Powered by LevrNAICS 111992: Peanut farming
NAICS 111992 is the industry code for peanut farming. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.
What 111992 covers
Farms classified here grow peanuts, selling to shellers or buying points. Peanut shelling and roasting are separate activities.
Included in this code
- Peanut farming
- Runner peanut growing
- Virginia peanut growing
- Seed peanut production
Not this code
- Peanut shelling for others: see 115114 Postharvest crop activities (except cotton ginning)
- Peanut butter and roasted peanut manufacturing: see 311911 Roasted nuts and peanut butter manufacturing
Businesses that use 111992
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 111992 the right code for a peanut farm?
Yes, if your business grows peanuts as its main crop. The code for peanut shelling for others is 115114. 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 111992?
The SBA size standard for 111992 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 peanut 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 111992 cover?
Peanut farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 111 Crop production, 1119 Other crop farming, 11199 All other crop farming.
What financing do NAICS 111992 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 111992?
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.