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 - 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. Conversely, 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