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
The global pork market is currently facing a major obstacle: African swine fever. This disease has severely cut China’s hog population, which is predicted to drop around 40 percent from the beginning of 2018 to 2020. This will consequently reduce global pork production by 10 percent in 2020 and is especially consequential because China is the world’s leader in pork sales, yielding a value of 118.2 billion dollars in 2018. The disease and its negative effect on the ability of the pork industry to meet market demand have caused pork and bacon prices to rise, likely leading to the largest jump in price since the mad cow disease epidemic of 2004. With such a big shift in the meat industry, questions arise about how the pork segment will respond and how this shift will impact the meat industry as a whole.
The preservation of natural environments and resources is immensely important in the most universal of ways. Preservation helps to stabilize and ensure the habitability of different regions, while also protecting the rest of the earth from rapid changes in the climate. While this is reason enough to advocate protection of the wilderness, destruction of natural areas can negatively impact the economy by disrupting supply systems and resource production. For these reasons, it is crucially important to observe and respond to natural disasters and threats as they occur.
- Hoovers (Date Accessed: 6/1/2017)