| SIC Codes: | 0139 0171 0172 0173 0174 0111 0112 0115 0116 0119 0175 0179 0181 0182 0131 0132 0133 0134 |
| NAICS Codes: | 111998 111150 111991 111940 111930 111920 111910 111422 111421 111419 111411 111339 111336 111335 111334 111333 111332 111331 111320 111310 111219 111211 111199 111191 111160 111110 111120 111130 111140 111992 |
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 (Brazil), Chiquita Brands International, Dole Food Company, Fresh Del Monte Produce, Sunkist Growers, and Total Produce (Ireland).
Demand is driven by federal agricultural policy programs, 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), or specialty products. The industry is capital-intensive: average annual revenue per employee is about $390,000.
Major products are corn (35 percent of industry revenue); soybeans (15 percent); fruits and nuts (10 percent); and wheat (7 percent). Other major crops include vegetables and melons, cotton, and potatoes. Of all cropland farms, nearly 40 percent focus on grain, oilseed, or dry beans/peas; these farms account for 80 percent of all cropland revenue.
Buy Now