Navigation Links
Corn Farming in the US Industry Market Research Report from IBISWorld Has Been Updated
Date:11/24/2013

Los Angeles, CA (PRWEB) November 23, 2013

The Corn Farming industry experienced fresh growth over the five years to 2013, mainly due to the crop's status as a major input in biofuel production. The Energy Policy Act of 2005 provided the impetus for the United States to begin weaning itself off its heavy dependence on foreign oil and instead use corn as a renewable energy source to make ethanol. The Energy Independence and Security Act of 2007 further raised demand for industry products by setting the goal to produce 36.0 billion gallons of biofuel by 2022. “These regulations created a significant new market for corn, reinvigorating demand,” according to IBISWorld Industry Analyst Antal Neville. As a result, industry revenue is expected to increase at an annualized rate of 5.2% to $68.5 billion over the five years to 2013.

Global demand for corn also rose over the past five years. A depreciating dollar made domestic products relatively inexpensive to foreign buyers and stimulated industry exports. In order to meet such high demand, farmers turned to genetically modified seeds to produce high-yield crops that were resistant to diseases and pests. A devastating drought in 2012 harmed the industry, however, causing exports to plummet 31.5% during the year. Prices spiked in 2012 as a result, then subsequently reacted by dropping in 2013. As a result of low corn prices, industry revenue is expected to decline 12.9% in 2013.

During the next five years, limited government funding in the form of subsidies for corn farmers is anticipated to keep revenue volatile. Still, the future for US corn farmers remains sunny. “Government mandates for renewable fuel will keep corn prices above historical levels for the five-year period,” says Neville. Also, demand from emerging nations will keep US exports high, expanding another revenue stream for the Corn Farming industry. Still, after high price growth during the past five years, continued price growth is expected to subside, in turn reducing overall revenue growth compared with the past five years.

For more information, visit IBISWorld’s Corn Farming in the US 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

Participants in the Corn Farming industry primarily grow corn (except sweet corn) and produce corn seeds. Corn commonly refers to the grains or kernels of the tall annual cereal grass, Zea mays. Corn is a staple cereal in many parts of the world. In the United States, it is most commonly used as livestock feed and in the production of ethanol, 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 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/2013/11/prweb11363393.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Precision Farming Market (GPS/GNSS, GIS, Remote Sensing & VRT) Worth $3,721.27 Billion by 2018 - New Report by MarketsandMarkets
2. DiaperBuys to Exhibit at the Canton Senior Summit and the Farmington Hills Senior Wellness Fair
3. 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
4. Farmington, MI Dental Crown Procedures are Now Placed using CEREC Technology with Dr. Roman Shlafer
5. Farmington, MI Teeth Straightening Brings Rapid Orthodontic Results with the Inman Aligner from Dr. Roman Shlafer
6. Vegetable Farming in the US Industry Market Research Report from IBISWorld Has Been Updated
7. Sprouting Up: Vegetable Farming in Canada Industry Market Research Report Now Available from IBISWorld
8. Poultry Farming Industry in China Industry Research Report – Now Available from IBISWorld
9. Farmington, MI Dentist, Dr. Roman Shlafer Brings The New FDA Cleared Laser Dental Surgery To His Local Gum Disease Patients
10. Medical Instrument and Supply Manufacturing the US Industry Market Research Report from IBISWorld Has Been Updated
11. Hazardous Waste Hauling in Australia Industry Market Research Report Now Updated by IBISWorld
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2016)... ... , ... For over twenty-four years, Doctors on Liens has published a directory of ... quality medical care. When the company started in 1997, the directory was a single ... and the now ten-page directory features a vast array of medical specialists stretching ...
(Date:12/2/2016)... Portland, Maine (PRWEB) , ... December 02, 2016 , ... ... support group for caregivers of those affected by autism spectrum disorder (ASD) and other ... and Easter Seals Maine, will give parents and other caregivers the opportunity to share ...
(Date:12/2/2016)... New York, NY (PRWEB) , ... December 02, ... ... today, featuring an inspirational interview of two ostomy patients, standing as living proof ... million people suffer from digestive diseases and issues that spike around the holidays. ...
(Date:12/2/2016)... Wilmington, Delaware (PRWEB) , ... December 02, 2016 ... ... has released a new version of its SaaS LIMS, CloudLIMS Lite. CloudLIMS Lite ... from sample entry through labeling, storing, shipping and disposal. The new version is ...
(Date:12/2/2016)... PA (PRWEB) , ... December 02, 2016 , ... Rijuven ... stress and overall health, day and night. No other wearable health technology on the ... We wanted to give poeple more meaningful insights about their health than the ...
Breaking Medicine News(10 mins):
(Date:12/2/2016)... OLD LYME, Conn. , Dec. 1, 2016 /PRNewswire/ ... consulting, has announced the honor of being selected as ... that include: Simpson Healthcare Executives Website at the PLATINUM ... Directed Conversations Training Module at the GOLD Level, and ... At Simpson Healthcare Executives, we are ...
(Date:12/2/2016)... , Dec. 2, 2016 Allergan plc (NYSE: ... additional information on its previously announced Accelerated Share Repurchase (ASR) ... ... As previously announced, the Company entered into ... which the Company will repurchase $10 billion of its ordinary ...
(Date:11/30/2016)... -- Research and Markets has announced the addition of ... report to their offering. ... Detachable coil embolization is a minimally ... detachable coil embolization treatment of cerebral aneurysms is less invasive and requires ... in the wall of an artery in the brain. This area bulges ...
Breaking Medicine Technology: