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 Chiquita Brands International, Dole Food Company, Fresh Del Monte Produce, and Sunkist Growers (all based in the US); along with AMAGGI (Brazil) and Total Produce (Ireland).
Global crop production increased over 50% between 2000 and 2019, reaching about 9.5 billion tons in 2019. Sugarcane, corn, wheat, rice, and potatoes are the most highly produced crops by volume. Israel, the US, Turkey, Canada, and Australia are the projected top crop producers by 2030s.
The US crop production industry includes about 2 million farms with combined annual revenue of about $200 billion, with corn and soybeans accounting for about 50% of all US crop receipts.
Demand is driven by federal agricultural policy programs, global and national 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), organic, or specialty products.
US exports, mainly oilseeds and grains, were valued at over $150 billion in 2020. Canada is the largest market for US agricultural exports, followed by Mexico, the European Union, Japan, and China. Soybeans, corn, and wheat accounted for nearly half of total US agricultural exports.
Products, Operations & Technology
Major products are corn (about 25% of US industry revenue), soybeans (20%), fruits and nuts (15%), vegetables and melons (10%), and wheat, cotton, and
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms