112420 - Goat Farming
Introduction
If you're exploring opportunities in agricultural industries, understanding NAICS code 112420 is essential. This code specifically covers Goat Farming, a growing sector dedicated to raising and breeding goats for their valuable products like meat, milk, fiber, and more. Whether you're involved in commercial dairy goat operations or fiber goat farming, this NAICS classification defines the parameters of your business activities and helps with government contracting, funding, and reporting.
What is NAICS Code 112420?
NAICS code 112420 pertains to the Goat Farming industry. This includes farms and operations primarily focused on raising goats for commercial purposes such as:
- Meat production
- Dairy (milk and cheese)
- Fiber harvesting (mohair, cashmere)
- Breeding and herd management
The classification covers all goat-related farming activities that generate products intended for consumer consumption or industrial use.
Sector: Agriculture, Forestry, Fishing and Hunting
Goat farming is part of the larger Agriculture, Forestry, Fishing and Hunting sector (NAICS codes 11xxx). Specifically, it falls under the livestock farming category, focusing on:
- Sustainable animal husbandry
- Specialized dairy farming operations
- Fiber production enterprises
This sector is a cornerstone of rural economies and food production systems, making NAICS 112420 critical for agricultural statistics and compliance.
Code Details for NAICS 112420
| Code | Description | Examples |
|---|---|---|
| 112420 | Goat Farming | - Dairy goat farming (milk, cheese production) |
| - Meat goat farming (raising goats for meat) | ||
| - Mohair farming (fiber production from Angora) | ||
| - Milking dairy goats | ||
| - Angora goat farming |
Typical Business Types Under NAICS 112420
Businesses that fall under this NAICS code tend to include:
- Dairy Goat Farms: Producing goat milk, cheese, and other dairy products.
- Meat Goat Farms: Raising goats specifically for meat production (chevon or goat meat).
- Fiber Goat Farms: Breeding and harvesting fibers such as mohair (from Angora goats) and cashmere.
- Integrated Farms: Combining meat, milk, and fiber production for diversified income.
These businesses can vary from small family-run operations to larger commercial farms and cooperatives.
Size Standard for NAICS 112420
To qualify as a small business under NAICS 112420, the size standard is an average annual revenue of up to:
- $2.5 million dollars
This size standard is essential for eligibility in small business programs, including government contracting and grants.
Q1: What products are included under goat farming according to NAICS 112420?
A1: Products include goat meat, goat milk, cheese, mohair, cashmere, and other fiber-related products.
Q2: Can mixed farming operations be classified under NAICS 112420?
A2: Yes, if the primary business activity involves raising goats commercially for meat, milk, or fiber products.
Q3: What is the significance of the $2.5 million size standard?
A3: It determines eligibility for small business certifications, government contracts, and other assistance programs.
Q4: Do all goat farming operations fall under NAICS 112420?
A4: Generally yes, but operations focusing on other livestock without a majority of goat-related activity may fall under different classifications.
Q5: How does NAICS 112420 help businesses?
A5: It helps businesses classify their industry for tax, reporting, funding, and compliance purposes, especially when pursuing federal contracts or grants.
Conclusion
Understanding NAICS code 112420 - Goat Farming is vital for businesses engaged in commercial goat raising. This code covers a diverse range of activities from dairy production to fiber harvesting within the agriculture sector. Whether you run a small dairy goat farm or a large meat goat operation, knowing your NAICS classification and size standards ensures you maximize opportunities for growth, funding, and compliance in this thriving industry.
Leverage this knowledge to optimize your business profile, participate in government programs, and connect with the wider agricultural market!
Keywords: NAICS code 112420, goat farming, dairy goat farms, meat goat farms, mohair farming, fiber goat farms, agriculture sector, goat milk production, goat meat production, small business size standard
