Bean and Grain Farming
Companies in this segment grow grains and beans such as soybeans, oilseeds, dry peas and beans, wheat, corn, rice, and oilseed and grains.
Establishments within this segment grow and sell tobacco, cotton, sugarcane, and sugar beets.
Farm Management Services
This segment is comprised of establishments that provide farm management services on a contract or fee basis.
Fish and Crustaceans
Companies in this segment raise fish, shellfish, and other aquatic animals.
Companies within the floriculture segment grow and product products including flowers, cultivated greens, foliage plants, and flower seeds.
Establishments within this segment grow fruits including, but not limited to, oranges, citrus, apples, grapes, strawberries, and other berries.
In this segment, companies raise or fatten animals in order to sell them.
Soil Preparation, Planting, and Cultivating
This segment includes companies that perform social preparation activities including plowing, fertilizing, seed bed preparation, planting, cultivating, and crop protection services.
Companies in this segment produce vegetable and melon crops, seeds, and bedding plants. Major products include potatoes, tomatoes, and lettuces.
The Agriculture industry is Fragmented. The production in this industry is divided among a few different companies, however, no single firm has large enough share of the market to be able to influence the industry's direction or price levels.
Primary Demand Drivers
- Government agricultural policy programs
- Food consumption trends
- Labor demand
- Efficient operations
From the Blog
Genetically modified has become a common term in society, especially in the crop industry. Genetic modification is part of the biotechnology industry which encompasses the exploitation of biological processes, especially that of the genetic manipulation of microorganisms for the production of crops, antibiotics, and hormones.
It is no surprise that the proposed Chinese tariffs looming over American agricultural industries such as soybeans, fruit, nuts, wine, and pork have the potential to greatly affect not only the companies and farmers that they target but the everyday Chinese consumers who purchase those products as well. If the duties are imposed, they will raise the cost of American imported goods in China to a point that exported goods from other countries may become a more valuable and competitive option than those from the United States.
- Hoovers (Date Accessed: 6/1/2017)