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NAICS 112420, industry

NAICS 112420: Goat farming

NAICS 112420 is the industry code for goat 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 112420 covers

Farms classified here raise goats for milk, meat or fiber such as mohair and cashmere.

Included in this code

  • Goat dairies
  • Meat goat farming
  • Mohair and cashmere goat raising

Not this code

Businesses that use 112420

Goat dairyBoer meat goat farmAngora goat ranch

Financing for this trade

Livestock operations use operating lines for feed and inputs, livestock loans secured by the herd or flock, equipment loans for trucks, trailers and handling gear, and farm real estate or SBA 7(a) loans for land and barns. Lenders look at herd health and buyers such as creameries.

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Is 112420 the right code for a goat farm?

Yes, if your business raises goats. The code for sheep farming is 112410. 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 112420?

The SBA size standard for 112420 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 goat farmers use?

Livestock operations use operating lines for feed and inputs, livestock loans secured by the herd or flock, equipment loans for trucks, trailers and handling gear, and farm real estate or SBA 7(a) loans for land and barns. Lenders look at herd health and buyers such as creameries. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 112420 cover?

Goat farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 112 Animal production and aquaculture, 1124 Sheep and goat farming, 11242 Goat farming.

What financing do NAICS 112420 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 112420?

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.