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Home › Industry Metrics › NAICS 11191

NAICS 11191 - Tobacco Farming

NAICS 11191 - TOBACCO FARMING
NAICS 11191 Tobacco Farming NAICS 11192 Cotton Farming NAICS 11193 Sugarcane Farming NAICS 11194 Hay Farming NAICS 11199 All Other Crop Farming
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This industry comprises establishments primarily engaged in growing tobacco.

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This industry comprises establishments primarily engaged in growing tobacco.

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NAICS 11 Agriculture, Forestry, Fishing and Hunting
NAICS 111 Crop Production
NAICS 1119 Other Crop Farming
NAICS 11191 Tobacco Farming
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Industry trends

In recent times, the tobacco farming industry, classified under NAICS 11191, has been undergoing significant qualitative changes. One prominent trend is the ongoing shift towards sustainable and organic farming practices. Farmers are increasingly adopting eco-friendly methods to reduce the environmental impact and cater to the growing consumer demand for organic products. This includes using fewer pesticides and more natural fertilizers, as well as implementing crop rotation and other soil health improvement techniques.

Another key trend is the diversification of crops. Due to the declining demand for traditional tobacco products, many farmers are exploring alternative crops such as hemp, which offers lucrative opportunities in the growing CBD market. This shift not only helps in risk mitigation but also in tapping into new revenue streams.

Technological advancements are also playing a crucial role in the industry. Precision agriculture technologies, including drones, satellite imaging, and IoT devices, are being utilized to maximize yield, monitor plant health, and optimize resource use. These technologies are enabling farmers to make data-driven decisions, leading to more efficient and productive farming operations.

Looking ahead, the industry is expected to see continued growth in the organic and sustainable farming segments. Regulatory pressures and changing consumer preferences are likely to drive further diversification and technological adoption. However, challenges such as fluctuating market prices and the ongoing socio-political debate over tobacco usage may pose potential risks. The shift towards non-tobacco crops could gain momentum, promoting a broader agricultural transformation in regions traditionally dependent on tobacco 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) 1%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 27%

Loan Failure Rate 18%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 97%

Total Companies in this Industry 20
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Explore related industries

  • NAICS 11191 Tobacco Farming
  • NAICS 111910 Tobacco farming, field and seed production
  • View all related industries

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