Skip to content
iCFO
  • Products
  • How it works
  • AI Insights
  • About us
    • Support
    • One on One
    • Sample reports
    • FAQ
    • Industry Search
  • Pricing
  • Blog
Sign In Start Free Trial Sign Up for Free
Home › Industry Metrics › NAICS 1112

NAICS 1112 - Vegetable and Melon Farming

NAICS 1112 - VEGETABLE AND MELON 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
Buy the detailed report

This industry group comprises establishments primarily engaged in growing root and tuber crops (except sugar beets and peanuts) or edible plants and/or producing root and tuber or edible plant seeds. The crops included in this group have an annual growth cycle and are grown in open fields. Climate and cultural practices limit producing areas but often permit the growing of a combination of crops in a year.

View full description › Collapse full description ›

This industry group comprises establishments primarily engaged in growing root and tuber crops (except sugar beets and peanuts) or edible plants and/or producing root and tuber or edible plant seeds.

The crops included in this group have an annual growth cycle and are grown in open fields. Climate and cultural practices limit producing areas but often permit the growing of a combination of crops in a year.

Explore the industry hierarchy

Drill down to explore more specific industries.

NAICS 11 Agriculture, Forestry, Fishing and Hunting
NAICS 111 Crop Production
NAICS 1112 Vegetable and Melon Farming
NAICS 11121 Vegetable and Melon Farming
NAICS 111211 Potato Farming
View full hierarchy

Industry trends

NAICS 1112, which encompasses Vegetable and Melon Farming, has been experiencing some notable qualitative trends that are shaping its future. One significant trend is the increasing consumer demand for organic and locally sourced produce. Consumers are becoming more health-conscious and environmentally aware, driving farmers to adopt organic farming practices and utilize local distribution channels. This trend is complemented by the rising popularity of Community Supported Agriculture (CSA) programs, where consumers buy shares of a farm's harvest in advance, thus giving farmers upfront financial support and a guaranteed market for their produce.

Technological advancements are also playing a crucial role in transforming this industry. Precision farming techniques, which include the use of drones, sensors, and data analytics, are allowing farmers to optimize crop yields and reduce waste. These technologies enable better monitoring of plant health, soil conditions, and weather patterns, resulting in more efficient and sustainable farming practices.

Looking ahead, climate change remains a critical challenge. Extreme weather events and shifting growing seasons are prompting farmers to invest in resilient crop varieties and greenhouse technologies to stabilize production. There is also a growing emphasis on water conservation practices as irrigation resources become more strained.

In the near future, the industry is likely to see continued growth in urban farming initiatives and vertical farming, which can provide fresh produce to urban centers with reduced transportation costs and improved sustainability. These trends combined suggest a future where innovation, sustainability, and consumer preferences will increasingly drive the success of vegetable and melon farming.

  • Investment in renewable energy and grid modernization continues to accelerate.
  • Regulatory changes and sustainability initiatives are shaping long-term growth.
  • Operational efficiency and technology adoption are key focus areas.

Industry Comparison

How this industry compares to all industries.

Return on Investment (ROI) 2%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 49%

Loan Failure Rate 20%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 98%

Total Companies in this Industry 478
View full snapshot

Explore related industries

  • NAICS 1112 Vegetable and Melon Farming
  • NAICS 11121 Vegetable and Melon Farming
  • View all related industries

Get the Full Industry Report

In-depth analysis, 50+ financial ratios, 4-year trends, and industry forecasts.

View interactive report sample Buy the detailed report
iCFO

Private-company financial intelligence for better decisions.

Products

  • How it works
  • AI Insights
  • Pricing

Company

  • About us
  • Blog
  • Contacts

Get in touch

  • 7441 Sawmill Rd, Suite 5 Madison, WI 53717
  • (833) 677-1185
  • info@icfo.pro

© Copyright FINTEL, LLC

Privacy Policy Terms of Use