Wheat, Barley & Sorghum Farming in the US - Industry Market Research Report

Fields of gold: Domestic products will be more attractive as the US dollar depreciates

Wheat, barley and sorghum farming exhibits volatile, but overall positive revenue performance through the end of 2023. Increased plantings and strong supply utilization have been beneficial to industry revenue growth. Wheat, barley and sorghum farming revenue has surged at a CAGR of 5.2% to $17.7 billion over the past five years, pushed down by a 5.7% decrease in 2023 alone. Profit will also rise due to increased wheat prices. Operators in the Wheat, Barley and Sorghum Farming industry primarily grow one or more varieties of wheat or a combination of sorghum, barley, oats, rye and other grains, where no single crop accounts for more than half the total value of production of the farm. 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.