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 Locations Chapter
Close to 200 varieties of soybeans are grown in Canada, each with its own tolerance for specific climate and soil traits and resistance to certain crop diseases and pests. Although the Soybean Farming industry's establishments are often concentrated in regions that provide the best physical conditions for growing the crop, concentration of industry establishments does not always correspond with the levels of production.
Ontario, which accounts for the largest share of the Canadian population, also holds the largest concentration of industry establishments. The majority of soybeans are grown in southern Ontario; the top five producing counties of Lambton, Chatham-Kent, Essex, Huron and Middlesex are responsible for about half of the province's production... purchase to read more