Grain Farming Report Summary

SIC Codes:
NAICS Codes:

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Grain Farming Industry Overview

Excerpt from Grain Farming Report

Farms in this industry grow field corn, wheat, or rice crops and seeds. No major companies dominate the industry.

Competitive Landscape

Demand is driven by government policies and trends in eating grains, meat, and corn-based sweeteners, such as high-fructose corn syrup. Ethanol use has also become a factor in recent years. The profitability of individual companies depends on maximizing crop yield and minimizing disease risk. Large companies have advantages in highly mechanized operations and access to the latest in genetically modified (GM) grains. Small operations can compete by specializing in organic or non-GM grains.

Products, Operations & Technology

Major products include field corn (about 80% of revenue), wheat (15%), and rice (5%). Field corn is used primarily for livestock feed. Field corn also is used in industrial applications like biodegradable plastic; processed foods like breakfast cereal, salad dressing, margarine, soft drinks, and syrup; and ethanol production.

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