Industry Analysis & Industry Trends
The Soybean Farming industry in Canada has been immensely volatile throughout its history, but the five years to 2016 have been largely positive. The 2010 Renewable Fuels Regulations revived soybean farming, providing a new source of industry growth. Meanwhile, the export market has expanded, with imports increasingly meeting the needs of domestic soybean crushers. Furthermore, domestic ethanol production has indirectly helped the industry by diverting large quantities of corn away from the livestock feed market. The future for Canadian soybean farmers looks bright, as demand is anticipated to continue growing and renewable energy targets keep rising both domestically and internationally over the next five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the five years to 2016, increasing demand from biofuel manufacturers and adoption of genetically modified (GM) seeds revitalized the Soybean Farming industry in Canada. IBISWorld projects that industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to expand at an average annual rate of 4.6% over the 10 years to 2021, much faster than Canadian GDP growth of about 1.9% per year on average. The contrast indicates a growth life cycle stage for the industry.
The Soybean Farming industry's current growth stage is largely a result of the increased biodiesel demand, both domestically and internationally, stimulated by government policies and further encouraged by a persisting hike in crude oil prices... purchase to read more