NAICS UNIVERSITY · Free research for insurance agents
Peanut Farming
NAICS 111992 · United States · 2022 edition
This U.S. industry comprises establishments primarily engaged in growing peanuts.
Review the farm operation beyond the crop.
Peanut Farming combines production risks with equipment, premises and labor concerns. Review crop loss, farm equipment, farm property. Ask about custom work for others, storage and added processing; those activities need their own coverage discussion.
Questions to ask
- How many acres are in peanut production, and are any acres rented or leased versus owned?
- Is federal multi-peril crop insurance currently in place, and at what coverage level?
- What is the approximate current value of farm equipment, particularly peanut-specific machinery?
- Are peanuts stored on-farm post-harvest, and if so, what are the estimated peak storage values?
- Are any farm employees or seasonal/migrant workers hired, and in what states?
- Is any on-farm processing, shelling, or direct marketing of peanuts or peanut products conducted?
- For Peanut Farming, what should the underwriter know about prior crop insurance fraud history or federal program suspensions?
- For Peanut Farming, what should the underwriter know about operations in counties or regions with historically high drought or disease loss ratios?
Activities described by this code
Other activities to examine
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Peanut farming operations typically involve planting, cultivating, and harvesting peanuts on dedicated acreage, often with significant equipment investment for tillage, planting, and digging/harvesting operations. Harvested peanuts may be stored on-farm in storage facilities prior to sale to buyers, processors, or cooperatives. Many operations involve contract growing arrangements with shellers or processors.
Questions to investigate
- How many acres are in peanut production, and are any acres rented or leased versus owned?
- Is federal multi-peril crop insurance currently in place, and at what coverage level?
- What is the approximate current value of farm equipment, particularly peanut-specific machinery?
- Are peanuts stored on-farm post-harvest, and if so, what are the estimated peak storage values?
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.