Industry Analysis & Industry Trends
The Grain Storage industry has performed strongly over the past five years due to plentiful crop yields and two years of record rainfall. Massive harvests in 2010-11 and 2011-12 assisted industry performance, as demand for grain storage facilities increased significantly in these two years. Weather conditions have also fluctuated dramatically over the past five years. Initially, drought conditions changed to years of record rainfall, which resulted in both bumper harvests and damaged and destroyed grain crops in different areas. Weather conditions have since improved, resulting in more stable crop yields and steadier revenue growth.
Industry revenue is projected to rise at a compound annual rate of 5.9% over the five years through 2014-15... purchase to read more
Industry Report - Industry Analysis Chapter
Over the past five years, industry revenue has grown due to increasing grain production volumes, rising wheat prices and two years of record rainfall. Larger grain yields result in greater demand for industry services, as more grain needs to be stored. World wheat prices affect industry performance, as a large proportion of grain stored by the industry is wheat. Greater wheat prices typically result in wheat growers planting more crops, as they can generate more revenue per acre sown. This trend also results in greater demand for grain storage facilities. Annual rainfall levels influence industry performance, as more rainfall generally creates greater production volumes. However, extreme rainfall can cause floods, which can damage grain crops and decrease yields... purchase to read more