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Soybean Farming in the US
IBISWorld, March 2009, Pages: 39
This industry comprises establishments primarily engaged in growing soybeans and/or producing soybean seeds. 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.
Introduction
Good crops bad growth
Crops have, in later years, been affected by poor and severe weather conditions, which have led to lower yields. More recently, thanks to government subsidies and more favorable weather conditions, farmers have seen record production levels. One of the biggest threats currently facing the industry is the discovery of Asian Soybean Rust in North America. The wind-borne fungal disease that attacks soybeans and other plants has now been identified in 15 states.
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