111140 - Wheat Farming
Wheat farming remains a cornerstone of agriculture in the United States, providing essential raw materials for food, animal feed, and various industrial uses. If you're involved in cultivating wheat or considering entering this industry, understanding NAICS code 111140 is crucial. This code specifically identifies businesses engaged in wheat farming, offering insights into sector classification, business types, and size standards relevant for government contracting and industry analysis.
What is NAICS Code 111140?
NAICS Code 111140 is designated for Wheat Farming, which involves the cultivation of wheat for grain production. The wheat grown under this classification serves multiple purposes including direct human consumption, livestock feed, and various industrial applications such as biofuel and starch production.
Description:
Wheat Farming includes establishments primarily engaged in growing wheat and producing wheat seed. This industry forms an important segment within the larger agriculture sector, supporting food supply chains and economic activities related to crop production.
Sector: Agriculture, Forestry, Fishing and Hunting
NAICS 111140 falls under the broad Agriculture, Forestry, Fishing and Hunting sector, which encompasses industries involved in growing crops, raising animals, harvesting timber, and fishing.
Typical Business Activities Under NAICS 111140:
- Commercial wheat farms focused on large-scale grain production
- Organic wheat producers emphasizing sustainable farming practices
- Wheat seed production farms specializing in the cultivation and sale of wheat seeds for replanting
These businesses contribute to both domestic and international markets and play a vital role in agricultural ecosystems.
SBA Size Standard for Wheat Farming
To qualify as a small business under the U.S. Small Business Administration (SBA) for NAICS 111140, the size standard is based on annual receipts, capped at $2.25 million dollars. Meeting this size standard is essential for businesses seeking government contracts or assistance programs targeted at small farms and agricultural enterprises.
Code Details at a Glance
| NAICS Code | Title | Sector | Description | Size Standard | Typical Business Examples |
|---|---|---|---|---|---|
| 111140 | Wheat Farming | Agriculture, Forestry, Fishing and Hunting | Growing wheat for grain, seed, and related uses | $2.25 million (annual receipts) | Commercial wheat farms, organic wheat producers, wheat seed production |
Why Understanding NAICS Code 111140 Matters
- Government Contracting: Federal, state, and local agencies often use NAICS codes to classify businesses and determine eligibility for agricultural contracts or grants.
- Industry Analysis: Market researchers and investors rely on NAICS codes to analyze sector trends and opportunities.
- Business Compliance: Accurate classification ensures compliance with reporting, licensing, and regulatory requirements.
FAQs About NAICS 111140 - Wheat Farming
Q1: What products are covered under Wheat Farming NAICS 111140?
A: This code covers the cultivation of wheat grain used primarily for food products, animal feed, and industrial purposes like biofuels and starch production.
Q2: Can organic wheat producers classify under this NAICS code?
A: Yes, organic wheat farms engaged primarily in wheat cultivation fall under NAICS code 111140.
Q3: What is the SBA size standard for small wheat farming businesses?
A: The standard is $2.25 million in average annual receipts.
Q4: Does NAICS 111140 include wheat seed production?
A: Yes, wheat seed production farms are included under this classification.
Q5: Are livestock feed producers covered under this code?
A: Only if they primarily grow wheat used as animal feed. Businesses focused solely on producing animal feed without growing wheat fall under different NAICS codes.
By understanding NAICS code 111140 - Wheat Farming, farmers, agribusiness owners, and industry stakeholders can better position themselves for growth, compliance, and accessing supportive government programs. Whether you operate a commercial wheat farm or specialize in organic wheat seed production, this classification is key to navigating the agricultural sector landscape.
