This document discusses approaches for valuing the soil biota and its diversity. It argues that an economic valuation is needed to 1) give reality to the soil biota that society and decision makers will accept and 2) properly assess optimal agricultural management practices. It lays out a framework to link agricultural interventions to impacts on soil organism abundance, diversity, and processes, and the resulting agricultural and environmental benefits. This framework aims to establish rules of proof for valuing managing the soil biota as an economic option. It also discusses requirements for applying an economic value, like demonstrating and measuring benefits, and examples of valuing outcomes from direct or indirect management.