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Organic Crop Farming in the US - Industry Market Research Report

Publisher IBISWorld
Published Nov 04, 2024
Length 70 Pages
SKU # IBSS19340643

Description

Organic Crop Farming in the US - Industry Market Research Report


Organic Crop Farming in the US

Organic crop farmers don't use pesticides or genetically modified organisms (GMOs). They grow vegetables, fruits, corn, wheat, soybeans, mushrooms and other types of food. Farmers benefited from rising wages in the years before the pandemic, as rising incomes enabled more consumers to afford more expensive organic food, so demand for the industry's products increased. When COVID-19 hit, capacity for grocery stores and food processors fell since they had to adhere to strict social distancing and mask-wearing rules. Lower capacity reduced demand for organic products from these stores, causing revenue to plunge in 2020. During the pandemic recovery, supply chain disruptions caused agricultural prices to soar. Higher input prices increased income per sale for organic crop farmers, causing revenue amid the recovery. Rising interest rates have made borrowing money for machinery, land and other equipment more expensive for farmers. Since it's harder to borrow, farming capacity has fallen, constraining revenue growth in recent years. Overall, revenue for organic crop farming has been surging at a CAGR of 5.0% over the past five years, and is expected to reach $14.3 billion in 2023. Revenue is expected to increase 0.9% in that year.

Farmers in this industry grow organic crops. Organic crops are certified by the US Department of Agriculture and don't use manufactured fertilizers, pesticides, growth regulators or any other plant modifications.

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.

Table of Contents

70 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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