Industry Analysis & Industry Trends
The Corn Farming industry declined over the five years to 2016, 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. Yet this increase in production has 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. Corn for use as a biofuel input and also as an animal feed input has increased in foreign countries. During the next five years, the industry is expected to bounce back from the lows experienced in 2015 and 2016... purchase to read more
Industry Report - Industry Products Chapter
Corn used in livestock feed
Livestock feed is expected to account for about 44.6% of production. Typically, this product range does not carry a high profit margin because it is sold to livestock farmers or even used within the same farm to feed cattle. Demand for this variety of corn is driven by the size of and activity within the animal farming industries. Corn for livestock decreased as a share of production, as increasing prices turned livestock farmers away from the crop and toward lower-price alternatives like hay or feed mixtures.
Corn used in biofuel production
Corn farmers increasingly dedicate their land to cultivating high-value corn varieties with greater oil content, for use in biofuel production... purchase to read more