First Research US Industry Profile

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Agriculture & Forestry Sector
SIC Codes: 01 , 02 , 07 , 08 , 09
NAICS Codes: 11
Last Quarterly Update: 3/14/2022
Companies in this industry sector grow crops, raise or fatten animals for animal products, and grow and harvest timber. Major crop production companies include AMAGGI, Chiquita, Dole Food Company, Fresh Del Monte Produce, Sunkist Growers, and Total Produce; major animal production companies include Agri Beef, Dairy Farmers of America, JBS SA, and WH Group. Major timber operations include PotlatchDeltic, Resolute Forest Products, Stora Enso, and Weyerhaeuser.
The global value of agricultural production was more than $5 trillion, according to the Food and Agriculture Organization of the United Nations (FAO). According to Investopedia, the US, China, India, and Russia are among the top cereal and vegetable crop producers. Top wood product sources include Canada, Russa, Sweden, and the US, according to WorldsTopExports.
The US agriculture and forestry sector includes about 2 million farms and about 3,000 timber companies with combined annual revenue of nearly $500 billion.
Competitive Landscape
Demand is driven by government agricultural policy programs, food consumption trends, and lumber demand. Profitability depends on efficient operations. Large companies have advantages in vertically integrated operations and economies of scale in purchasing and marketing. Small operations can compete effectively by supplying local markets, specializing in heirloom or organic crops or those that have not been genetically modified (GM), or raising animals in less restrictive environments on hormone-free diets.
Products, Operations & Technology
Major crops include sugarcane, corn, rice, and wheat; major animal products include pigs, cattle, sheep, goats, and poultry. ... plus:
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

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