High yield: Growth in emerging economies will continue to present an opportunity for revenue growth

The net effect of reduced prices has slowed the Potato Farming industry's growth over the five years to 2017. Moreover, the appreciation of the US dollar has made potatoes more expensive and less competitive on the global market, resulting in constrained export volumes. The industry is in a constant balancing act with downstream markets, trying to keep its output at levels that will yield desirable selling prices. However, this is not a surefire strategy; for example, a bumper crop in 2012 led to a surplus, causing prices to drop. Over the five years to 2022, industry growth is expected to be driven primarily by crop price appreciation and increases in export volumes...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Prices have been slow to readjust because farmers have proved somewhat unwilling or unable to reduce their planted acres and yields
  • Price appreciation from the sweet potatoes segment has actually supported industry growth
  • As more consumers turn away from wheat and other grains, potatoes will pick up some of the slack
  • Industry Report - Industry Locations Chapter

    Idaho (28.9%) and Washington (15.1%) take the lead in US potato production, accounting for nearly 50.0% of total production in the Potato Farming industry. Overall, the West region produce just over one-fifth (22.0%) of all potatoes, while the Plains producers just under one-fifth (19.3%). Currently, production of potato farming totals about 44.0 billion lbs. and production continues to rise as yields trend upward. Yields have increased because of advancements such as the use of irrigation systems, innovations in transportation infrastructure, and the increased use of chemical inputs such as fertilizers and pesticide. Other notable potato producing regions include the Great Lakes, which accounts for 10.6% of total potato production. Non...purchase to read more.

    Additional Insights for the Potato Farming Industry

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

  • Economies of scale
  • Production of premium goods
  • Appropriate physical growing conditions
  • IBISWorld analysts also discuss how external factors such as Price of vegetables and Demand from fruit and vegetable wholesaling in the Potato Farming industry impact industry performance..

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    What's in this report

    What is the Potato Farming Industry?

    This industry grows potatoes, sweet potatoes and yams. Potatoes are a staple food product in many parts of the world and can also be used to in the manufacture of other products, including processed snack foods, alcoholic spirits and animal feed.

    Industry Products
  • Fresh potatoes
  • Processed potatoes for freezing
  • Processed potatoes for chipping
  • Processed potatoes for dehydrating
  • Processed potatoes for canning
  • Sweet potatoes
  • Industry Activities
  • Potato farming
  • Sweet potato farming
  • Yam farming
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Price of vegetables
  • Demand from fruit and vegetable wholesaling
  • Demand from snack food production
  • Average annual precipitation
  • Natural disaster index
  • Per capita fruit and vegetable consumption

  • Current Performance
  • Downstream demand
  • Production and prices
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Health trends and consumer preferences
  • Product expansion
  • Increasing trade
  • Table: Potato Farming Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Frozen Food Production
  • Fruit & Vegetable Wholesaling
  • Supermarkets & Grocery Stores
  • Fruit & Vegetable Markets
  • Fast Food Restaurants

  • Key Selling Industries
  • Crop Services
  • Farm, Lawn & Garden Equipment Wholesaling
  • Pesticide Manufacturing
  • Tractors & Agricultural Machinery Manufacturing
  • Water Supply & Irrigation Systems

  • Products & Services
  • Processed potatoes for freezing
  • Fresh potatoes
  • Processed potatoes for chipping
  • Processed potatoes for dehydrating
  • Sweet potatoes
  • Processed potatoes for canning
  • Chart: Potato Farming Industry Products and Services Segmentation

  • Demand Determinants
  • Population
  • Dietary trends
  • Price
  • Exchange rates

  • Major Markets
  • Food processors
  • Fresh markets
  • Exports
  • Chart: Major Market Segmentation for the Potato Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Rent and utilities
  • Depreciation, wages and other
  • Chart: Cost Structure Benchmarking – Sector vs Potato Farming

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Potato Farming Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Potato Farming 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 Potato Farming Industry
  • 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)
  • Price of Fertilizer (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • An antiquated vegetable variety uncommon in large-scale agriculture.
  • Irrigation
  • The artificial application of water to the land or soil, used in assisting in crop growth.
  • Till
  • To prepare or cultivate land for crops.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Potato Farming can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 Potato 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 Potato 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 Potato Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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