The Corn Farming industry in Canada is an integral component of the Canadian economy due to the versatility of corn uses. However, corn prices and thus industry performance rely on several factors such as downstream demand, the strength of the Canadian dollar and the world price of oil. IBISWorld estimates that revenue will decline over the five years to 2017. Moving forward, industry's ability to grow will be hindered by oil price fluctuations and an appreciation of the Canadian dollar. As a result, IBISWorld anticipates revenue to increase at a very slow pace over the five years to 2022.
This industry primarily grows corn (except sweet corn) and produces corn seeds. Corn commonly refers to the grains or kernels of Zea mays, a tall annual cereal grass. Corn is a staple food in many parts of the world and is also a key input in the production of biofuel, 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.