Manufacturing ·NAICS 311224

NAICS 311224 · IRS SOI 2023 · Census CBP

Soybean and Other Oilseed Processing - Industry Benchmarks

6 SBA loans on record, $2M in volume, for NAICS 311224.

6.7%
Manufacturing sector margin
N/A
Workers employed
N/A
Avg payroll / employee
$2M
SBA lending, FY20–26

Data updated July 2026

The verdict · NAICS 311224

Nebraska leads Soybean and Other Oilseed Processing activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Manufacturing sector runs a 6.7% net margin.

6.7%
Manufacturing sector margin (IRS SOI)
N/A
Workers employed (Census CBP)
N/A
Avg payroll / employee
$2M
SBA lending, FY20–26

Benchmarking Insights for Soybean and Other Oilseed Processing

Soybean and Other Oilseed Processing sits inside Manufacturing, a sector that runs a 6.7% net margin overall.

190 establishments employ N/A workers. Nebraska leads employment, followed by South Dakota and Kansas.

Employment

N/A

Total employees (Census CBP)

Avg Payroll / Employee

N/A

Annual compensation

Establishments

190

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

establishment count increased by 9. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

Financial Detail

Annual Payroll (Total)
$863.4M

Top States by Employment

State Employment
Nebraska 350
South Dakota 216
Kansas 196

Showing top 10 of 19 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

6

Total Loan Volume

$2M

Avg Loan Size

$414K

Jobs Supported

23

Program Breakdown

7(a) 6 (100%)
504 0 (0%)

Top SBA Lender

Ultima Bank Minnesota

1 loans in this industry

New Business Share

33.3% of borrowers were new/startup businesses

Annual Lending Trend (4 yrs)

2021
3
2022
1
2023
1
2024
1

View SBA lending rankings →

Frequently Asked Questions

How profitable is Soybean and Other Oilseed Processing?
IRS SOI doesn't publish margin data at the NAICS 311224 level. Nebraska leads this industry nationally. The broader Manufacturing sector runs a 6.7% net margin (IRS SOI 2023).
How many businesses are in Soybean and Other Oilseed Processing?
190 business establishments.
What is the average payroll per employee in Soybean and Other Oilseed Processing?
Average payroll data for Soybean and Other Oilseed Processing is not available in the current Census CBP dataset.
Which states have the most Soybean and Other Oilseed Processing employment?
Nebraska leads with 350 workers. South Dakota (216) and Kansas (196) round out the top three.
How much SBA lending does Soybean and Other Oilseed Processing receive?
Soybean and Other Oilseed Processing businesses received 6 SBA loans totaling $2 million between FY2020 and FY2026. The average loan size was $414K. These loans supported 23 jobs at origination. Most lending (100%) came through the SBA 7(a) program.

Benchmarking Soybean and Other Oilseed Processing

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 311224 · Data year: 2023

According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.

Read our methodology - how this data is sourced, computed, and verified.

Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023

Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.