Wheat, Barley & Sorghum Farming in the US
Over the five years to 2018, the Wheat, Barley and Sorghum Farming industry has exhibited significant volatility and poor performance. Falling output prices, such as the world price of wheat, have been detrimental to industry revenue growth. Additionally, during the five-year period, the exchange rate dynamic has been detrimental for domestic operators, while grain use for animal feed is declining, which demonstrates a weakening in demand from animal feed producers and their end markets, livestock producers. Over the five years to 2023, the industry is anticipated to slow its decline, with industry performance strengthening on the back of a projected increase in the world price of wheat. Additionally, revenue growth is expected to be aided due an anticipated decline in the value of the dollar, which will help to boost industry exports.
Farmers in this industry primarily grow one or more varieties of wheat or a combination of sorghum, barley, oats, rye and other grains, where no single crop accounts for more than half the total value of production of the farm.
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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