The Farm Product Storage and Warehousing industry's performance depends largely on the performance of the upstream agricultural sector and related international trade. Industry operators generate revenue by transporting, storing and packing agricultural goods. Over the five years to 2022, industry revenue is anticipated to continue its decline. Demand from soybean farming is forecast to decline and corn farming is anticipated to only grow slightly. Overall crop production exhibits long-term stable trends, as demand is relatively inelastic.
This industry operates bulk farm product warehousing and storage facilities (except refrigerated). Warehouses generally provide facilities and storage services for agricultural goods and are responsible for maintaining their security and condition. However, warehouses do not take ownership of or sell those goods. The majority of this industry is involved in storing grain and other farm 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.