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NAICS 111160, industry

NAICS 111160: Rice farming

NAICS 111160 is the industry code for rice farming. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.

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What 111160 covers

Farms classified here grow rice, usually on flooded or irrigated fields. Most sell paddy rice to mills or dryers, and some grow seed rice.

Included in this code

  • Rice farming
  • Seed rice production
  • Wild rice farming
  • Paddy rice growing

Not this code

Businesses that use 111160

Rice farm in ArkansasCalifornia rice growerWild rice producer

Financing for this trade

Rice farms use seasonal operating lines, equipment loans for combines, grain carts and laser levelers, and farm real estate loans for irrigated ground. Lenders focus on water rights and irrigation costs, crop insurance and the farm's marketing contracts with mills.

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Is 111160 the right code for a rice farm?

Yes, if your business grows rice as its main crop. If your main activity is rice milling and polishing, use 311212 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 111160?

The SBA size standard for 111160 is $2.5 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 rice farmers use?

Rice farms use seasonal operating lines, equipment loans for combines, grain carts and laser levelers, and farm real estate loans for irrigated ground. Lenders focus on water rights and irrigation costs, crop insurance and the farm's marketing contracts with mills. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 111160 cover?

Rice farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 111 Crop production, 1111 Oilseed and grain farming, 11116 Rice farming.

What financing do NAICS 111160 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 111160?

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.