Industry Threats & Opportunities
- Decreasing per capita wheat consumption has hindered growth
- Profit margins have fluctuated greatly over the past five years
- Unpredictable weather patterns will continue to dampen demand growth... purchase to read more
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 Key Buyers Chapter
The market share concentration within the Wheat, Barley and Sorghum Farming industry is very low. More than 168,000 farms operate in the industry, but there are no significant power-wielding companies. The top four participants in this industry account for less than 5.0% of total revenue. The average revenue per farm in 2016 is $67,790.0, well below 1.0% of total industry revenue.
IBISWorld does not anticipate industry farms to grow larger in size over the next five years. However, with large corporations such as Monsanto entering the wheat genetics business, concentration can increase in the next five years. This movement greatly depends on future acceptance of genetically modified grain crops by the public.
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Additional Insights for the
Wheat, Barley & Sorghum Farming
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... purchase to read more