First Research US Industry Profile

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Crop Production
SIC Codes: 0111, 0112, 0115, 0116, 0119, 0134, 0161, 0171, 0172, 0173, 0174, 0175, 0179, 0182
NAICS Codes: 111
Last Quarterly Update: 5/20/2019
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 Amaggi Exportação e Importação, Chiquita Brands International, Dole Food Company, Fresh Del Monte Produce, Sunkist Growers, and Total Produce.
Global crop production revenue is about $3 trillion. Sugarcane, corn, rice, and wheat are the most highly produced crops by volume. Brazil, the US, India, and China are the top crop producers.
The US crop production industry includes about 1.2 million farms with combined annual revenue of about $190 billion.
Competitive Landscape
Demand is driven by federal agricultural policy programs, 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), or specialty products.
Exports, mainly oilseeds and grains, account for about 40% of crop US production. China and Mexico are the top grain export markets. China is the largest importer of US oilseed and grain, accounting for about 65% of all US oilseed and grain exports. Crop imports account for about 25% of the US market. The US imports more vegetables, melons, fruits, and nuts than it exports.
Products, Operations & Technology
Major products are corn (32% of industry revenue); soybeans (18%); fruits, tree nuts, and berries (12%); and vegetables, melons, and potatoes (8%). Other ... plus:
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Finance & Regulation
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Regional & International Issues
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Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/18/2019
11/12/2018
08/13/2018
05/07/2018
02/05/2018
10/30/2017
07/24/2017
04/24/2017
01/23/2017
10/17/2016
06/27/2016
04/04/2016
01/11/2016
10/05/2015
07/13/2015
04/13/2015
01/19/2015
10/20/2014
07/28/2014
04/21/2014
01/20/2014
10/14/2013
07/22/2013
04/29/2013
02/04/2013
10/29/2012
08/06/2012
05/21/2012
02/27/2012
11/07/2011
08/08/2011
04/25/2011
01/10/2011
10/11/2010
07/19/2010
04/12/2010
01/25/2010