Industries › NAICS 311224
Industry · NAICS 311224 · sector 31-33 Manufacturing
Soybean and Other Oilseed Processing
Federal contract obligations classified under NAICS 311224, the organisations that win them and the agencies that award them.
USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026.
Federal agencies obligated $20M in contracts classified under NAICS 311224, Soybean and Other Oilseed Processing, in FY2026, and $227M over the five fiscal years since FY2023; the industry ranks 350 of 526 on this site.
Obligations were down 62% on FY2025 ($54M), with $0 so far in FY2027.
The largest recipient organisations by the value of $1.0M-plus awards since FY2023 were Archer-Daniels-Midland Company ($177M), AG Processing Inc., a Cooperative ($19M) and Bunge North America, Inc ($15M).
By place of performance, the most money went to LA.
Contract obligations by fiscal year
Compared with the largest industry FY2026
| Measure | This industry | Aircraft Manufacturing | All contracts |
|---|---|---|---|
| Contract obligations, FY2026 | $20M | $45B | $716B |
| Five-year total | $227M | $211B | $3.0T |
| Share of all contract obligations, five years | 0% | 7.1% | 100% |
Top contractors $1.0M+ award value since FY2023
| # | Organisation | Awards | Award value |
|---|---|---|---|
| 1 | Archer-Daniels-Midland Company | 10 | $177M |
| 2 | AG Processing Inc., a Cooperative | 1 | $19M |
| 3 | Bunge North America, Inc | 2 | $15M |
| 4 | Cargill, Incorporated | 2 | $12M |
Buying agencies $1.0M+ awards
Where the work is performed
Largest awards since FY2023
| Recipient | Awarding agency | Type | Award value | Begun | Place | Record |
|---|---|---|---|---|---|---|
| Archer-Daniels-Midland Company | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $28M | 3 Feb 2023 | LA | USAspending |
| Archer-Daniels-Midland Company | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $25M | 21 May 2025 | LA | USAspending |
| Archer-Daniels-Midland Company | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $19M | 18 Mar 2026 | LA | USAspending |
| AG Processing Inc., a Cooperative | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $19M | 15 Jun 2023 | NE | USAspending |
| Archer-Daniels-Midland Company | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $19M | 18 Jan 2024 | LA | USAspending |
| Archer-Daniels-Midland Company | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $18M | 26 Jul 2023 | LA | USAspending |
| Archer-Daniels-Midland Company | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $17M | 26 Apr 2023 | LA | USAspending |
| Archer-Daniels-Midland Company | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $15M | 9 Apr 2025 | LA | USAspending |
| Archer-Daniels-Midland Company | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $12M | 21 Sep 2023 | LA | USAspending |
| Archer-Daniels-Midland Company | Department of AgricultureAgricultural Marketing Service | ContractDefinitive Contract | $12M | 28 Mar 2024 | LA | USAspending |
Other industries in sector 31-33: Manufacturing
- 336411 Aircraft Manufacturing $211B
- 336414 Guided Missile and Space Vehicle Manufacturing $126B
- 336611 Ship Building and Repairing $118B
- 325412 Pharmaceutical Preparation Manufacturing $70B
- 336413 Other Aircraft Parts and Auxiliary Equipment Manufacturing $69B
- 334511 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing $66B
- 324110 Petroleum Refineries $41B
- 336412 Aircraft Engine and Engine Parts Manufacturing $40B
- 332993 Ammunition (except Small Arms) Manufacturing $31B
- 336992 Military Armored Vehicle, Tank, and Tank Component Manufacturing $26B
- 325411 Medicinal and Botanical Manufacturing $18B
- 334220 Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing $17B
- 339999 All Other Miscellaneous Manufacturing $15B
- 334111 Electronic Computer Manufacturing $13B
- 334290 Other Communications Equipment Manufacturing $9.7B
- 336419 Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing $8.1B
- 332410 Power Boiler and Heat Exchanger Manufacturing $8.1B
- 336111 Automobile Manufacturing $7.1B
- 336415 Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing $6.6B
- 339112 Surgical and Medical Instrument Manufacturing $6.2B
- 331410 Nonferrous Metal (except Aluminum) Smelting and Refining $6.1B
- 332994 Small Arms, Ordnance, and Ordnance Accessories Manufacturing $5.9B
- 336212 Truck Trailer Manufacturing $5.5B
- 311999 All Other Miscellaneous Food Manufacturing $5.4B
Questions and answers
How much does the federal government spend on NAICS 311224?
$20M in contract obligations classified under Soybean and Other Oilseed Processing in FY2026, $227M over the five fiscal years since FY2023. Obligations are commitments, not payments.
Who are the top contractors in Soybean and Other Oilseed Processing?
Archer-Daniels-Midland Company ($177M), AG Processing Inc., a Cooperative ($19M), Bunge North America, Inc ($15M), Cargill, Incorporated ($12M), by the value of $1M-plus awards since FY2023.
Which agencies buy in this industry?
By the value of $1.0M-plus contracts since FY2023: Department of Agriculture ($222M).
What is a NAICS code?
In USAspending's words: "NAICS stands for the North American Industrial Classification System. This 6-digit code tells you what industry the work falls into. Each contract record has a NAICS code." Assistance awards (grants, loans, direct payments) carry no NAICS code and are not counted here.
Provenance
Source: USAspending.gov API v2, spending by category (NAICS) by fiscal year, recipient cross-tabulation for FY2022–FY2025 and award search, loaded 30 Sep 2026. State figures come from each state's top-100 NAICS list, so small amounts in a state may be missing. See methodology.