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Wheat, Barley & Sorghum Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Wheat, Barley & Sorghum Farming Market Research Report | NAICS 11117 | Jun 2016

Poor harvest: Slowing demand and drought conditions will severely contract revenue

IBISWorld’s Wheat, Barley & Sorghum Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 11-16
-8.2%
Annual Growth 16-21
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Profit
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Employment
287,190
Businesses
160,107
Industry Analysis & Industry Trends

As is typical of farming industries, the Wheat, Barley and Sorghum Farming industry experienced high volatility in the past five years due to unpredictable weather patterns, a wheat export ban in Russia and the fluctuating world price of wheat. Despite this volatility, wheat's status as a staple of the American diet will keep demand stable. A projected rise in wheat prices points to growing profitability for industry farms; however, changes in government subsidies and drastic weather conditions could hamper profit growth... purchase to read more

Industry Report - Industry Products Chapter

Wheat

The predominant product grown within the Wheat, Barley and Sorghum Farming industry is wheat, which currently accounts for about 80.0% of total industry revenue. Wheat can be subcategorized into winter wheat and spring wheat, which make up 45.1% and 34.5% of industry products, respectively. These categories represent the seasons in which the varieties are planted. Winter wheat varieties are sown in the fall so they can become established before becoming dormant during the cold winter months; they are then harvested in the summer, after a growth spurt in the spring. Conversely, spring wheat is planted in the springtime and is harvested during late summer or fall of the same year, as regional winters are too cold to allow any growth... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 of the total value of production of the farm.

Industry Products
Hard red winter wheatHard red spring wheatSoft red winter wheatWhite wheatDurumSorghumBarley
 
Industry Activities
Growing hard red wheatGrowing soft red wheatGrowing white wheatGrowing Durum wheatGrowing sorghumGrowing barleyGrowing oatsGrowing rye


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