Crop Production Industry Overview

Companies that grow, harvest, process, and package agricultural crops both for food and non-food products.

Full Crop Production Industry Description

Farm Income Rises

Net farm income in grain and oilseed farming continues to rise, due largely to federal support for corn for ethanol. Many farms are growing grain corn instead of soybeans, vegetables, and other field crops, leading to price hikes as supply declines. The grain corn industry has doubled in value over the past five years as the price of corn has increased from under $2 a bushel to $4. The soybean industry has increased 50 percent in value despite a slight decline in acreage.

Full Crop Production Industry Trends

• Maui Land & Pineapple Company, Inc.
• Chiquita Brands International, Inc.
• Kuala Lumpur Kepong Berhad

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Crop Production maps to a number of NAICS codes including:

Full Crop Production Industry Codes

• American White Wheat Producers Association
  
• Food and Agriculture Organization of the United Nations (FAO)
  
• International Wild Rice Association
  

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