Oilseed Farming
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 2021/22 oilseed production totals more than 200 million metric tons, according to Statista. Palm are by far the largest oilseed crop, accounting for about 60% of global production. Top soybean exporters include the US, Brazil, Paraguay, and Canada, according to Tridge.
The US oilseed farming industry includes about 300,000 farms, with combined annual revenue of about $36 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.
Products, Operations & Technology
The industry's primary product is soybeans, which account for about 90% of US oilseed farming production. Other products include sunflower seed, canola
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Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
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