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Sector: 11 Agriculture, Forestry, Fishing and Hunting

NAICS Code 111110 - Soybean Farming

Industry Description

This industry comprises establishments primarily engaged in growing soybeans and/or producing soybean seeds.

Cross-References.

Business Examples

Common types of business activities within NAICS 111110 - Soybean Farming are:

  • Soybean farming, field and seed production

IBISWorld Industry Research Report

Soybean Farming in the US (11111)

Revenue 2025

$44.2bn

Growth 2025

-8.72%

Key Trends

  • Chinese tariffs on US soybeans have resulted in revenue declines for industry growers

  • Domestic producers continued to lose global market share to aggressive competition

  • South American soybean industries are expected to threaten domestic operators

Products and Services

Similar Industries

For some business types, there may be a similar industry to 111110 - Soybean Farming that is a better classification match. Establishments primarily engaged in:

NAICS Hierarchy 111110 - Soybean Farming

NAICS Code 111110 - Soybean Farming sits in the 2-digit Soybean Farming sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes

2 Digits: 11

Sector Title: Agriculture, Forestry, Fishing and Hunting

3 Digits 4 Digits 5 Digits 6 Digits

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