First Research US Industry Profile

Already a subscriber?  Login >>

View Sample
Oilseed Farming
SIC Codes: 0116, 0119
NAICS Codes: 11111, 11112
Last Quarterly Update: 6/27/2022
Companies in this industry grow and harvest soybeans and other oilseed-producing plants, such as sunflower, safflower, flax, sesame, and canola (also known as rapeseed). No major companies dominate the industry.
Worldwide, the 2020/21 oilseed production totals about 370 million metric tons, according to Statista. The global 2021/22 oilseed production is forecast at about 630 million tons, according to the US Department of Agriculture (USDA). Soybeans are by far the largest oilseed crop, accounting for about 60% of global production. Soybeans are by far the largest oilseed crop, accounting for about 60% of global production. Top soybean exporters include Brazil, the US, and Argentina. The US exports about 30% of its soybean production.
The US oilseed farming industry includes about 310,000 farms, about 90,000 of which generate the majority of their revenue from oilseeds, with combined annual revenue of about $38 billion.
Competitive Landscape
Demand is driven by trends in food consumption. The profitability of individual companies depends on efficient operations. Large companies have advantages in purchasing land and equipment. Small operations can compete effectively by specializing in organic and heirloom oilseeds. The US industry is concentrated: the top 15% of farms account for about 65% of revenue.
Products, Operations & Technology
The industry's primary product is soybeans, which account for about 60% of US oilseed farming production. Other products include sunflower seed, canola ... plus:
Sales & Marketing
,
Finance & Regulation
,
Regional & International Issues
,
Human Resources
Also includes the following chapters:
Quarterly Industry Update
,
Industry Indicators
,
Business Challenges
,
Trends and Opportunities
,
Call Preparation Questions
,
Financial Information
,
Industry Forecast
,
Industry Websites
,
Glossary of Acronyms

Historical Profiles (PDF format)

03/21/2022
12/13/2021
09/06/2021
07/26/2021
04/19/2021
01/11/2021
09/28/2020
06/08/2020
02/10/2020
03/11/2019
12/03/2018
09/03/2018
06/04/2018
03/05/2018
11/27/2017
08/28/2017
05/29/2017
02/27/2017
11/21/2016
08/22/2016
05/23/2016
02/22/2016
11/16/2015
08/17/2015
05/18/2015
02/09/2015
11/10/2014
08/18/2014
05/26/2014
03/03/2014
11/25/2013
09/02/2013
06/10/2013
03/18/2013
12/10/2012
09/17/2012
07/02/2012
04/09/2012
12/19/2011
09/26/2011
06/20/2011
03/14/2011
11/22/2010
08/30/2010
05/24/2010
02/22/2010