Overview

Take the field: Industry demand is expected to bounce back from recent declines

IBISWorld’s Corn 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 in this industry
Industry Statistics & Market Size
Revenue
$51bn
Annual Growth
12-17
-8.0%
Annual Growth
17-22
Profit
Employment
155,526
Business
141,669

Industry Threats & Opportunities

  • As prices increase with increased demand, operators will begin to experience revenue growth
  • Due to their rising popularity, GM seeds account for a significant amount of revenue
  • Demand is anticipated to keep growing as renewable energy targets rise each year

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    Industry Analysis & Industry Trends

    The Corn Farming industry declined over the five years to 2017, falling from historic highs. New federal regulations created a significant new market for corn, leading corn production to skyrocket in the early part of the past five years. This increase in production eventually led to an oversupply of the crop, especially as downstream biofuel production has slowed since 2013 due to market saturation. Nevertheless, global demand for corn has renewed. The industry is expected to bounce back from the lows of the previous five-year period. Planted acreage will decrease, leading to a slight decrease in production volumes, which will in turn reduce oversupply and create healthy demand for the crop...

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    Industry Report - Industry Key Buyers Chapter

    Typical of the agricultural sector, Corn Farming industry in the United States is overwhelmingly composed of a large number of relatively small operators, many of which are family owned farms. In fact, 50.1% of farms plant corn acreage totaling less than 100 acres. Conversely, only 14.4% of corn is produced on farms covering 500 acres or more.

    There is a long-term trend toward fewer farms across the agricultural sector, which also applies to corn farmers. Industry concentration is growing largely due to rising costs and intensifying competition; as conditions toughen, smaller farms are forced to sell their land. As a result, fewer, yet larger farms emerge across the industry. Con..

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    Additional Insights for the Corn Farming Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Corn Farming Industry are

  • Ability to alter goods and services produced in favor of market conditions
  • Establishment of export markets
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Price of corn and Demand from organic chemical manufacturing in the Corn Farming industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Corn Farming Industry?

    Operators in this industry primarily grow corn (except sweet corn) and produce corn seeds. Corn commonly refers to the grains or kernels of the tall annual cereal grass Zea mays, and is a staple cereal in many parts of the world. In the United States, it is most commonly used as livestock feed and in the production of ethanol, sweeteners, oil and other products.

    Industry Products
    Corn used in livestock feed
    Corn seeds for sowing
    Corn used in food and alcohol
    Corn used in biofuel production
    Industry Activities
    Growing a variety of corn (except sweet corn)
    Producing corn seeds

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Price of corn
  • Demand from organic chemical manufacturing
  • Subsidies for corn farming
  • Natural disaster index
  • Trade-weighted index

  • Current Performance
  • Support structures
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising exports
  • Threats to growth
  • Table: Corn Farming Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Corn Farming Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Beef Cattle Production
  • Dairy Farms
  • Hog & Pig Farming
  • Chicken Egg Production
  • Flour Milling
  • Margarine & Cooking Oil Processing
  • Tortilla Production
  • Syrup & Flavoring Production
  • Petrochemical Manufacturing
  • Corn, Wheat & Soybean Wholesaling

  • Key Selling Industries
  • Crop Services
  • Farm, Lawn & Garden Equipment Wholesaling
  • Fertilizer Manufacturing
  • Tractors & Agricultural Machinery Manufacturing

  • Products & Services
  • Corn used in livestock feed
  • Corn used in biofuel production
  • Corn used in food and alcohol
  • Corn seeds for sowing
  • Chart: Corn Farming Industry Products and Services Segmentation

  • Demand Determinants
  • Food manufacturers
  • Livestock farmers
  • Ethanol producers

  • Major Markets
  • Animal feed producers
  • Ethanol manufacturers
  • Export markets
  • Food, beverage and other consumable product manufacturers
  • Seed wholesalers
  • Chart: Major Market Segmentation for the Corn Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesRent and utilitiesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Corn Farming

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Corn Farming Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Corn Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Corn Farming Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Planted Acres (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Biofuel
  • Also called agrifuel. A fuel consisting of or derived from dead biological material, usually plants.
  • Ethanol
  • A form of alcohol used as a fuel. It is considered a renewable fuel with fewer pollutants.
  • Genetically Modified (Gm)
  • A technique in which changes are introduced into a plant or animal's DNA by genetic engineering techniques. GM corn has genes that have been altered in order to obtain a specific type of crop.
  • Usda
  • United States Department of Agriculture. This department administers programs aimed at farmers and collects data on the US agriculture sector.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Corn Farming:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Corn Farming market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Corn Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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