1124 - Sheep and Goat Farming
When it comes to understanding the agricultural sector, NAICS code 1124 plays a vital role. This classification represents the Sheep and Goat Farming industry, a niche yet essential part of farming that supports various agricultural products like wool, meat, and milk. Whether you are an aspiring farmer, a supplier, or interested in government contracting, knowing the specifics of NAICS 1124 can give you a competitive edge.
What is NAICS Code 1124 - Sheep and Goat Farming?
NAICS 1124 covers establishments primarily engaged in the raising of sheep and goats. These operations focus on various farming activities such as:
- Breeding
- Feeding
- Managing herds of sheep and goats
The products from these farms include wool, meat, milk, and other derivatives crucial for different industries, including textiles and food.
Sector Overview: Agriculture, Forestry, Fishing and Hunting
NAICS 1124 falls under the broader Agriculture, Forestry, Fishing and Hunting sector. This sector includes industries that cultivate plants, raise animals, harvest timber, and harvest fish and other animals.
Some typical business activities under this NAICS code include:
- Sheep ranching: Raising sheep primarily for meat and wool.
- Goat farming: Raising goats for meat, milk, and fiber.
- Wool production farms: Specialized farms focusing on producing wool for commercial markets.
These businesses support both local economies and larger supply chains, playing a significant role in sustainable agriculture.
Size Standards for Eligibility
For government contracting and SBA (Small Business Administration) purposes, the size standard for NAICS code 1124 is typically determined by:
- Annual receipts: Up to $1,000,000 (may vary depending on specific subcategories and updates)
Being classified as a small business under this size standard can open doors for contracts and funding opportunities specific to agriculture and farming.
Examples of Businesses Under NAICS 1124
- Smith Valley Sheep Ranch: Specializes in meat and wool production.
- Green Pastures Goat Farm: Known for goat milk and artisanal cheeses.
- Wild Hills Wool Producers: Focuses on high-quality wool for the textile industry.
- Mountain View Sheep Breeders: Provides breeding services and livestock management.
These businesses exemplify the typical diversity and scope within the sheep and goat farming industry.
NAICS Code 1124 Details Table
| Category | Details |
|---|---|
| NAICS Code | 1124 |
| Title | Sheep and Goat Farming |
| Description | Establishments primarily raising sheep and goats for wool, meat, milk, and other related products |
| Sector | Agriculture, Forestry, Fishing and Hunting |
| Typical Business Types | Sheep ranching, Goat farming, Wool production farms |
| Size Standard (SBA) | Up to $1,000,000 in annual receipts (subject to change) |
| Key Products | Wool, meat, milk, hides, and other by-products |
| Main Activities | Breeding, feeding, herd management |
Frequently Asked Questions (FAQs)
What products are generated under NAICS code 1124?
Primarily wool, meat, and milk derived from sheep and goats, as well as hides and fibers.
Can both sheep and goat operations fall under NAICS 1124?
Yes, this code covers establishments that raise either or both sheep and goats.
Is NAICS 1124 only focused on meat production?
No, it includes wool, milk, and other products alongside meat.
What is the size standard for sheep and goat farming businesses?
The SBA typically sets the size standard at $1,000,000 or less in annual receipts.
How does NAICS 1124 relate to government contracting?
Understanding this NAICS code helps businesses identify relevant opportunities and comply with size standards for federal contracts.
Conclusion
NAICS code 1124, Sheep and Goat Farming, is an important classification within the agricultural sector that supports numerous essential products and markets. From specialized sheep ranches to goat milk producers, operations categorized under this code contribute significantly to both local economies and broader agricultural supply chains. Whether you’re exploring business opportunities, applying for government contracts, or engaging with agricultural policies, understanding NAICS 1124 is key to success in sheep and goat farming.
For more information on this NAICS code and related resources, consider visiting the official NAICS website or the Small Business Administration portal.
