Powered by LevrNAICS 111191: Oilseed and grain combination farming
NAICS 111191 is the industry code for oilseed and grain combination farming. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.
What 111191 covers
Farms classified here grow a mix of oilseeds and grains, such as corn, soybeans and wheat, where no single crop makes up half of production. It is the right home for a classic rotation farm.
Included in this code
- Corn and soybean rotation farms
- Mixed grain and oilseed operations
- Wheat, corn and soybean farms
- Diversified cash grain farms
Not this code
- Farms where soybeans alone are the main crop: see 111110 Soybean farming
- Farms where corn alone is the main crop: see 111150 Corn farming
Businesses that use 111191
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 111191 the right code for a combination oilseed and grain farm?
Yes, if your business grows a mix of grains and oilseeds and no one crop accounts for at least half of production. If your main activity is farms where soybeans alone are the main crop, use 111110 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 111191?
The SBA size standard for 111191 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 oilseed and grain 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 111191 cover?
Oilseed and grain combination farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 111 Crop production, 1111 Oilseed and grain farming, 11119 Other grain farming.
What financing do NAICS 111191 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 111191?
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.