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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Locations Chapter

Soybean farming can develop only in areas that have adequate sunshine and rain. Other factors influencing geographic spread include proximity to oilseed processors, soil nutrition and flat terrain. Generally, soybeans require similar growing conditions as corn, so most soybean farms are concentrated in the Corn Belt and the lower Mississippi Valley. In most cases, soybeans will be grown together with corn, wheat and forage crops as part of a crop rotation system. Sometimes, farmers also grow soybeans instead of other crops when adverse weather patterns delay spring planting of grains. The industry's geographic spread does not change substantially from year to year, although varying yields and weather conditions may change the relative contributions of various states... 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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