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Soybean Farming in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Soybean Farming in Canada Market Research Report | NAICS 11111CA | Feb 2014

Growth spurt: Demand will continue upward thanks to livestock feed and biofeel needs

IBISWorld’s Soybean Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
8.9%
Annual Growth 14-19
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Profit
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Employment
21,833
Businesses
6,588
Industry Analysis & Industry Trends

The Soybean Farming industry experienced strong growth over the five years to 2013, mainly due to the crop's status as a major input for biofuel. The Renewable Fuels Regulations of 2010 allowed Canada to use soybeans as a renewable energy source to make biodiesel. Through the next five years, domestic and international government mandates for renewable fuel will keep soybean prices above historical levels for the five-year period. Also, demand from emerging nations like China will keep exports high, expanding another revenue stream for the Soybean Farming industry. Strengthening overseas competition is anticipated to keep revenue volatile, though... purchase to read more

Industry Report - Starting a New Business Chapter

Overall, there are few barriers to entry into the Soybean Farming industry. Generally, all inputs are readily available, farmers can easily shift between agricultural activities, and there is often a number of farms available for sale. Nonetheless, capital investment requirements and problems securing financing for such an investment may deter some potential industry entrants. On the other hand, it is much easier for existing grain producers to switch to soybeans or include them as part of their plantings. Beyond seeds, soybean farming requires no special inputs. Existing farms can simply reallocate their expertise, land, machinery, fencing and buildings to soybean growing.

Setting up a farm from the ground up requires considerable investment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Soybean Farming Industry?

This industry grows soybeans. Soybeans are most often used in livestock feed and vegetable oils, although a growing proportion of the crop is being used in biofuel production.

Industry Products
Soybean mealSoybean oilOther soy productsSoybean seeds
 
Industry Activities
Soybean farmingSoybean seed production


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