Overview

Small harvest: Crop production is expected to decrease, constricting industry demand

The Crop Services 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
$17bn
Annual Growth
12-17
0.3%
Annual Growth
17-22
Profit
Employment
123,580
Business
63,669

Industry Threats & Opportunities

  • Due to falling crop prices and decreasing planted acreage, crop production is expected to decrease
  • Several factors have made it difficult for farmers to find immigrant workhands in the past five years
  • Lower input costs for items like fertilizer will improve industry profit margins

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    Industry Analysis & Industry Trends

    The Crop Service industry's performance is the aggregate result of many different types of industry operators. Despite slow growth in the industry's largest market segment, fruit and vegetable farming, revenue has increased moderately over the current five-year period. In the coming years, due to falling crop prices and decreasing planted acreage, crop production is expected to decrease, loosening demand for crop services. Nevertheless, as interest rates increase, farmers will be less inclined to invest in their own machinery, preferring to outsource to industry operators...

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    Industry Report - Industry Key Buyers Chapter

    The Crop Services industry is highly fragmented and characterized by the presence of many small companies in terms of revenue and employment. Therefore, the top four participants in this industry account for about 5.0% of revenue, combined. Nonemployer companies make up about 90.0% of industry enterprises. Furthermore, more than four-fifths of employer companies in this industry have fewer than 20 employees.

    Consolidation has been concentrated in specific segments of the industry where economies of scale can be realized. Cotton ginners and fruit and vegetable packing houses are among those industry players most likely to take advantage of increased size to generate cost savings through large-scale production. Els..

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    Additional Insights for the Crop Services Industry

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

  • Having a good reputation
  • Superior financial management and debt management
  • Provision of superior after-sales service
  • IBISWorld analysts also discuss how external factors such as Demand from crop production and Agricultural price index in the Crop Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Crop Services Industry?

    Establishments in this industry provide support activities for growing crops. Some examples of these support activities include cotton ginning, soil treatment, crop planting and harvesting. Almost all US farmers, including cotton, wheat, corn and fruit growers, purchase from this industry at some level.

    Industry Products
    Cotton ginning
    Soil preparation, planting and cultivating
    Crop harvesting by machine
    Post-harvest crop activities
    Farm labor contractors and crew leaders
    Farm management services
    Industry Activities
    Cotton ginning
    Soil preparation, planting and cultivating
    Postharvest crop activities (except cotton ginning)
    Crop harvesting, primarily by machine
    Farm labor contractors and crew leaders
    Farm management services

    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 crop production
  • Agricultural price index
  • Price of fertilizer
  • Prime rate

  • Current Performance
  • Global crop prices influence revenue
  • Flexible outsourcing to the industry
  • Labor and company trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Profitability
  • Maintaining a workforce
  • Opportunities and threats
  • Table: Crop Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Crop Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Soybean Farming
  • Corn Farming
  • Wheat, Barley & Sorghum Farming
  • Vegetable Farming
  • Orange & Citrus Groves
  • Fruit & Nut Farming
  • Cotton Farming

  • Key Selling Industries
  • Aircraft, Engine & Parts Manufacturing
  • Chemical Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Lubricant Oil Manufacturing
  • Tractors & Agricultural Machinery Manufacturing

  • Products & Services
  • Post-harvest crop activities
  • Soil preparation, planting and cultivating
  • Farm labor contractors and crew leaders
  • Farm management services
  • Crop harvesting by machine
  • Cotton ginning
  • Chart: Crop Services Industry Products and Services Segmentation

  • Demand Determinants
  • Activity in cropping industries
  • On-farm services, equipment and labor
  • Cost of support services
  • Seasonality

  • Major Markets
  • Grain and oilseed growers
  • Fruit and vegetable growers
  • Other field crop growers
  • Cotton growers
  • Chart: Major Market Segmentation for the Crop Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Crop Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Crop Services Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Crop Services 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 Crop Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (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 agri-fuel or bio-diesel. A fuel consisting of or derived from dead biological material, usually plants.
  • Cooperative
  • A jointly owned, vertically integrated organization, also referred to as a co-op, that produces and distributes goods for the benefit of the owners.
  • Genetically Modified (Gm)
  • Plants and animals that have had their genome modified through genetic-engineering techniques involving the transfer of genetic material from one organism to another.
  • 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 Crop Services:
    • 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 Crop Services 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 Crop Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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