1111 - Oilseed and Grain Farming
Agriculture remains a cornerstone of the U.S. economy, and understanding specific industry classifications can empower businesses, researchers, and government contractors alike. NAICS Code 1111, titled Oilseed and Grain Farming, highlights a vital sector within agriculture focusing on the production of oilseeds and grains. Whether you're exploring farming ventures or government contracting opportunities, this NAICS code plays a crucial role.
What is NAICS Code 1111?
NAICS Code 1111 encompasses establishments primarily engaged in growing oilseed crops and grains. These agricultural commodities include but are not limited to:
- Soybeans
- Corn
- Wheat
- Rice
The commodities produced serve multiple markets such as food production, animal feed, and various industrial applications.
Sector: Agriculture, Forestry, Fishing and Hunting
This NAICS code is nested within the broader Agriculture, Forestry, Fishing and Hunting sector, which highlights the entire ecosystem of natural resource-based production. Oilseed and grain farming represent a specialized segment focused on high-demand staple crops essential both domestically and globally.
Typical Business Activities Under NAICS 1111
Businesses classified under this NAICS code typically engage in:
- Soybean Farming: Cultivating soybeans primarily for oil extraction and protein-rich animal feed.
- Corn Farming: Growing corn used for food products, ethanol production, and livestock feed.
- Wheat Farming: Producing wheat for flour, cereals, and various food products.
Other oilseed crops may include sunflower, safflower, and canola, while grains can also overlap with rice production depending on regional practices.
NAICS 1111 Size Standards for Eligibility
For government contracting and SBA programs, understanding the size standards linked to NAICS 1111 is essential:
- Size Standard: Typically, the size standard for oilseed and grain farming is $1,000,000 average annual receipts.
- Businesses with average annual revenues at or below this threshold qualify as small businesses under this classification.
- Size standards can influence eligibility for small business set-asides, grants, and loans.
Examples of Businesses Under NAICS Code 1111
- Large Grain Farms: Operations with thousands of acres dedicated to corn and soybeans.
- Local Family-Owned Wheat Farms: Small to mid-sized farms growing wheat for local flour mills.
- Specialty Oilseed Growers: Farms cultivating niche oilseed crops like sunflower or flaxseed.
These businesses vary widely in scale but are united by their primary focus on oilseed and grain crop production.
FAQs About NAICS Code 1111 - Oilseed and Grain Farming
Q1: What crops qualify under NAICS code 1111?
A1: Primarily oilseed crops such as soybeans and other oilseeds, and grain crops like corn, wheat, and rice.
Q2: Can livestock farming operations have this NAICS code?
A2: No, NAICS 1111 focuses solely on crop farming. Livestock operations fall under different NAICS codes.
Q3: Why is NAICS code important for government contracting?
A3: It helps determine eligibility for contracts, set-asides, and defines industry classification for reporting purposes.
Q4: Are organic farms included within NAICS 1111?
A4: Yes, if they primarily grow oilseed or grain crops, organic or conventional methods both fall under this code.
Q5: How do I find my NAICS code?
A5: You can search the official NAICS Association website by your primary business activity to find codes relevant to your operations.
Understanding NAICS Code 1111 – Oilseed and Grain Farming equips businesses and professionals to better navigate agricultural markets and government contracting frameworks. From soybean fields to expansive corn farms, this classification captures a fundamental part of agriculture’s backbone. Stay informed to maximize growth and contracting potential in this dynamic sector.
