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:
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NAICS Cross Reference
Establishments engaged in growing soybeans in combination with grain(s) with the soybeans or grain(s) not accounting for one-half of the establishment's agricultural production (value of crops for market) are classified in U.S. Industry 111191, Oilseed and Grain Combination Farming.
IBISWorld industry research report
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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1111 Oilseed and Grain Farming
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11111 Soybean Farming
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11112 Oilseed (except Soybean) Farming
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11113 Dry Pea and Bean Farming
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11114 Wheat Farming
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11115 Corn Farming
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11116 Rice Farming
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11119 Other Grain Farming
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1112 Vegetable and Melon Farming
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11121 Vegetable and Melon Farming
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1113 Fruit and Tree Nut Farming
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11131 Orange Groves
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11132 Citrus (except Orange) Groves
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11133 Noncitrus Fruit and Tree Nut Farming
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1114 Greenhouse, Nursery, and Floriculture Production
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11141 Food Crops Grown Under Cover
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11142 Nursery and Floriculture Production
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1119 Other Crop Farming
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11191 Tobacco Farming
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11192 Cotton Farming
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11193 Sugarcane Farming
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11194 Hay Farming
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11199 All Other Crop Farming
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1121 Cattle Ranching and Farming
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11211 Beef Cattle Ranching and Farming, including Feedlots
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11212 Dairy Cattle and Milk Production
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11213 Dual-Purpose Cattle Ranching and Farming
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1122 Hog and Pig Farming
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11221 Hog and Pig Farming
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1123 Poultry and Egg Production
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11231 Chicken Egg Production
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11232 Broilers and Other Meat Type Chicken Production
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11233 Turkey Production
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11234 Poultry Hatcheries
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11239 Other Poultry Production
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1124 Sheep and Goat Farming
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11241 Sheep Farming
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11242 Goat Farming
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1125 Aquaculture
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1129 Other Animal Production
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11291 Apiculture
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11292 Horses and Other Equine Production
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11293 Fur-Bearing Animal and Rabbit Production
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11299 All Other Animal Production
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1131 Timber Tract Operations
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11311 Timber Tract Operations
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1132 Forest Nurseries and Gathering of Forest Products
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11321 Forest Nurseries and Gathering of Forest Products
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1133 Logging
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11331 Logging
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1141 Fishing
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1142 Hunting and Trapping
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11421 Hunting and Trapping
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1151 Support Activities for Crop Production
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1152 Support Activities for Animal Production
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11521 Support Activities for Animal Production
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1153 Support Activities for Forestry
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11531 Support Activities for Forestry
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NAICS Resources
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