NAICS UNIVERSITY · Free research for insurance agents
Soybean Farming
NAICS 111110 · United States · 2022 edition
This industry comprises establishments primarily engaged in growing soybeans and/or producing soybean seeds.
Activities described by this code
Other activities to examine
Census classification reference
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Soybean farming operations plant, cultivate, and harvest soybeans on owned or leased acreage, typically using large agricultural equipment such as planters, combines, and grain carts. Harvested grain is typically stored in on-farm bins or transported to commercial elevators. Some operations also produce certified soybean seed under contract.
Questions to investigate
- How many acres are farmed, and what portion is owned versus cash-rented or share-rented?
- Is the operation enrolled in federal multi-peril crop insurance, and at what coverage level?
- What is the approximate current value of mobile farm equipment, particularly combines and planters?
- Is any custom farming, spraying, or harvesting performed for neighboring operations?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.