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Soybean Farming in Newfoundland

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS NL11111CA

Soybean Farming in Newfoundland industry analysis

Revenue for the Soybean Farming industry in Newfoundland And Labrador is expected to decline an annualized -x.x% to $x.x thousand over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to x locations over the past five years. Industry employment has stagnated an annualized x% to x workers during the period, while industry wages have decreased an annualized -x.x% to $x,xxx,xxx.x.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x thousand, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to stagnate an annualized x% to x workers during the outlook period, while industry wages likely decrease -x% to $x,xxx,xxx.x.

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About the Soybean Farming in Newfoundland Market Research Report

What’s Included in the Soybean Farming in Newfoundland Market Research Report

Definition of the Soybean Farming in Newfoundland?

This industry grows soybeans. Soybeans are most often used in livestock feed and vegetable oils, although a growing proportion of the crop produced by this industry is being used in biofuel production.

What’s included in the Soybean Farming in Newfoundland?

The Soybean Farming in Newfoundland includes soybean farming and soybean seed production. Related terms covered in the Soybean Farming in Newfoundland industry report includes a fuel that is similar to diesel fuel and is usually derived from vegetable sources such as soybean oil, also called agrifuel or biodiesel. a fuel consisting of or derived from dead biological material, usually plants, a substance used to destroy unwanted plants and weeds, while leaving a desired crop relatively unharmed, the solid protein left over after the oil is removed from soybeans, a technique whereby specific changes are introduced into a plant's or animal's dna by genetic engineering techniques. the most common modified foods include soybean, corn and canola and the number of soybeans produced per acre of land. for soybeans, this is measured in bushels per acre.

Industry Performance of the Soybean Farming industry in Newfoundland

Benchmark the Soybean Farming in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Soybean Farming in Newfoundland

#10 in Highest Revenue 0% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Soybean Farming in Canada


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Soybean Farming industry in Newfoundland

See how key industry drivers, such as gross domestic product, population, private investment in non-residential construction, world price of soybeans, gdp of mainland china and world price of crude oil are impacting Soybean Farming in Newfoundland

Newfoundland Economic Indicators

Gross Domestic Product
Population
Private Investment in Non-Residential Construction

View more economic information in NL State Economic profile

Canada Key External Drivers

World price of soybeans
GDP of mainland China
World price of crude oil

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Soybean Farming industry in Newfoundland

Key Statistics of the Soybean Farming industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Soybean Farming industry in Newfoundland in 2025?

The market size of the Soybean Farming industry in Newfoundland is $638.5k in 2025.

How many businesses are there in the Soybean Farming industry in Newfoundland in 2025?

There are 2 businesses in the Soybean Farming industry in Newfoundland, which has been growing at an average annual rate of 14.9% from 2020 to 2025.

Has the Soybean Farming industry in Newfoundland grown or declined over the past 5 years?

The market size of the Soybean Farming industry in Newfoundland has been declining at an average annual rate of -2.7% from 2020 to 2025.

How many employees in the Soybean Farming industry in Newfoundland in 2025?

There are 1 employees in the Soybean Farming industry in Newfoundland, which has been declining at an average annual rate of 0.0% from 2020 to 2025.