Grains & Oilseeds Production Industry Financials

The agricultural crop industry includes around 1.3 million farms with harvested cropland operating on 300 million harvested acres, with combined annual revenue of $175 billion. Major companies include produce farms owned by Dole Food Company and Fresh Del Monte Produce, and grain farms owned by Monsanto, Syngenta, and DuPont. As a whole, the industry is fragmented: 10 percent of companies account for one-third of revenue. Vegetable and melon farms are more concentrated, with the top 10 percent of companies representing two-thirds of industry revenue.

The grain farming industry includes about 240,000 farms with combined annual grain revenue of $70 billion. No major farms dominate. Major grain seed production companies include Monsanto, Syngenta, and DuPont. The average annual total revenue per grain farm is $300,000. The industry is highly fragmented: the top 10 percent of farms generate one-third of total industry revenue.

Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Grains & Oilseeds Production industry.