Powered by LevrNAICS 111211: Potato farming
NAICS 111211 is the industry code for potato farming. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.
What 111211 covers
Farms classified here grow potatoes, including seed potatoes, for the fresh market, processors or chip makers. Sweet potatoes and yams are not included.
Included in this code
- Potato farming
- Seed potato production
- Potatoes grown for chips and fries
- Fresh market potato growing
Not this code
- Sweet potato and yam farming: see 111219 Other vegetable (except potato) and melon farming
- Frozen french fry manufacturing: see 311411 Frozen fruit, juice, and vegetable manufacturing
Businesses that use 111211
Financing for this trade
Potato farms use seasonal operating lines, equipment loans for planters, harvesters and storage handling gear, and real estate loans for climate controlled storage cellars. Lenders look at processor contracts, storage capacity and crop insurance.
Apply for funding with AIIs 111211 the right code for a potato farm?
Yes, if your business grows potatoes as its main crop. If your main activity is sweet potato and yam farming, use 111219 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 111211?
The SBA size standard for 111211 is $4.25 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 potato farmers use?
Potato farms use seasonal operating lines, equipment loans for planters, harvesters and storage handling gear, and real estate loans for climate controlled storage cellars. Lenders look at processor contracts, storage capacity and crop insurance. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 111211 cover?
Potato farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 111 Crop production, 1112 Vegetable and melon farming, 11121 Vegetable and melon farming.
What financing do NAICS 111211 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 111211?
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.