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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 | Jan 2016

Growth spurt: An oversupply of oilseed crops will temporarily hurt revenue

IBISWorld’s Soybean Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
4.2%
Annual Growth 16-21
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Profit
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Employment
8,802
Businesses
6,287
Industry Analysis & Industry Trends

The Soybean Farming industry experienced strong growth over the five years to 2015, 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. In the coming years, strengthening overseas competition is anticipated to keep revenue volatile. Still, the future for Canadian soybean farmers remains sunny. Domestic and international government mandates for renewable fuel will keep soybean prices above historical levels over the five-year period... 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

 


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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