Industry Analysis & Industry Trends
The Soybean Farming industry in Canada has been immensely volatile throughout its history, but the five years to 2015 have been largely positive. The 2010 Renewable Fuels Regulations have revived soybean farming, providing a new source of industry growth. The future for Canadian soybean farmers looks bright, as demand is anticipated to keep growing and renewable energy targets continue rising both domestically and internationally. To meet this demand, farmers will increasingly use genetically modified (GM) seeds to push yields to levels three times higher than they were 50 years ago... 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