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Crop Production

  • ID: 302369
  • Report
  • October 2019
  • Region: United States
  • 10 Pages
  • First Research
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Brief Excerpt from Industry Overview Chapter:

Companies in this industry grow crops such as grain, oilseeds, tobacco, dry beans, potatoes, vegetables and melons, fruits and nuts, and floriculture. Major companies include Amaggi Exportação e Importação, Chiquita Brands International, Dole Food Company, Fresh Del Monte Produce, Sunkist Growers, and Total Produce.

Competitive Landscape

Demand is driven by federal agricultural policy programs, global and national food consumption trends, and the grain and oilseed export market. The profitability of individual companies depends on maximizing crop yield and minimizing disease risk. Large companies have advantages in highly automated technologies and access to the latest in seed and crop technologies. Small operations can compete effectively by harvesting heirloom, non-genetically modified (GM), organic, or specialty products. Consumer demand is driving growth in organic farming. Between 2005 and 2011, certified organic cropland expanded nearly 80% to 3.1 million acres.

Products, Operations & Technology

Major products are corn (25% of US industry revenue); soybeans (20%); fruits, tree nuts, and berries (15%); and vegetables and melons (9%). Other major crops include wheat, cotton, and hay. Of all cropland farms, nearly 40% focus on grain, oilseed, or dry beans/peas; these farms account for 80% of all cropland revenue. The production of hemp, a form of cannabis with lower THC levels than marijuana, was legalized under the 2019 farm bill, presenting a potential lucrative new market for farmers.
Note: Product cover images may vary from those shown
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  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Business Trends
  • Industry Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Web Links and Acronyms
Note: Product cover images may vary from those shown
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