Oilseed Farming in the US - Industry Market Research Report

Oilseed Farming in the US - Industry Market Research Report

  • April 2020 •
  • 39 pages •
  • Report ID: 198530 •
  • Format: PDF
Cash crop: As the price of oilseeds increases, industry revenue is expected to rebound

Abstract

Oilseed Farming in the US
The price of oilseeds is typically a reliable driver of industry performance. Over the five years to 2019, oilseed prices have been particularly volatile. This industry exhibited significant volatility between 2014 and 2017, exhibiting double digit declines and increases. Industry revenue rebounded in 2015 as a result of a rising value of production in most product segments and the paying out of federal price loss coverage (PLC) programs. Overall industry revenue has risen, however it is important to note that the industry remains down from the peak in 2012 and 2013, noting how 2014 is one of the lowest recorded values on record. Industry revenue is expected to rebound over the five years to 2024 as the price of oilseeds stabilizes. Overall, industry revenue is anticipated to increase. The growing acceptance and adoption of vegetable oils will improve demand from the US consumer. However, low prices as a result of past overproduction will likely make industry operators leery of overplanting over the next five years.

Farmers in this industry grow a variety of oilseeds, including canola seeds, sunflower seeds, flaxseeds, safflower seeds and mustard seeds. Soybeans (report 11111), cottonseeds and peanuts are not included in this industry report.

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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