Agriculture & Forestry Sector Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/13/2024
SIC Codes: 01 , 02 , 07 , 08 , 09
NAICS Codes: 11
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 Agriculture & Forestry Sector Industry Profile

Companies in this industry sector grow crops, raise or fatten animals for animal products, and grow and harvest timber. Major crop production companies include AMAGGI, Chiquita, Dole Food Company, Fresh Del Monte Produce, Sunkist Growers, and Total Produce; major animal production companies include Agri Beef, Dairy Farmers of America, JBS SA, and WH Group. Major timber operations include PotlatchDeltic, Resolute Forest Products, Stora Enso, and Weyerhaeuser.

The global agricultural market was about $12 trillion in 2022 at a compound annual growth rate (CAGR) of 9.4%, according to The Business Research Company. According to Investopedia, the US, China, India, and Russia are among the top cereal and vegetable crop producers. Top wood product sources include Canada, Russia, Sweden, and the US, according to WorldsTopExports.

The US agriculture and forestry sector includes about 2 million farms and about 3,000 timber companies with combined annual revenue of nearly $500 billion.


Demand is driven by government agricultural policy programs, food consumption trends, and lumber demand. Profitability depends on efficient operations. Large companies have advantages in vertically integrated operations and economies of scale in purchasing and marketing. Small operations can compete effectively by supplying local markets, specializing in heirloom or organic crops or those that have not been genetically modified (GM), or raising animals in less restrictive environments on hormone-free diets.


Major crops include sugarcane, corn, rice, and wheat; major animal products include pigs, cattle, sheep, goats, ...

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