Companies in this industry sector grow crops, raise or fatten animals for animal products, and grow and harvest timber. Major crop production companies include US-based Dole Food and Fresh Del Monte Produce; and Amaggi Exportação e Importação (Brazil) and Total Produce (Ireland). Major animal production companies include US-based Agri Beef, Dairy Farmers of America, Pilgrim's Pride, and Smithfield Foods, as well as JBS (Brazil), Industrias Bachoco (Mexico), and Danish Crown (Denmark). Major timber operations include US-based Sierra Pacific and Weyerhaeuser, as well as Stora Enso (Finland), and Svenska Cellulosa (Sweden).
Global crop production revenue exceeds $1 trillion. Global animal production tops 330 million tons. Brazil, the US and China are among the top crop and animal producers. Top timber sources include Brazil, Canada, China, India, and the US.
The US agriculture and forestry sector includes about 2 million farms and about 8,000 timber companies with combined annual revenue of about $400 billion.
Agricultural support activities provided to farmers and ranchers on a contract basis, such as soil preparation and harvesting, are included in this industry. The industry does not include agricultural research or land and forest conservation activities.
Demand is driven by government agricultural policy programs, food consumption trends, and lumber demand. Profitability depends on efficient operations. Large companies have advantages in vertically integrated operations and economies of scale in purchasing and marketing. Small operations can compete effectively by supplying local markets, specializing in heirloom or organic crops...