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Dairy Farms in the US: Market Research Report

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

Dairy Farms Market Research Report | NAICS 11212 | Jul 2016

Milk and honey: The industry will benefit from stabilizing milk prices and improved downstream demand

IBISWorld’s Dairy Farms market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$36bn
Annual Growth 12-17
-2.0%
Annual Growth 17-22
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Profit
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Employment
143,903
Businesses
43,588
Industry Analysis & Industry Trends

Over the five years to 2016, the price of raw milk has been highly volatile, causing revenue for the Dairy Farms industry to fluctuate. In 2011, the price of milk bounced back from the recession and pushed up by increasing global demand, causing revenue to rise. In 2016, an oversupply of dairy products is expected to cause revenue to decline further. Yet, despite all the volatility, the industry is expected to grow over the five years to 2016. Meanwhile, the price of feed, which typically makes up about half of the average dairy farm's total expenses, has been falling since 2014, significantly strengthening industry profit margins. However, the price of feed had increased leading up to 2014, causing many farms to either reduce their employment or exit the market... purchase to read more

Industry Report - Industry Locations Chapter

Although milk is produced in all states, locations are most heavily concentrated in the Great Lakes (23.8% of establishments), West (23.8%) and Mid-Atlantic (13.1%) regions. Together, these regions account for about two-thirds of the nation's dairy farms. States with the largest share of establishments include California (19.3%), Wisconsin (13.8%), New York (6.6%) and Idaho (6.2%). These states have a longstanding tradition of dairy farming that predates the proliferation of large-scale industrialized agriculture, dating back to the early and mid-19th century. Many of the establishments in these regions are family farms that operate on a small scale... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Dairy Farms Industry?

Establishments in this industry primarily raise cattle for milk. The industry includes only the sale of raw milk and excludes the production of drinkable fluid milk and processed dairy products like butter, cheese and powdered milk. Those value-added activities are covered in the Dairy Product Production industry (IBISWorld report 31151).

Industry Products
Manufacturing milkFluid milk
 
Industry Activities
Dairy cattle farmingMilking dairy cattle


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