Navigation Links
Corn Farming in Canada Industry Market Research Report Now Available From IBISWorld
Date:7/11/2014

New York, NY (PRWEB) July 11, 2014

The Corn Farming industry experienced solid growth during the five years to 2014 on the heels of fresh biofuel demand. The Federal Renewable Fuel Regulations of 2010 prompted farmers to dedicate a larger share of their farmland to cultivating high-value corn used in ethanol production. More specifically, the regulations required the mixing of 5.0% renewable content in gasoline across Canada. Similarly, rapidly expanding biofuel production in the United States created a key export market for Canadian corn, further supporting demand. “In addition, the growing share of genetically modified corn plantings enhance yields, thereby bolstering production,” according to IBISWorld Industry Analyst Antal Neville. Consequently, industry revenue has expanded at an average annual rate of 9.2% to $2.3 billion during the five years to 2014, even despite a 1.0% drop in 2014 revenue.

A rise in global demand significantly facilitated industry expansion. In 2010, exports skyrocketed 130.9% due to a poor coarse grain harvest in Europe. Consequently, European markets developed a strong appetite for Canadian corn, driving up revenue 14.7% during the year. However, the most significant production hike occurred in 2012, when domestic corn production grew about 13.8%. During the year, revenue jumped 26.2% as a result of demand from the drought-stricken United States and the rising price of corn worldwide. “Facilitated by the North American Free Trade Agreement and their shared border, the United States is Canada's largest trading partner for corn,” says Neville. Therefore, the US appetite for Canadian corn, which is used primarily for biofuel production and livestock feed, largely dictates industry success.

Over the five years to 2019, the favourable market conditions of the past five years are expected to fade. Growing ethanol production worldwide that had pushed up grain prices is expected to slow as countries readjust their biofuel targets. The high prices of the past five years are therefore expected to fall in the early part of the next five years, leading farmers to limit their cropland devoted to corn and focus on higher-margin crops. Nevertheless, following this boom and the bust cycle, industry growth will stabilize, and IBISWorld expects the industry to show positive revenue growth starting in 2017. Overall, revenue is forecast to fall an annualized 2.0% to $2.1 billion in the five years to 2019.

For more information, visit IBISWorld’s Corn Farming in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld.

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189.

IBISWorld industry Report Key Topics

This industry primarily grows corn (except sweet corn) and produces corn seeds. Corn commonly refers to the grains or kernels of Zea mays, a tall annual cereal grass. Corn is a staple cereal in many parts of the world. Corn is used to make biofuel, sweeteners, oil and other products.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2014/07/prweb12010035.htm.


'/>"/>
Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. Farmington, MI Dentist, Dr. Roman Shlafer Brings The New FDA Cleared Laser Dental Surgery To His Local Gum Disease Patients
2. Poultry Farming Industry in China Industry Research Report – Now Available from IBISWorld
3. Sprouting Up: Vegetable Farming in Canada Industry Market Research Report Now Available from IBISWorld
4. Vegetable Farming in the US Industry Market Research Report from IBISWorld Has Been Updated
5. Farmington, MI Teeth Straightening Brings Rapid Orthodontic Results with the Inman Aligner from Dr. Roman Shlafer
6. Farmington, MI Dental Crown Procedures are Now Placed using CEREC Technology with Dr. Roman Shlafer
7. Farmington, MI Low Birth Weight Risks Can Possibly be Reduced by Removing Gum Disease in Expecting Mothers using Laser Gum Surgery with Dr. Roman Shlafer
8. DiaperBuys to Exhibit at the Canton Senior Summit and the Farmington Hills Senior Wellness Fair
9. Precision Farming Market (GPS/GNSS, GIS, Remote Sensing & VRT) Worth $3,721.27 Billion by 2018 - New Report by MarketsandMarkets
10. Corn Farming in the US Industry Market Research Report from IBISWorld Has Been Updated
11. Precision Farming Market (GPS/GNSS, GIS, Remote Sensing & VRT) Worth $3,721.27 Million by 2018 - New Report by MarketsandMarkets
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2016)... ... May 27, 2016 , ... Two director-level employees of ... Tribute to Women and Industry (TWIN) 2016 honorees. The award recognizes businesswomen who ... this year, Geri Boone, Director of the MLTSS (Managed Long-Term Services and Supports) Program ...
(Date:5/27/2016)... ... 27, 2016 , ... This campaign aims to provide a path to improved ... can control and change. , As nearly 795,000 Americans suffering from a new or ... States. Plus, with an estimated 129,000 of these people dying from stroke, it’s become ...
(Date:5/27/2016)... ... May 27, 2016 , ... Aimed at nurses ... human interest stories, courtesy of leaders in the nursing and health care industry. ... from leading advocates and associations—namely Jones & Bartlett Learning. , Jones & Bartlett ...
(Date:5/26/2016)... (PRWEB) , ... May 26, 2016 , ... Despite last ... meeting, expect Janet Yellen and company to wait until March 2017 for an interest ... University’s J. Mack Robinson College of Business. , “The Federal Open Market Committee (FOMC) ...
(Date:5/26/2016)... ... May 26, 2016 , ... ... hosted members and suppliers for its inaugural Member Conference at the Paris Hotel ... of elevating the operational health of America’s healthcare providers. , The conference was ...
Breaking Medicine News(10 mins):
(Date:5/26/2016)... A key trend that will ... of new treatments. Cardax, a development stage life sciences ... therapy is expected to fulfil large unmet medical needs ... studies to develop new treatments for osteoarthritis. One such ... in osteoarthritis are being investigated, and early trials of ...
(Date:5/25/2016)... FDA 510(k) clearance covers Confocal Miniprobes ... and surgical applications Mauna Kea Technologies ... multidisciplinary confocal laser endomicroscopy (CLE) platform, today announced ... the 12 th 510(k) clearance from United ... FDA clearance covers Confocal Miniprobes indicated for use ...
(Date:5/25/2016)...  Zymo Research Corp. announced today the final ... that help researchers obtain the most accurate and ... rapid growth of the study of microbiomes has ... methods to improve the reproducibility and quality of ... every step of the measurement process including collection ...
Breaking Medicine Technology: