Crop Production Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/24/2024
SIC Codes: 0111, 0112, 0115, 0116, 0119, 0134, 0161, 0171, 0172, 0173, 0174, 0175, 0179, 0182
NAICS Codes: 111
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Crop Production Industry Profile

Companies in this industry grow crops mainly for food and fiber. Major companies include Chiquita Brands International, Dole Food Company, Fresh Del Monte Produce, and Sunkist Growers (all based in the US); along with AMAGGI (Brazil) and Total Produce (Ireland).

Global crop production increased reached about 7.6 billion tons in 2021, according to Statista. Sugarcane, maize, rice, and wheat are the most highly produced crops by volume. China, India, the US, and Brazil are some of the top food-producing countries.

The US crop production industry includes about 2 million farms with combined annual revenue of about $240 billion, with corn and soybeans accounting for about 50% of all US crop receipts.


Demand is driven by federal agricultural policy programs, global and national food consumption trends, and the grain and oilseed export market. The profitability of individual companies depends on maximizing crop yield and minimizing disease risk. Large companies have advantages in highly automated technologies and access to the latest in seed and crop technologies. Small operations can compete effectively by harvesting heirloom, non-genetically modified (GM), organic, or specialty products.

US exports, mainly oilseeds and grains, were valued at over $210 billion in 2022, according to Reuters. Canada, Mexico, EU, and East Asia are major trade partners of the US, according to the US Department of Agriculture.


Major products are corn (about 30% of US industry revenue), soybeans (20%), fruits and nuts ...

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