Powered by LevrNAICS 111940: Hay farming
NAICS 111940 is the industry code for hay farming. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.
What 111940 covers
Farms classified here grow hay, alfalfa, clover and other grasses cut for forage. Some also sell grass seed or haylage.
Included in this code
- Alfalfa hay farming
- Grass hay farming
- Clover and timothy hay
- Hay baling on your own farm
- Forage sorghum for hay
Not this code
- Custom baling and hay cutting for others: see 115113 Crop harvesting, primarily by machine
- Farms raising cattle that grow hay mainly for their own herd: see 112111 Beef cattle ranching and farming
Businesses that use 111940
Financing for this trade
Hay farms use equipment loans for swathers, balers, rakes and bale wagons, operating lines for fuel and fertilizer, and farm real estate loans. Lenders look at buyer relationships with dairies and horse owners, storage and the farm's irrigation.
Apply for funding with AIIs 111940 the right code for a hay farm?
Yes, if your business grows and sells hay or alfalfa as its main product. The code for custom baling and hay cutting for others is 115113. Pick the code that matches the activity earning most of your revenue, and use that same code on your tax return, loan applications and SBA forms so lenders see one consistent picture.
What is the SBA size standard for 111940?
The SBA size standard for 111940 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 hay farmers use?
Hay farms use equipment loans for swathers, balers, rakes and bale wagons, operating lines for fuel and fertilizer, and farm real estate loans. Lenders look at buyer relationships with dairies and horse owners, storage and the farm's irrigation. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 111940 cover?
Hay farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 111 Crop production, 1119 Other crop farming, 11194 Hay farming.
What financing do NAICS 111940 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 111940?
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.