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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Industry Investment Chapter

Capitalization in the Soybean Farming industry is high, as most farming activities such as ploughing, sowing and harvesting are mechanized. Tractors, storage mills and irrigation systems are common features on soybean farms and are treated as depreciable assets. Although technological advancements make these items increasingly costly, they also allow farmers to use less labour and ensure a higher-quality, consistent crop. Consequently, labour requirements in the industry are growing at a slower rate in response to advancements in farm equipment.

Labour is not a fixed cost, so it fluctuates in response to changing industry and economic conditions. In addition, a large portion of paid labour is seasonal. Demand for labour is highest during planting, cultivation and harvest periods... 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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