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Grain Farming in the US
IBISWorld, July 2009, Pages: 34
This industry comprises establishments primarily engaged in (1) growing grain(s) and/or producing grain seeds (except wheat, corn, and rice) or (2) growing a combination of grain(s) and oilseed(s) with no one grain (or family of grains) or oilseed (or family of oilseeds) accounting for one-half of the establishments agriculture production (value of crops for market). Combination grain(s) and oilseed(s) establishments may produce oilseed(s) and grain(s) seeds and/or grow oilseed(s) and grain(s). 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
This industry has experienced strong growth, aided by healthy demand from livestock industries and an increase in the use of grains in ethanol production. Looking further forward, the potential adoption of GM grains on a commercial scale, and further consolidation of existing farms may see a substantial rise in productivity. However, lower returns per acre and slower global demand in downstream industries will see revenue growth ease. Successful industry participants will be those who produce premium grains, and those that are able to establish links with customers overseas.
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