Overview

Poor harvest: Falling prices and weakening export demands cause the industry to falter

IBISWorld’s Wheat, Barley & Sorghum 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
$12bn
Annual Growth
12-17
-10.0%
Annual Growth
17-22
Profit
Employment
97,427
Business
89,235

Industry Threats & Opportunities

  • Appreciation in the price of wheat will mitigate industry declines
  • The strength of the US dollar proves detrimental to the industry’s lucrative exports
  • Reductions in wheat-harvested acreage will be offset by increasing yields per acre

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    Industry Analysis & Industry Trends

    The Wheat, Barley and Sorghum Farming industry has experienced a volatile five years to 2017. Falling output prices, such as that of wheat, have been detrimental to revenue growth within the industry. Traditionally, most revenue has been earned from the export of industry products, but as the value of the US dollar has risen, export demands have fallen. Despite this volatility, the industry's rate of decline is anticipated to slow, and, as the price of wheat is anticipated to increase and the trade-weighted index is anticipated to decrease, demand should stabilize over the five years to 2022...

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    Industry Report - Industry SWOT Analysis Chapter

    IBISWorld analysis finds the Wheat, Barley and Sorghum Farming industry to be in the mature stage of its life cycle. This volatile industry is expected to record varying value-added growth over the 10 years to 2022, outperforming GDP in some years, while falling extremely short in others. Industry value added (IVA), which measures the industry’s contribution to the overall economy, is expected to decline at an annualized rate of 6.2% over the 10 years 2022. Meanwhile, GDP is expected to grow at an annualized rate of 2.0% over the same period. Whi..

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    Additional Insights for the Wheat, Barley & Sorghum Farming Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wheat, Barley & Sorghum Farming Industry are

  • Ability to alter goods and services produced in favor of market conditions
  • Economies of scale
  • Appropriate physical growing conditions
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and World price of wheat in the Wheat, Barley & Sorghum Farming industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Wheat, Barley & Sorghum Farming Industry?

    Farmers in this industry primarily grow one or more varieties of wheat or a combination of sorghum, barley, oats, rye and other grains, where no single crop accounts for more than half the total value of production of the farm.

    Industry Products
    Hard red winter wheat
    Hard red spring wheat
    Soft red winter wheat
    White wheat
    Durum
    Sorghum
    Barley
    Industry Activities
    Growing hard red wheat
    Growing soft red wheat
    Growing white wheat
    Growing Durum wheat
    Growing sorghum
    Growing barley
    Growing oats
    Growing rye

    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
  • Trade-weighted index
  • World price of wheat
  • Demand from animal food production
  • Per capita wheat flour consumption
  • Subsidies for cereal grain farming

  • Current Performance
  • Global appetites
  • Domestic demand
  • Volatility in profit and size
  • Genetic modification
  • Chart: Revenue Growth

  • Industry Outlook
  • Dynamics of Trade
  • Only the strong survive
  • Table: Wheat, Barley & Sorghum Farming Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wheat, Barley & Sorghum Farming Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Beef Cattle Production
  • Hog & Pig Farming
  • Chicken Egg Production
  • Animal Food Production
  • Flour Milling
  • Breweries
  • Corn, Wheat & Soybean Wholesaling
  • Chicken & Turkey Meat Production

  • Key Selling Industries
  • Crop Services
  • Farm Product Storage & Warehousing
  • Farm, Lawn & Garden Equipment Wholesaling
  • Fertilizer Manufacturing
  • Long-Distance Freight Trucking
  • Water Supply & Irrigation Systems
  • Wheat, Barley & Sorghum Farming

  • Products & Services
  • Hard red winter wheat
  • Hard red spring wheat
  • Sorghum
  • Soft red winter wheat
  • Barley
  • White wheat
  • Durum
  • Other
  • Chart: Wheat, Barley & Sorghum Farming Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Food and beverage producers
  • Animal food
  • Seed
  • Chart: Major Market Segmentation for the Wheat, Barley & Sorghum Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Rent, utilities and other
  • Chart: Cost Structure Benchmarking – Sector vs Wheat, Barley & Sorghum Farming

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wheat, Barley & Sorghum 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 Wheat, Barley & Sorghum 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 Wheat, Barley & Sorghum 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)
  • World price of wheat (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Biofuel
  • Any fuel produced from biomass or organic materials including biodiesel and ethanol.
  • Bushel
  • A unit of mass equal to 56 pounds or 25.4 kilograms.
  • Genetically Modified
  • Also referred to as GM, organisms that have had their DNA altered through genetic engineering to exhibit desired traits.
  • Herbicide
  • A chemical agent that destroys plants or stunts their growth. Often used to kill weeds that inhibit crop growth.
  • Pesticide
  • A chemical applied to crops to kill pests.
  • Yield
  • The amount of a crop produced per acre of land, measured in bushels per acre for grains.
  • 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 Wheat, Barley & Sorghum 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 Wheat, Barley & Sorghum 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 Wheat, Barley & Sorghum Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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