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Corn Farming in the US: Market Research Report

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

Corn Farming Market Research Report | NAICS 11115 | Feb 2017

Take the field: Industry demand is expected to bounce back from recent declines

The Corn Farming market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • As prices increase with increased demand, operators will begin to experience revenue growth
  • Due to their rising popularity, GM seeds account for a significant amount of revenue
  • Demand is anticipated to keep growing as renewable energy targets rise each year
  • ... purchase to read more

Industry Analysis & Industry Trends

The Corn Farming industry declined over the five years to 2017, falling from historic highs. New federal regulations created a significant new market for corn, leading corn production to skyrocket in the early part of the past five years. This increase in production eventually led to an oversupply of the crop, especially as downstream biofuel production has slowed since 2013 due to market saturation. Nevertheless, global demand for corn has renewed. The industry is expected to bounce back from the lows of the previous five-year period. Planted acreage will decrease, leading to a slight decrease in production volumes, which will in turn reduce oversupply and create healthy demand for the crop... ... purchase to read more

Industry Report - Industry Investment Chapter

Compared with the rest of the farming sector, capitalization in the Corn Farming industry is high. Tractors, combines and storage mills are common features on corn farms and are treated as depreciable assets. According to the 2012 Agricultural Census (the latest data available), the plant and machinery on the average corn farm are worth $326,327. This figure is significantly higher than the crop farming sector average of $154,425. Much of the equipment purchased comprises start-up costs, which creates a barrier to entry for potential corn farmers. However, if an established farmer chooses to include corn into his crop rotation, many of these initial capital investments will be avoided.

Labor intensity fluctuates in response to changing industry and economic conditions. Gen.. ... purchase to read more

Additional Insights for the Corn Farming Industry

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

  • Ability to alter goods and services produced in favor of market conditions
  • Establishment of export markets
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Price of corn and Demand from organic chemical manufacturing in the Corn Farming industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Corn Farming Industry?

    Operators in this industry primarily grow corn (except sweet corn) and produce corn seeds. Corn commonly refers to the grains or kernels of the tall annual cereal grass Zea mays, and is a staple cereal in many parts of the world. In the United States, it is most commonly used as livestock feed and in the production of ethanol, sweeteners, oil and other products.

    Industry Products
    Corn used in livestock feedCorn seeds for sowingCorn used in food and alcoholCorn used in biofuel production
    Industry Activities
    Growing a variety of corn (except sweet corn)Producing corn seeds

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Price of corn
  • Demand from organic chemical manufacturing
  • Subsidies for corn farming
  • Natural disaster index
  • Trade-weighted index
  • Current Performance
  • Support structures
  • Profit and participation
  • Chart: Revenue Growth
  • Industry Outlook
  • Rising exports
  • Threats to growth
  • Table: Corn Farming Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Corn Farming Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Beef Cattle Production
  • Dairy Farms
  • Hog & Pig Farming
  • Chicken Egg Production
  • Flour Milling
  • Margarine & Cooking Oil Processing
  • Tortilla Production
  • Syrup & Flavoring Production
  • Petrochemical Manufacturing
  • Corn, Wheat & Soybean Wholesaling
  • Key Selling Industries
  • Crop Services
  • Farm, Lawn & Garden Equipment Wholesaling
  • Fertilizer Manufacturing
  • Tractors & Agricultural Machinery Manufacturing
  • Products & Services
  • Corn used in livestock feed
  • Corn used in biofuel production
  • Corn used in food and alcohol
  • Corn seeds for sowing
  • Chart: Corn Farming Industry Products and Services Segmentation
  • Demand Determinants
  • Food manufacturers
  • Livestock farmers
  • Ethanol producers
  • Major Markets
  • Animal feed producers
  • Ethanol manufacturers
  • Export markets
  • Food, beverage and other consumable product manufacturers
  • Seed wholesalers
  • Chart: Major Market Segmentation for the Corn Farming Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Corn Farming
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Corn Farming Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Corn Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Corn Farming Industry
  • Includes:
  • 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)
  • Planted Acres (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • Also called agrifuel. A fuel consisting of or derived from dead biological material, usually plants.
  • Ethanol
  • A form of alcohol used as a fuel. It is considered a renewable fuel with fewer pollutants.
  • Genetically Modified (Gm)
  • A technique in which changes are introduced into a plant or animal's DNA by genetic engineering techniques. GM corn has genes that have been altered in order to obtain a specific type of crop.
  • Usda
  • United States Department of Agriculture. This department administers programs aimed at farmers and collects data on the US agriculture sector.

  • Why Buy this Report?
    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 Corn 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 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 Corn 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 Corn Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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