Corn Farming in the US - Industry Market Research Report

Getting An Earful: the Industry is Expected to Rebound as Supply and Demand for Corn Balance

Revenue for the corn farming industry has been volatile over the past five years as corn prices and demand have fluctuated dramatically. The outbreak of the COVID-19 pandemic caused a downturn in revenue as the supply chain backed up products were left unsold, but massive increases in exports and boosted oil production caused revenue to skyrocket in 2021 and 2022. As a result of these outliers, revenue has risen an annualized 10.1% to $94.7 billion over the five years to 2023, including an increase of 0.3% in 2023 alone. Operators in this industry primarily grow corn (except sweet corn) and produce corn seeds. Corn commonly refers to the grains or kernels of the tall annual cereal grass Zea mays, a staple cereal in many parts of the world. In the United States, it is most commonly used as livestock feed and in the production of ethanol, sweeteners, oil and other products. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.