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:7/24/2017)... , ... July 24, 2017 , ... ... office at 2307 Bellmore Avenue, Bellmore, New York, (516) 784-5858. The office opened ... M.D. and physician assistants Lori Friedman and Fruma Leah Wiederman. , Advanced ...
(Date:7/24/2017)... ... 24, 2017 , ... “Nana Nana Boo Boo”: a delightful tale of a ... “Nana Nana Boo Boo” is the creation of published author Michael Rush, a Deputy ... Faith Publishing, Michael Rush’s new book presents the importance of manners in a way ...
(Date:7/24/2017)... ... ... “Journey to the Light: The Quest for Happiness and Love. . . through Faith”: ... “Journey to the Light: The Quest for Happiness and Love. . . through ... manuals, and articles, who has recently decided to expand her literary horizons and write ...
(Date:7/23/2017)... Alexandria, Virginia (PRWEB) , ... July 24, 2017 ... ... during the American Association of Physicists in Medicine (AAPM) 59th Annual Meeting & ... , Members of the medical physics profession, hospital administrators and journalists can visit ...
(Date:7/23/2017)... ... July 23, 2017 , ... A 20-year-long study by a national ... the Minneapolis Veterans Administration Health Care System overwhelmingly supports growing evidence that prostate cancer ... benefits. , In the cases involved with this study, surgery did not prolong ...
Breaking Medicine News(10 mins):
(Date:7/10/2017)... 10, 2017  The tenth annual BioPharm America™ ... at the Sheraton Boston Hotel, September 26–27. ... to global decision makers and innovative biotech startup companies. ... leaders during two impactful days. BioPharm America is now ... additional networking opportunities with 4,500+ life science industry influencers ...
(Date:7/5/2017)... 2017 Oramed Pharmaceuticals Inc. (NASDAQ: ... ), a clinical-stage pharmaceutical company focused on the development of ... approval from the Israel Securities Authority to dual-list its common ... stock will commence trading on the TASE on July 12, ... capitalization of the Company, it is expected that Oramed will ...
(Date:6/30/2017)... ROCKVILLE, Md. , June 30, 2017 ... that since the start of May, at least ten ... financings include private investments, public offerings and a loan ... $3.3 million to almost $80 million.  Kalorama Information provides ... customers of its Diagnostics Knowledge Center. ...
Breaking Medicine Technology: