11111 - Soybean Farming
If you're delving into the agricultural industry or exploring government contracting opportunities, understanding NAICS code 11111 is essential. This code specifically relates to Soybean Farming, a vital agricultural sector focused on cultivating soybeans for various end uses. Whether you're a commercial grower, an organic farmer, or a contract producer, this NAICS code defines your industry classification for business, regulatory, and contracting purposes.
What is NAICS Code 11111 - Soybean Farming?
NAICS (North American Industry Classification System) code 11111 is assigned to businesses primarily engaged in growing soybeans. These operations focus on the entire process including:
- Planting soybeans
- Cultivating and managing crop growth
- Harvesting mature soybeans
The soybeans produced are essential for several industries, including oil extraction, feed for livestock, and numerous food products consumed globally.
Sector: Crop Production
Soybean Farming falls within the broader sector of Crop Production. This sector involves the cultivation of crops for food, fiber, and other uses. NAICS code 11111 is one of the specialized codes under crop production, emphasizing soybeans.
Typical Business Activities Under NAICS 11111
- Commercial Soybean Farms: Large-scale operations focused on maximizing yield for regional or international markets.
- Organic Soybean Growers: Farms practicing organic cultivation methods that meet USDA organic certification standards.
- Contract Soybean Producers: Farmers who grow soybeans under contracts with processors, food companies, or brokers.
Size Standards for Eligibility
The U.S. Small Business Administration (SBA) sets size standards that determine eligibility for small business programs related to NAICS 11111:
- Maximum size: 1,000 employees or less (varies depending on business specifics and industry guidelines)
- Size standards may also use revenue thresholds depending on the contracting opportunity.
Understanding these standards is critical when competing for government contracts or qualifying for specialized assistance programs.
Examples of Businesses Covered Under NAICS 11111
- Family-owned soybean farms supplying local cooperatives
- Large agribusiness soybean producers exporting to international markets
- Organic soybean operations focusing on health food markets
- Contract farms producing soybeans for biofuel companies
NAICS 11111 Code Details
| Attribute | Details |
|---|---|
| NAICS Code | 11111 |
| Title | Soybean Farming |
| Sector | Crop Production |
| Description | Growing soybeans primarily for oil extraction, animal feed, and food products; includes planting, cultivating, and harvesting soybeans |
| Typical Business Types | Commercial soybean farms, organic soybean growers, contract soybean producers |
| Size Standards | Generally 1,000 employees or less (SBA standards) |
| Primary Products | Soybeans for oil, animal feed, food products |
Frequently Asked Questions (FAQ)
What is NAICS code 11111 used for?
NAICS code 11111 is used to classify businesses that specialize in soybean farming for industrial, food, and feed purposes. It helps identify these companies in government databases, contracting, and statistical analysis.
Who can use NAICS code 11111?
Commercial growers, organic farmers, and contract producers primarily involved in soybean farming can use this code in their business classifications.
What are the benefits of knowing my NAICS code?
Knowing your NAICS code aids in applying for government contracts, grants, and small business assistance programs. It also helps accurately classify and market your business.
Are there size limitations for businesses in NAICS 11111?
Yes, typically businesses with up to 1,000 employees qualify as small businesses under SBA standards, although exact limits may vary depending on the type of contract or program.
Can organic soybean farms fall under NAICS 11111?
Absolutely. Organic soybean farms that engage in planting, cultivating, and harvesting soybeans are categorized under this code.
Conclusion
Understanding NAICS code 11111 - Soybean Farming is crucial for industry players, government contractors, and stakeholders in the agricultural sector. This classification defines a vital part of the Crop Production sector, encompassing a wide range of soybean farming activities from commercial operations to organic growers. By knowing the specifics of this code, including size standards and business examples, you can better position your soybean farming venture for success in both commercial and government contracting arenas.
For farmers and businesses looking to expand or certify their operations, referencing NAICS code 11111 ensures proper industry alignment and access to relevant support programs.
