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. 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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.