Industry Analysis & Industry Trends
The Soybean Farming industry experienced strong growth over the five years to 2015, 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. In the coming years, strengthening overseas competition is anticipated to keep revenue volatile. Still, the future for Canadian soybean farmers remains sunny. Domestic and international government mandates for renewable fuel will keep soybean prices above historical levels over the five-year period... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Soybean Farming industry is overwhelmingly characterized by family owned individual farms. In most cases, soybean producers operate as partnerships and sole proprietors rather than corporations. Furthermore, the industry remains largely fragmented due to a low level of consolidation.
Though there has been a long-term trend toward fewer farms across the agricultural sector, the number of farms specializing in soybeans has increased very slightly over the five years to 2016. The number of enterprises has decreased slightly in the same period, illustrating the presence of consolidation within the industry. However, the number of farms and the number of enterprises are forecast to increase at an annualized rate of 1.2% and 1.1%, respectively, in the five years to 2021... purchase to read more