Plentiful harvest: Increasing demand from biofuel producers supports a return to industry growth

The Farm Product Storage and Warehousing industry's performance depends largely on the performance of the upstream agricultural sector and related international trade. Industry operators generate revenue by transporting, storing and packing agricultural goods. Over the five years to 2022, industry revenue is anticipated to continue its decline. Demand from soybean farming is forecast to decline and corn farming is anticipated to only grow slightly. Overall crop production exhibits long-term stable trends, as demand is relatively inelastic...read more.

Industry Statistics & Market Size
Revenue
$851m
Annual Growth 12-17
1.2%
Forecast Growth 17-22
Profit
Employment
7,569
Businesses
644
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • Russia’s ban on wheat exports underpinned the demand from US wheat farmers
  • A long-term trend has been the rise in demand for agricultural products from developing countries
  • Demand from crop farming is expected to grow over the next five years
  • Industry Report - Industry Products Chapter

    Storage and handling servicesStorage services can be broken down into on-farm and off-farm storage. On-farm storage refers to farms that have their own facilities for storing harvested grain. After being stored in on-farm facilities, the grain can be transported to a country or terminal elevator or sold directly to the customer for processing. According to the US Department of Agriculture, the majority of grain produced in the US is stored on-farm in the producers' bins. Corn stored in on-farm facilities can be kept for up to six months. This is a relatively short-term storage option compared with off-farm storage. Producers who store their own grain are responsible for its quality and risk receiving a lower sale price if the quality falls. The...purchase to read more.

    Additional Insights for the Farm Product Storage & Warehousing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Farm Product Storage & Warehousing Industry are

  • Proximity to transport
  • Access to the latest available and most efficient technology and techniques
  • Appropriate climatic conditions
  • IBISWorld analysts also discuss how external factors such as Agricultural price index and Trade-weighted index in the Farm Product Storage & Warehousing industry impact industry performance..

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    What is the Farm Product Storage & Warehousing Industry?

    This industry operates bulk farm product warehousing and storage facilities (except refrigerated). Warehouses generally provide facilities and storage services for agricultural goods and are responsible for maintaining their security and condition. However, warehouses do not take ownership of or sell those goods. The majority of this industry is involved in storing grain and other farm products.

    Industry Products
  • Storage services
  • Handling services
  • Packing services
  • Industry Activities
  • Bonded warehousing of farm products
  • Farm product warehousing and storage
  • Grain elevator storage
  • Warehousing farm products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Agricultural price index
  • Trade-weighted index
  • Per capita sugar and sweetener consumption
  • Per capita wheat flour consumption
  • Population

  • Current Performance
  • Growth Factors
  • Drags on revenue
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Agricultural prices and trade
  • Genetic modification
  • Table: Farm Product Storage & Warehousing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Farm Product Storage & Warehousing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Soybean Farming
  • Oilseed Farming
  • Corn Farming
  • Wheat, Barley & Sorghum Farming
  • Hay & Crop Farming

  • Key Selling Industries
  • Forklift & Conveyor Manufacturing
  • Metal Tank Manufacturing
  • Pesticide Manufacturing
  • Steel Framing
  • Tractors & Agricultural Machinery Manufacturing

  • Products & Services
  • Storage services
  • Handling services
  • Packing services
  • Other
  • Chart: Farm Product Storage & Warehousing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Soybean farmers
  • Corn farmers
  • Wheat farmers
  • Other
  • Chart: Major Market Segmentation for the Farm Product Storage & Warehousing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages and depreciationRent, Utilities and other
  • Chart: Cost Structure Benchmarking – Sector vs Farm Product Storage & Warehousing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Farm Product Storage & Warehousing Industry

  • Industry Globalization
    Archer Daniels Midland Company
  • Table: Archer Daniels Midland Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Farm Product Storage & Warehousing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Farm Product Storage & Warehousing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Agricultural price index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Biofuels
  • Fuels made from organic materials such as ethanol and biodiesel.
  • Country Elevator
  • Grain elevators that receive grain directly from producers for storage, prior to transportation
  • Ethanol
  • A form of alcohol used as a fuel, which is primarily made from grains such as corn and soybeans. It is considered to be a renewable fuel with fewer pollutants.
  • Genetically Modified
  • A technique where specific changes are introduced into a plant or animal's DNA by genetic engineering techniques. The most common modified foods include soybeans, corn and canola.
  • On-Farm Storage
  • Farms that have their own facilities for storing harvested grain.
  • Oxidant
  • A substance that oxidizes another element or compound by accepting electrons in a chemical reaction.
  • Terminal
  • Grain elevators that receive grain after inspection and then clean, store, and treat grain before moving it forward
  • Why buy this report?

    IBISWorld’s industry research report on Farm Product Storage & Warehousing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    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
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    This report on Farm Product Storage & Warehousing:
    • 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 Farm Product Storage & Warehousing 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 Farm Product Storage & Warehousing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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