Corn Farming in the US
The Corn Farming industry declined over the five years to 2019, continuing its fall from historic highs. Furthermore, global demand for corn did not increase meaningfully enough to stymie industry revenue declines, as an appreciating US dollar made domestic corn more expensive for international buyers. This in part contributed to total export declines during the five-year period. The industry is expected to bounce back from the lows of the previous five-year period. Total domestic production of corn is expected to increase over the five years to 2024, despite a continued fall in industry participation.
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, 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook