Dry Pea and Bean Farming in the United States (NAICS 11113)

A short rollup primer on the U.S. pulse-crop farming industry — relevant to both public-market and private investors. This level is effectively identical to its one child, NAICS 111130; see that page for full detail.

1. Overview

The North American Industry Classification System (NAICS) code 11113 is a five-digit "industry" that sits one rung above a single six-digit national industry, 111130 — Dry Pea and Bean Farming. Because NAICS created no other six-digit lines beneath it, 11113 equals 111130: the same farms, the same crops, the same economics. There is nothing in the five-digit code that is not also in the six-digit one.

In plain terms, this is the business of growing pulses — the dried, edible seeds of legume plants: dry edible beans (pinto, navy, black, kidney, Great Northern), dry peas, lentils, and chickpeas (garbanzos), all harvested dry rather than fresh [1]. The activity here is farm production, not food processing, milling, or trading, which sit in separate industries.

Why an investor cares, in one line: this is a small, cyclical, price-cycle, input-cost, and export business — a modest but real exposure to global protein demand, trade policy, and weather. For the full treatment of scope, economics, players, and risks, read the child primer, NAICS 111130. This page gives only the rollup view.

2. What's inside — and why this level equals its one child

NAICS is a nested hierarchy. Below the five-digit industry group there is normally room for several six-digit national industries. Here there is exactly one:

When a five-digit industry has a single six-digit child, U.S. statistical agencies do not subdivide it further — the two codes describe the same set of establishments. So every scope note that applies to 111130 applies unchanged to 11113 [1]:

• In scope: farms primarily growing dry peas, dry beans, lentils, chickpeas, dry cowpeas, dry lima beans, and faba (fava) beans [1].
• Out of scope: fresh green beans and green peas (a vegetable crop, NAICS 111219); soybeans (NAICS 111110); processing such as canning, milling pulse flour, and extracting pea protein (food manufacturing, NAICS 31142 and related); and bean elevators / grain merchants (wholesale trade, NAICS 424510) [1].

Because the level is a pass-through, this page does not repeat the child's full analysis. Sections 4–10 below are brief rollup pointers; the substantive detail lives in 111130.

3. Size (this level's rollup figures)

Our ingested federal statistics for NAICS 11113 are empty — there are no ingested stat_metrics for this specific five-digit node in our ground-truth source, so every figure here is inherited from the child industry's cited public sources and labeled as such (not an audited 11113 total).

Since 11113 equals 111130, the child industry's scale figures are this level's rollup figures:

(cwt = hundredweight = 100 pounds.) The ~$1.27 billion figure is a crop-value proxy summed from USDA National Agricultural Statistics Service (NASS) survey lines, not audited NAICS industry revenue [5].

Undercount caveat — read before quoting any "number of firms." Do not size this level from employer-business datasets. County Business Patterns (CBP), the Small Business Administration (SBA) establishment counts, and similar payroll-based series exclude farm-production workers, the self-employed, and no-paid-staff operations, so these farms largely disappear from them [8]. Even USDA's Census of Agriculture classifies only a small minority of farms as primarily dry pea/bean operations — on the order of a few hundred to a few thousand, reporting well under $300 million in market value — because most pulse acreage sits on farms coded as wheat or other grain, where pulses are a rotation crop [7]. Treat that primary-classification count as illustrative of the undercount, not as the industry total; the ~4 million acres and ~$1.3 billion of crop value in the NASS surveys are the honest measure of scale.

4. Investable universe (where value concentrates)

Because 11113 = 111130, the investable map is the child's map. In short: there is no publicly traded pure-play U.S. dry-pea-and-bean farm. Value concentrates downstream, in the merchants and processors that buy, clean, ship, and mill the crop — for most of whom pulses are one line among many:

• Closest listed exposure: AGT Food and Ingredients (Toronto Stock Exchange: AGTF), a global value-added pulse processor that re-listed in March 2026, Fairfax-controlled [11].
• Diversified public proxies: Archer-Daniels-Midland (NYSE: ADM), Bunge Global (NYSE: BG), Ingredion (NYSE: INGR) — pulses are a minor line; Beyond Meat (Nasdaq: BYND) is a pea-protein demand signal, not a farm proxy [9][12][13].
• Private / cooperative owners hold most real value: Cargill / Puris, Columbia Grain International (Marubeni-owned), Kelley Bean, CHS Inc., and pea-protein makers Roquette and Emsland [9][13][14][15][16][17].

Full company-by-company detail is in 111130, Section 4.

5. How the money works

Identical to the child. A grower's economics are the commodity-crop equation: gross revenue per acre = harvested yield × realized price, set against cash cost per acre. Owners win or lose on three levers — yield (rainfall, heat, disease, agronomy), price (volatile, thin, class-specific markets managed with forward contracts), and cost/margin (seed, fertilizer, chemicals, fuel, machinery, land rent, interest, drying and storage). Pulses fix their own nitrogen, so they need less fertilizer — a structural cost advantage that makes them the more attractive rotation choice in high-input-cost years [20]. Processors earn differently: on throughput, quality-recovery yield, inventory turns, plant utilization, and customer concentration. See 111130, Section 5.

6. Demand drivers

Same as the child: global food staples (the U.S. is generally a net pulse exporter — total pulse exports ~$1.13 billion in 2024, led by Mexico, Canada, the EU, and India) [18]; plant-based and clean-label protein, where pea-protein demand (North American market growing ~9% a year) is the biggest secular tailwind for yellow-pea acreage [17]; health and diet trends [19]; and government procurement for domestic nutrition programs and food aid [22]. Judgment unchanged: demand growth is supportive, but acreage response and carry-over stocks can overwhelm consumption growth for several seasons. Detail in 111130, Section 6.

7. Regulation

Lightly regulated at the farm gate, but shaped by federal farm policy — identical to the child. Dry peas, lentils, and chickpeas are Title I covered commodities (eligible for Price Loss Coverage, Agriculture Risk Coverage, and marketing loans), while dry edible beans are generally not covered and rely on crop insurance [20]. Federal crop insurance (USDA Risk Management Agency), USDA grade standards and market news (Agricultural Marketing Service), trade/phytosanitary rules, and downstream food-safety, pesticide, and organic regimes round out the picture; the U.S. also imposed steep antidumping and countervailing duties on certain Chinese pea protein in 2024 [21][22][23]. Full detail in 111130, Section 7.

8. Consolidation

At the farm level, fragmented and price-taking — thousands of independent growers, none with pricing power. Consolidation is downstream, among a handful of global merchants and processors (AGT, ADM, Bunge, Cargill, Columbia Grain) and a small set of pea-protein makers (Roquette, Puris, Emsland), whose deals — ADM/Prairie Pulse (2023), Bunge/Viterra (2025), Kelley Bean's acquisitions — concentrate buying power back onto the farm gate [9][10][14][17]. International competition from Canada (dominant pulse exporter) and India (large producer and swing tariff-setter) largely sets the price floor and ceiling. See 111130, Section 8.

9. Risks

The child's risk list carries over intact: price cyclicality in thin markets (ERS reported 2025–26 prices down ~18% for dry beans and ~16% for dry peas) [19][24]; trade and tariff shocks given heavy export reliance [25]; food-aid and government-purchase cuts [24][25]; input-cost and financing inflation [24]; weather, water, and climate; concentrated buyers; quality and food-safety failures; substitution / fad risk in plant protein; and the public-market mismatch — the listed proxies carry only modest pulse exposure, so their shares are poor short-term reads on farm economics. Full list in 111130, Section 9.

10. How to invest and the outlook

Unchanged from the child, because the level is the child. Public routes are indirect: AGT (TSX: AGTF) is the closest listed vehicle but is a processor, not a U.S. grower; ADM, Bunge, and Ingredion trade on global grain/oilseed and ingredient margins, not bean prices; no futures contract or fund tracks dry beans or lentils specifically. Private routes hold most real ownership: farmland in the pulse belt (North Dakota, Montana, Michigan, Idaho, Washington), direct or partnership farm operation, elevators and processing plants, grower-contract financing and cooperatives, and — the highest-growth adjacency — the pea-protein and pulse-ingredient supply chain [17].

Bottom line: NAICS 11113 is a single-child pass-through — it is Dry Pea and Bean Farming, no more and no less than 111130. It is a small, cyclical, export-sensitive slice of U.S. agriculture with soft near-term farm economics and a longer-horizon story resting on pulse consumption, exports, rotation value, and ingredient demand. There is still no clean U.S. public-equity entry point to the crop itself; the durable thesis is the value-added pulse and pea-protein chain, accessed mainly through private ownership, farmland, and processing. For the complete analysis, see NAICS 111130.

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Sources

This rollup synthesizes the child primer (NAICS 111130); numbering follows that primer.

