Soybean Farming in the US - Industry Market Research Report

Soybean Farming in the US - Industry Market Research Report

  • June 2020 •
  • 38 pages •
  • Report ID: 286415 •
  • Format: PDF
Good season: Soybeans will likely be the second-largest crop in the United States

Abstract

Soybean Farming in the US
The Soybean Farming industry has experienced volatility over the five years to 2019. Industry revenue grew immensely prior the beginning of the current period due to skyrocketing oilseed prices, giving the industry an inflated starting point. Rising demand for food from developing countries has supported industry exports; however, the appreciating US dollar has kept exports from rising at a rapid rate. In addition, Chinese tariffs on US soybeans have resulted in significant export declines, further hurting industry revenue. Overall, industry revenue has declined during the current period. Over the five years to 2024, industry revenue is forecast to return to growth. Soybeans are anticipated to maintain their position as the second-largest crop in the United States, behind corn, benefiting the industry. Nevertheless, the industry is heavily exposed to volatility from external factors, such as weather conditions, market prices and government subsidies, which could lead to varying profit from year to year.

Farms in this industry grow soybeans as their main crop. Soybeans are most often used in livestock feeds and vegetable oils, with a small but growing proportion being used in biofuel production. Establishments that sell soybean seeds to US farmers for growing crops are also included.

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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