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Soybean Farming in Nova Scotia

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NS11111CA

Soybean Farming in Nova Scotia industry analysis

Revenue for the Soybean Farming industry in Nova Scotia is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to xx workers during the period, while industry wages have increased an annualized x.x% to $x.x thousand.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to stagnate x% to xx locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xx workers during the outlook period, while industry wages likely decrease -x% to $x.x thousand.

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About the Soybean Farming in Nova Scotia Market Research Report

What’s Included in the Soybean Farming in Nova Scotia Market Research Report

Definition of the Soybean Farming in Nova Scotia?

This industry grows soybeans. Soybeans are most often used in livestock feed and vegetable oils, although a growing proportion of the crop produced by this industry is being used in biofuel production.

What’s included in the Soybean Farming in Nova Scotia?

The Soybean Farming in Nova Scotia includes soybean farming and soybean seed production. Related terms covered in the Soybean Farming in Nova Scotia industry report includes a fuel that is similar to diesel fuel and is usually derived from vegetable sources such as soybean oil, also called agrifuel or biodiesel. a fuel consisting of or derived from dead biological material, usually plants, a substance used to destroy unwanted plants and weeds, while leaving a desired crop relatively unharmed, the solid protein left over after the oil is removed from soybeans, a technique whereby specific changes are introduced into a plant's or animal's dna by genetic engineering techniques. the most common modified foods include soybean, corn and canola and the number of soybeans produced per acre of land. for soybeans, this is measured in bushels per acre.

Industry Performance of the Soybean Farming industry in Nova Scotia

Benchmark the Soybean Farming in Nova Scotia industry performance with all NS Census Metropolitan Area and national performance.

Soybean Farming in Nova Scotia

#8 in Highest Revenue 0.2% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Soybean Farming in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Soybean Farming industry in Nova Scotia

See how key industry drivers, such as population, median houshold income, private investment in non-residential construction, world price of soybeans, gdp of mainland china and world price of crude oil are impacting Soybean Farming in Nova Scotia

Nova Scotia Economic Indicators

Population
Median Houshold Income
Private Investment in Non-Residential Construction

View more economic information in NS State Economic profile

Canada Key External Drivers

World price of soybeans
GDP of mainland China
World price of crude oil

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Soybean Farming industry in Nova Scotia

Access proprietary data on Census Metropolitan Area in the Soybean Farming in Nova Scotia, such as Halifax and Truro. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Soybean Farming industry in Nova Scotia

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Soybean Farming industry in Nova Scotia in 2025?

The market size of the Soybean Farming industry in Nova Scotia is $8.0m in 2025.

How many businesses are there in the Soybean Farming industry in Nova Scotia in 2025?

There are 11 businesses in the Soybean Farming industry in Nova Scotia, which has been growing at an average annual rate of 9.5% from 2020 to 2025.

Has the Soybean Farming industry in Nova Scotia grown or declined over the past 5 years?

The market size of the Soybean Farming industry in Nova Scotia has been growing at an average annual rate of 9.3% from 2020 to 2025.

How many employees in the Soybean Farming industry in Nova Scotia in 2025?

There are 11 employees in the Soybean Farming industry in Nova Scotia, which has been growing at an average annual rate of 6.6% from 2020 to 2025.