NAICS 311224: Soybean and Other Oilseed Processing
Soybean and Other Oilseed Processing is NAICS code 311224. A business is small under it with 1,250 employees or fewer. No federal contracts are open under this code right now.
- SBA size standard
- 1,250 employees or fewer
- Open contracts now
- 0
- Federal spending, FY2025
- $53.7 million
- Share won by small businesses
- 3%
- Small businesses registered
- 54
What NAICS 311224 covers
The Census Bureau's NAICS index lists these kinds of work under 311224:
- Canola (rapeseed) oil, cake and meal, made in crushing mills
- Castor oil and pomace made in crushing mills
- Coconut oil made in crushing mills
- Cottonseed oil, cake and meal, made in crushing mills
- Flaxseed oil made in crushing mills
- Lecithin, cottonseed, made in crushing mills
- Linseed oil, cake and meal, made in crushing mills
- Olive oil made in crushing mills
- Palm-kernel oil, cake, and meal made in crushing mills
- Peanut cake, meal, and oil made in crushing mills
- Rapeseed (i.e., canola) oil made in crushing mills
- Safflower oil made in crushing mills
- Shortening made in crushing mills
- Soybean cakes and meal manufacturing
The index lists 27 entries for this code in all.
Read the full definition, including what's excluded, on census.gov.
SBA size standard for 311224
To count as a small business for a contract assigned NAICS 311224, your business must have 1,250 employees or fewer. Employees are averaged over the last 24 months.
From SBA's table of size standards, effective Mar 17, 2023. Confirm it with SBA's size standards tool before you certify your size.
Who buys soybean and other oilseed processing
Agencies that awarded the most under NAICS 311224 over the last three fiscal years, per USAspending.gov:
| Agency | Obligated |
|---|---|
| Agricultural Marketing Service | $116.4 million |
| Agricultural Research Service | $1.1 million |
| Federal Prison System / Bureau of Prisons | $109,257 |
| Department of the Navy | $-15,311 |
Your competition
54 businesses with active SAM.gov registrations are rated small under NAICS 311224, most of them in Florida (9), Texas (5), Georgia (4), Virginia (3) and California (3). Look any of them up with the free CAGE code and UEI lookup.
Federal spending under 311224 by year
| Fiscal year | Contract obligations |
|---|---|
| FY2024 | $43.7 million |
| FY2025 | $53.7 million |
| FY2026 | $20.2 million |
| FY2027 (so far) | $0 |
Source: USAspending.gov, all contract awards with this NAICS code. Fiscal years start October 1.
Related NAICS codes
- 311211 Flour Milling
- 311212 Rice Milling
- 311213 Malt Manufacturing
- 311221 Wet Corn Milling and Starch Manufacturing
- 311225 Fats and Oils Refining and Blending
- 311230 Breakfast Cereal Manufacturing
Frequently asked questions
What is NAICS code 311224?
311224 is the 2022 NAICS code for Soybean and Other Oilseed Processing. The Census Bureau's index lists work such as canola (rapeseed) oil, cake and meal, made in crushing mills, castor oil and pomace made in crushing mills, coconut oil made in crushing mills under it. Federal contracting uses the 2022 codes.
What is the SBA size standard for NAICS 311224?
1,250 employees or fewer. A business at or under that is small for contracts assigned this code. The current SBA table took effect Mar 17, 2023.
Are there government contracts for soybean and other oilseed processing?
None are open on SAM.gov right now, but new notices post daily. You can set up a free alert for this code.
How do I add NAICS code 311224 to my SAM.gov registration?
Update your entity registration on SAM.gov and add the code on the Goods and Services page, in the Assertions section. You can list several NAICS codes and mark one as your primary. Changes are free.
Keep going
- Search other NAICS codes by keyword or company
- How to choose NAICS codes for government contracts
- NAICS codes with the most open federal contracts
FedReady is an independent company, not affiliated with SBA, SAM.gov, the Census Bureau or any government agency. Open-contract counts come from SAM.gov and update daily; spending figures come from USAspending.gov.