NAICS Code 111992 - Peanut Farming

NAICS 111992 - Peanut Farming

NAICS 11 - Agriculture, Forestry, Fishing and Hunting
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 111 - Crop Production
  NAICS 111 - Crop Production NAICS 112 - Animal Production NAICS 113 - Forestry and Logging NAICS 114 - Fishing, Hunting and Trapping NAICS 115 - Support Activities for Agriculture and Forestry
  - NAICS 1119 - Other Crop Farming
    NAICS 1111 - Oilseed and Grain Farming NAICS 1112 - Vegetable and Melon Farming NAICS 1113 - Fruit and Tree Nut Farming NAICS 1114 - Greenhouse, Nursery, and Floriculture Production NAICS 1119 - Other Crop Farming
    - NAICS 11199 - All Other Crop Farming
      NAICS 11191 - Tobacco Farming NAICS 11192 - Cotton Farming NAICS 11193 - Sugarcane Farming NAICS 11194 - Hay Farming NAICS 11199 - All Other Crop Farming
      - NAICS 111992 - Peanut Farming
        NAICS 111991 - Sugar Beet Farming NAICS 111992 - Peanut Farming NAICS 111998 - All Other Miscellaneous Crop Farming

This U.S. industry comprises establishments primarily engaged in growing peanuts.

Industry trends:

The latest qualitative trends in the Peanut Farming industry (NAICS 111992) highlight a growing emphasis on sustainability and technological adoption. Farmers are increasingly using precision agriculture techniques to optimize yields and reduce waste, relying on GPS, soil sensors, and data analytics to make informed decisions about planting and harvesting. Additionally, there is a pivot towards organic peanut farming as consumer demand for organic and non-GMO products continues to rise. This shift is driven by heightened awareness of health concerns and environmental impacts.

Another notable trend is the increasing importance of water management practices. Given the sensitivity of peanuts to water availability and climate change’s impact on water resources, farmers are investing in more efficient irrigation systems and drought-resistant peanut varieties. Partnerships with agricultural research institutions to develop these new varieties are also on the rise.

In the near future, forecasts suggest that the peanut farming industry will continue to see advancements in genetic modifications aimed at improving disease resistance and crop resilience. Moreover, market diversification, including exploring new uses for peanuts in plant-based products and alternative protein sources, is expected to grow. As consumer preferences evolve, adaptability and innovation will be crucial for staying competitive.

This industry is comprised of:

Peanut farming

Explore related industries:

NAICS 311911 - Roasted Nuts and Peanut Butter Manufacturing NAICS 325311 - Nitrogenous Fertilizer Manufacturing NAICS 445292 - Confectionery and Nut Stores

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