1. U.S. Census Bureau, "2022 NAICS — 111130 Dry Pea and Bean Farming" (definition and cross-references). https://www.census.gov/naics/?details=111130&year=2022
2. Agricultural Marketing Resource Center (AgMRC), "Dry Edible Bean Profile," 2025. https://www.agmrc.org/commodities-products/grains-oilseeds/dry-edible-bean-profile
3. U.S. Dry Bean Council, "Production Facts." https://usdrybeans.com/industry/production-facts/
4. USDA National Agricultural Statistics Service (NASS), "Crop Production 2025 Summary," Jan. 2026. https://www.nass.usda.gov/Publications/Todays_Reports/reports/cropan26.pdf
5. USDA NASS, "Crop Values 2025 Summary," Feb. 2026. https://www.nass.usda.gov/Publications/Todays_Reports/reports/cpvl0226.pdf
6. USDA NASS, "Prospective Plantings," Mar. 2026. https://www.nass.usda.gov/Publications/Todays_Reports/reports/pspl0326.pdf
7. USDA NASS, "2022 Census of Agriculture." https://www.nass.usda.gov/AgCensus/
8. U.S. Small Business Administration, "Table of Size Standards" — NAICS 111130 receipts standard of $2.75 million, 2023 (Histometrics ingested federal statistic; and CBP employer-coverage caveat). https://www.sba.gov/document/support-table-size-standards
9. World Grain, "Pulses showing global strength," 2024. https://www.world-grain.com/articles/21027-pulses-showing-global-strength
10. Archer-Daniels-Midland, "ADM Eager to Partner With Farmers, Customers After Acquisition of Prairie Pulse," July 2023. https://www.adm.com/en-us/news/news-releases/2023/7/adm-eager-to-partner-with-farmers-customers-after--acquisition-of-prairie-pulse/
11. AGT Food and Ingredients Inc., "Completes Initial Public Offering and Concurrent Fairfax Private Placement" (TSX: AGTF re-listing, ~$625M gross, closed ~Mar. 9, 2026). https://www.newswire.ca/news-releases/agt-food-and-ingredients-inc-completes-initial-public-offering-and-concurrent-fairfax-private-placement-for-total-gross-proceeds-to-agt-of-625-million-833828076.html
12. Ingredion, "Pulse Flours." https://www.ingredion.com/na/en-us/ingredients/ingredient-product-families/homecraft-pulse-flours
13. Beyond Meat, "2025 Form 10-K" (pea-protein suppliers, including Roquette), 2026. https://www.sec.gov/Archives/edgar/data/1655210/000165521026000022/bynd-20251231.htm
14. Kelley Bean Company, "About Kelley Bean." https://www.kelleybean.com/about/
15. Columbia Grain International, "Processing" (Marubeni-owned). https://columbiagrain.com/processing/
16. CHS Inc., "Dry Edible Beans." https://www.chsinc.com/products-and-services/agriculture/grains/dry-edible-beans
17. Market.us / Straits Research, "Yellow Pea / Pea Protein Market" (North America ~9% CAGR; Roquette, Puris, Emsland capacity), 2024–2025. https://www.news.market.us/yellow-pea-protein-market-news/
18. USDA Foreign Agricultural Service (FAS), "U.S. Pulses Exports 2024." https://www.fas.usda.gov/data/commodities/pulse-crops
19. USDA Economic Research Service (ERS), "Vegetables and Pulses Outlook," 2026. https://www.ers.usda.gov/publications/vegetables-and-pulses-outlook
20. USDA Farm Service Agency (FSA), "Pulse Crops Program" and ARC/PLC overview. https://www.fsa.usda.gov/resources/programs/pulse-crops-program
21. USDA Risk Management Agency (RMA), "Dry Bean and Dry Pea Revenue Endorsement Changes, 2026 and Succeeding Crop Years," 2025. https://www.rma.usda.gov/
22. USDA Agricultural Marketing Service (AMS), "Dry Edible Beans, Peas and Lentils" market news/grade standards and Section 32 purchases. https://www.ams.usda.gov/market-news/dry-edible-beans-peas-and-lentils
23. Federal Register, "Certain Pea Protein From the People's Republic of China: Antidumping and Countervailing Duty Orders," 2024. https://www.federalregister.gov/documents/2024/08/26/2024-19071/certain-pea-protein-from-the-peoples-republic-of-china-antidumping-and-countervailing-duty-orders
24. Agweek, "Average dry bean harvest runs into pricing problems due to tariffs, food aid shifts." https://www.agweek.com/crops/dry-edible-beans
25. Congressional Research Service (CRS), "Retaliatory Tariffs on U.S. Agriculture and USDA's Responses," 2025. https://www.congress.gov/crs-product/R48548