Powered by LevrNAICS 111140: Wheat farming
NAICS 111140 is the industry code for wheat farming. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.
What 111140 covers
Farms classified here grow wheat as their main crop, whether winter, spring or durum varieties. The grain is sold for milling, feed or seed.
Included in this code
- Wheat farming
- Durum wheat farming
- Winter wheat production
- Spring wheat production
- Wheat seed growing
Not this code
- Growing wheat together with other grains or oilseeds with no single crop dominant: see 111191 Oilseed and grain combination farming
- Flour milling: see 311211 Flour milling
Businesses that use 111140
Financing for this trade
Crop farms lean on seasonal operating lines repaid at harvest, equipment loans for tractors, planters and combines, farm real estate loans and SBA 7(a) for land and buildings. Lenders look closely at yield history, crop insurance coverage, owned versus rented acres and how exposed the farm is to commodity prices.
Apply for funding with AIIs 111140 the right code for a wheat farm?
Yes, if your business grows wheat and it makes up most of your crop sales. If your main activity is growing wheat together with other grains or oilseeds with no single crop dominant, use 111191 instead. Pick the code that matches the activity earning most of your revenue, and use the same code on your tax return, loan applications and SBA forms.
What is the SBA size standard for 111140?
The SBA size standard for 111140 is $2.25 million in average annual receipts. A business at or under that figure, counting affiliates, is small for SBA loans such as 7(a) and 504 and for federal contracting set asides. Receipts are averaged over the five most recently completed fiscal years.
What financing do wheat farmers use?
Crop farms lean on seasonal operating lines repaid at harvest, equipment loans for tractors, planters and combines, farm real estate loans and SBA 7(a) for land and buildings. Lenders look closely at yield history, crop insurance coverage, owned versus rented acres and how exposed the farm is to commodity prices. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 111140 cover?
Wheat farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 111 Crop production, 1111 Oilseed and grain farming, 11114 Wheat farming.
What financing do NAICS 111140 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for agriculture businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 111140?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.