Overview

Hill of beans: Competition from foreign producers threatens industry growth

The Soybean Farming market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$35bn
Annual Growth
11-16
-0.1%
Annual Growth
16-21
Profit
Employment
97,850
Business
101,767

Industry Threats & Opportunities

  • Decreased soybean production will lead to declines in industry revenue
  • The government has provided farmers with some stability over the past five years
  • Competition from international producers will hinder revenue over the next five years

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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...

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    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 US Department of Agriculture, 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. A l..

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    Additional Insights for the Soybean Farming Industry

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

  • Economies of scale
  • Production of premium goods/services
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as Demand from organic chemical manufacturing and Trade-weighted index in the Soybean Farming industry impact industry performance..

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    Look under the hood?

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    Industry Products

    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 meal
    Soybean oil
    Soybean hulls
    Industry Activities
    Soybean farming
    Soybean seed production

    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
  • Demand from organic chemical manufacturing
  • Trade-weighted index
  • World price of soybeans
  • Subsidies for soybean farming

  • Current Performance
  • Boom turns to bust
  • Prices drop dramatically
  • Shift in subsidies
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition overseas strengthens
  • Consumption trends
  • Profitability and industry size
  • Table: Soybean Farming Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Beef Cattle Production
  • Animal Food Production
  • Margarine & Cooking Oil Processing
  • Organic Chemical Manufacturing
  • Corn, Wheat & Soybean Wholesaling

  • Key Selling Industries
  • Biotechnology
  • Crop Services
  • Farm Product Storage & Warehousing
  • Farm, Lawn & Garden Equipment Wholesaling
  • Fertilizer Manufacturing

  • Products & Services
  • Soybean meal
  • Soybean oil
  • Soybean hulls
  • Chart: Soybean Farming Industry Products and Services Segmentation

  • Demand Determinants
  • Livestock production
  • Popularity of alternative energies
  • Price
  • Exchange rates
  • Consumer preferences

  • Major Markets
  • Export market
  • Domestic soybean crushing mills
  • Soybean growers
  • Chart: Major Market Segmentation for the Soybean Farming Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Soybean 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 Soybean 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 Soybean Farming Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • World Price of Soybeans (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Asian Soybean Rust
  • A disease caused by airborne fungi, which kills soybeans. It was discovered in US crops in 2004.
  • Biofuel
  • Also called agrifuel or biodiesel. A fuel consisting of or derived from dead biological material, usually plants.
  • Bushel
  • A unit of mass. A bushel of soybeans equates to 56 pounds or 25.4 kilograms.
  • Genetically Modified (Gm)
  • A technique whereby specific changes are introduced into a plant's or animal's DNA by genetic engineering techniques. The most common modified foods include soybean, corn and canola.
  • Herbicide
  • A substance used to destroy unwanted plants and weeds, while leaving a desired crop relatively unharmed.
  • Soybean Meal
  • The solid protein left over after the oil is removed from soybeans.
  • Yield
  • The amount of soybeans produced per acre of land. For soybeans, this is measured in bushels per acre.
  • 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 Soybean 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 Soybean 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 Soybean Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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