Wheat, Barley & Sorghum Farming in the US
Over the five years to 2019, the Wheat, Barley and Sorghum Farming industry has exhibited significant volatility and poor performance. Traditionally, the majority of revenue has been earned from the export of industry products, but over the past five years, the exchange rate dynamic has been detrimental for domestic operators. Despite an increase in government subsidies for cereal grain farming, domestic operators have been unable to return to growth. Ultimately, industry revenue has declined during the current period. Over the five years to 2024, the industry is anticipated to return to growth as wheat prices are projected to rise. 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. Most importantly, the negative trends that hampered industry performance during the current period are expected to begin to abate during the outlook period, albeit gradually.
Operators 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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