's contribution to the economy as measured by industry value added (IVA). However, gains were offset by falling soybean prices that began in 2013 and are expected to continue through 2016... 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 hulls
Industry Activities
Soybean farmingSoybean seed production

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