Soybean and Other Oilseed Processing — NAICS 311224
Browse federal contract opportunities classified under NAICS code 311224 (Soybean and Other Oilseed Processing). Find active solicitations on SAM.gov, understand size standards, and discover set-aside opportunities for your business.
About NAICS 311224
Soybean and Other Oilseed Processing. This industry falls under the Manufacturing sector (NAICS codes beginning with 31).
Federal agencies use NAICS code 311224 when posting contract opportunities on SAM.gov to classify the type of work being solicited. Businesses that operate in the soybean and other oilseed processing space should include this code in their SAM.gov registration and capability statements to ensure they appear in relevant searches.
How to Use NAICS 311224 in Federal Contracting
To compete for federal contracts under NAICS 311224, your business should be registered in SAM.gov with this NAICS code listed in your entity profile. When agencies post solicitations for soybean and other oilseed processing work, they reference this code to determine the applicable small business size standard and any set-aside eligibility.
If you hold certifications such as 8(a), HUBZone, SDVOSB, or WOSB, you may be eligible for set-aside contracts under this NAICS code. These set-asides limit competition to certified small businesses, giving you a significant advantage in winning federal work.
FedOverwatch monitors SAM.gov daily and can automatically match you with new opportunities under NAICS 311224. Set up your profile with your NAICS codes and certifications to receive personalized contract alerts.
NAICS 311224 Market Intelligence
Based on 3 years of federal award data from USAspending.gov, the soybean and other oilseed processing market has seen 46 contract awards totaling $173.2M in value. The median contract size is $112K, with approximately 1 new awards per month.
Total Awards (3yr)
46
Total Value
$173.2M
Median Contract
$112K
Competitors
15
Contract value distribution
33 small business awards ($3.0M total value,$60K median)
15 companies compete for NAICS 311224 contracts
See who's winning, their award values, and where you fit in the market
Explore CompetitorsSize Standards
The SBA establishes size standards for each NAICS code to define what qualifies as a "small business" for federal contracting purposes. For NAICS 311224 (Soybean and Other Oilseed Processing), the size standard is based on either average annual receipts or number of employees, depending on the specific industry. Meeting the size standard for your primary NAICS code is required to qualify for small business set-aside contracts.
Visit the SBA Size Standards Table to find the current threshold for NAICS 311224.
Recent NAICS 311224 Opportunities
View all →No active opportunities found for NAICS 311224 right now.
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Set up your profile with your NAICS codes and certifications, and FedOverwatch will automatically match you with relevant soybean and other oilseed processing opportunities as they're posted on SAM.gov.