Corn Farming in Canada
The Corn Farming industry in Canada has struggled with unfavourable commodity prices and heavy global competition over the past five years. Corn is used in a variety of products for fuel, consumption and production and it contends with a high level of competition from potential substitutes and global corn farmers. Corn has become a decreasingly attractive option to other substitutes for animal feed, which has dragged its price down. Animal feed accounts for the largest source of industry revenue and its performance has dragged down the industry. The price of corn and animal feed have declined over the past five years as a result of increased production of corn substitutes and higher levels of penetration of animal feed from the United States into Canada. The Corn Farming industry in Canada is expected to recover slightly over the next five years.
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.
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