111110 - Soybean Farming
The agriculture sector plays a vital role in feeding the world, and among its many facets, soybean farming stands out due to its widespread demand and versatility. If you’re engaged in growing soybeans or planning to enter this field, understanding NAICS code 111110 is crucial. This specific classification helps businesses, researchers, and government agencies identify and categorize establishments primarily focused on soybean production.
What is NAICS Code 111110?
NAICS code 111110 corresponds to Soybean Farming, covering establishments whose primary activity is the cultivation of soybeans (Glycine max). While these farms may also produce other crops, their main focus is on soybean cultivation for commercial use.
Sector: Crop Production
NAICS 111110 falls under the broader Crop Production sector, which encompasses all farming activities related to growing crops for food, feed, seed, or industrial use. Soybean farming is a key component of this sector due to soybeans’ importance in both human nutrition and as a raw material for numerous industrial products such as oils, animal feed, and biofuels.
Typical Business Types and Activities Under NAICS 111110
Businesses classified under this NAICS code generally include:
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Commercial Soybean Farms
Large-scale operations primarily focused on growing soybeans for sale domestically and internationally. -
Organic Soybean Growers
Farms specializing in organic soybean production adhering to USDA organic standards. -
Contract Soybean Producers
Soybean farmers operating under contract agreements with processors, cooperatives, or other buyers.
These enterprises vary in size and may employ modern agricultural technologies including precision farming, irrigation systems, and sustainable farming practices.
Size Standard for NAICS 111110
For the purpose of small business classifications and government contracting, the size standard for soybean farming (NAICS 111110) is set at:
- $2.25 million dollars in average annual receipts.
This size standard helps determine eligibility for small business programs, loans, and federal contracts relevant to soybean farming enterprises.
Examples of Businesses Under NAICS 111110
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Green Acres Soybean Farms: A family-owned commercial soybean operation supplying local and export markets.
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Organic Harvest Soybean Co.: Certified organic soybean grower specializing in non-GMO soybeans for health food manufacturers.
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Midwest Contract Soybean Growers: Producer collective growing soybeans under contract with regional processing plants.
Frequently Asked Questions (FAQ) About NAICS Code 111110
What products come from soybean farms under NAICS 111110?
Primarily soybeans grown for food products, animal feed, soy oil, biodiesel, and various industrial applications.
Can a farm classified under NAICS 111110 grow other crops?
Yes. While the main focus is soybeans, these establishments can also grow other crops, but soybeans must be the dominant product.
How is the $2.25 million size standard determined?
It is based on the average annual receipts (gross income) over a specified period, as defined by the Small Business Administration (SBA).
Are organic soybean farms included in NAICS 111110?
Yes, organic soybean farms fall under this category as long as soybean production is the primary business activity.
Why is it important to know your NAICS code?
Knowing your NAICS code ensures proper classification for regulatory purposes, eligibility for small business programs, and aids in market analysis and government contracting.
Conclusion
NAICS code 111110 - Soybean Farming represents a critical segment of the agricultural industry focused on cultivating one of the world’s most important crops. Whether you're a commercial grower, organic producer, or contract farmer, understanding this classification — along with its associated sector, business types, and size standards — is essential for compliance, growth, and accessing government resources.
For soybean farming businesses seeking to scale or participate in government contracting, aligning with the details of NAICS 111110 can open future opportunities.
Keywords: NAICS code 111110, soybean farming, soybean growers, crop production sector, soybean farms, organic soybean growers, contract soybean producers, soybean farm size standard, small business classification
