Crop Services in the US
The Crop Services industry consists of companies that assist in a variety of planting, harvesting and treatment activities for crop producers. The industry provides services for all types of crops, including handpicking fruit, crop dusting and cotton ginning. Therefore, industry performance is the aggregate result of many different types of industry operators. Grains such as corn and wheat, as well as oilseed crops such as soybeans, have become more significant in providing for an increasing global population. Corn production, which requires industry services such as crop dusting, has become important as US renewable energy quotas have pushed for the crop's use in ethanol production, increasing revenue generated from this segment. The well-established nature of US farming guarantees demand for crop services. Similarly, continued international demand for US cotton will ensure a place for cotton ginners, another industry segment. Due to falling crop prices and decreasing planted acreage, crop production is expected to decrease over the five years to 2023, loosening demand for crop services.
Establishments in this industry provide support activities for growing crops. Some examples of these support activities include cotton ginning, soil treatment, crop planting and harvesting. Almost all US farmers, including cotton, wheat, corn and fruit growers, purchase from this industry at some level.
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.