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2024 U.S. Industry Statistics & Market Forecast - Farm Product Raw Material Merchant Wholesalers


Market Size & Industry Statistics

The total U.S. industry market size for Farm Product Raw Material Merchant Wholesalers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Farm Product Raw Material Merchant Wholesalers industry is currently experiencing various trends that are influencing its operations and growth. First, the emergence of e-commerce platforms and online marketplaces has made it easier for farmers to reach consumers directly, reducing their reliance on wholesalers. This has led to increased competition and pressure on wholesalers to differentiate themselves through value-added services like logistics, packaging, sorting, and processing.

Second, changing consumer preferences are driving demand for organic, natural, and locally sourced products, which has created opportunities for niche and specialty wholesalers. These products also typically command premium prices, which has led wholesalers to expand their offerings beyond commodity products to capture higher margins.

Third, global trade policies, including tariffs and sanctions, are affecting the supply chain, pricing, and demand for raw materials. Wholesalers are having to navigate these challenges by diversifying sourcing strategies, and ensuring that their services remain cost-competitive and efficient.

Fourth, increasing regulatory and environmental pressures, including food safety regulations and sustainability initiatives, are influencing the industry's operations and profitability. Wholesalers are having to invest in infrastructure, technology, and training to comply with these requirements, and to demonstrate their commitment to social and environmental responsibility.

Lastly, advances in technology are transforming the industry, with wholesalers adopting digital tools to streamline operations, improve efficiencies, and provide better customer service. These include software for supply chain management, logistics, tracking and tracing, and customer relationship management. As a result, wholesalers are better positioned to meet the changing needs of their customers and to remain competitive in the marketplace.



Product & Services Breakdown

Research products and services in the Farm Product Raw Material Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Grains, Beans, And Seeds

Corn, Excluding Corn Grown For Silage

Oats And Barley

Wheat

Sorghum, Excluding Sorghum Grown For Silage

Soybeans

Seeds And Other Grains, Beans, And Rice

Cattle, Hogs, Sheep, And Goats

Cattle

Hogs

Hides, Skins, And Pelts

Leaf Tobacco

All Other Leaf Tobacco

Inedible Farm Products

Other Inedible Farm Products

Raw Cotton

Chemicals And Allied Products, Excluding Agricultural Chemicals, Plastics, Industrial And Natural Gases, Liquefied Petroleum (Lp

Refined Petroleum Products, Excluding Liquefied Petroleum (Lp)

Liquefied Petroleum (Lp)

Farm Supplies

Hay And Straw

Poultry And Livestock Feeds, Including Silage, Not Mixed On Location

Poultry And Livestock Feeds, Including Silage, Mixed On Location

Herbicides, Soil Sterilizers, And Soil Conditioners

Insecticides, Fungicides, And Pesticides

Other Agricultural Chemicals And Fertilizers

Seeds And Bulbs For Planting

Other Farm Supplies

Service Receipts And Labor Charges, Including Installed Parts

Miscellaneous Commodities

Receipts For Harvesting, Cleaning, Shelling, And Other Farm Product Preparation Services

Rental And Operating Lease Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Farm Product Raw Material Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Farm Product Raw Material Merchant Wholesalers industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Farm Product Raw Material Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 9%

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Top Executives 6%
Chief Executives0%
General and Operations Managers 6%
General and Operations Managers6%
Sales and Related Occupations 10%
Sales Representatives, Wholesale and Manufacturing 7%
Sales Representatives, Wholesale and Manufacturing 7%
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 7%
Office and Administrative Support Occupations 15%
Other Office and Administrative Support Workers 5%
Office Clerks, General 5%
Office Clerks, General 5%
Farming, Fishing, and Forestry Occupations 17%
Agricultural Workers 16%
Miscellaneous Agricultural Workers 15%
Farmworkers, Farm, Ranch, and Aquacultural Animals 9%
Transportation and Material Moving Occupations 31%
Motor Vehicle Operators 9%
Driver/Sales Workers and Truck Drivers 9%
Heavy and Tractor-Trailer Truck Drivers 8%
Material Moving Workers 20%
Laborers and Material Movers 14%
Laborers and Freight, Stock, and Material Movers, Hand 12%
Source: Bureau of Labor Statistics


Farm Product Raw Material Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Farm Product Raw Material Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Farm Product Raw Material Merchant Wholesalers industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Farm Product Raw Material Merchant Wholesalers industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Farm Product Raw Material Merchant Wholesalers

  • Feb 08, 2024: EMRA LLC (Miami Beach, FL) awarded $3,618
  • Jan 10, 2024: WHOLESOME FOODS PRODUCTS LLC (Plantation, FL) awarded $14,642




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