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 two leading generals of the third largest country in Africa have clashed over the country’s vast economic and political power. So, what is happening on the global economic stage in the face of this conflict?
Africa is the second-largest continent in the world by land mass and the second-largest continent based on population. The largest reserves of diamonds, platinum, gold, and many other resources can be found on the continent. Africa also holds 60% of the world’s arable land and a tenth of the earth’s internal renewable fresh water supply. Although carrying an ample supply of resources, land, and population, Africa is one of the poorest countries in the world. Around 460 million Africans live below the extreme poverty line. In May 2019, the African Union signed the AfCFTA (African Continental Free Trade Area) into place, which can be the first massive step toward economic growth.
- Hoovers (Date Accessed: 6/1/2017)