NAICS code 111120: Oilseed (except Soybean) Farming
This industry comprises establishments primarily engaged in growing fibrous oilseed producing plants and/or producing oilseed seeds, such as sunflower, safflower, flax, rape, canola, and sesame.
- SBA small-business size limit
- $2.3M
Is your company small for 111120?
The SBA limit is $2.25 million average annual receipts.
What 111120 covers
Use another code for
- Growing soybeans: Industry 111110, Soybean Farming
- Growing oilseed(s) in combination with grain(s) with no one oilseed (or family of oilseeds) or grain(s) (or family of grains) accounting for one-half of the establishment's agricultural production (value of crops for market): Industry 111191, Oilseed and Grain Combination Farming
Activities listed under 111120
- Canola farming, field and seed production
- Flaxseed farming, field and seed production
- Mustard seed farming, field and seed production
- Oilseed farming (except soybean), field and seed production
- Rapeseed farming, field and seed production
- Safflower farming, field and seed production
- Sesame farming, field and seed production
- Sunflower farming, field and seed production
Questions
What is NAICS code 111120?
NAICS 111120 is “Oilseed (except Soybean) Farming”. This industry comprises establishments primarily engaged in growing fibrous oilseed producing plants and/or producing oilseed seeds, such as sunflower, safflower, flax, rape, canola, and sesame.
What businesses use NAICS code 111120?
Examples from the U.S. Census Bureau: Canola farming, field and seed production; Flaxseed farming, field and seed production; Mustard seed farming, field and seed production; Oilseed farming (except soybean), field and seed production; Rapeseed farming, field and seed production; and Safflower farming, field and seed production.
What is not included in NAICS 111120?
Businesses mainly growing soybeans are classified in Industry 111110, Soybean Farming; and growing oilseed(s) in combination with grain(s) with no one oilseed (or family of oilseeds) or grain(s) (or family of grains) accounting for one-half of the establishment's agricultural production (value of crops for market) are classified in U.S. Industry 111191, Oilseed and Grain Combination Farming.
What is the SBA size standard for NAICS 111120?
$2.25 million average annual receipts (average of the last five fiscal years), including affiliates. Source: 13 CFR 121.201, effective March 17, 2023.
What is the SIC code for NAICS 111120?
SIC 0119 (Cash Grains, NEC, part), from the U.S. Census Bureau concordances (1987 SIC → 2002 NAICS, carried to 2022 NAICS).
What is the IRS business code for NAICS 111120?
Farming income goes on Schedule F, not Schedule C, so the IRS list of Schedule C business codes has no code for it.
How do I find government contracts for NAICS 111120?
Federal agencies put a NAICS code on each solicitation in SAM.gov, and some states and cities use NAICS codes too. Add 111120 to your SAM.gov registration and to your bid alerts; PublicBeam emails new bids for the codes you choose every morning.
Source: U.S. Census Bureau, 2022 NAICS (public domain). PublicBeam is independent and not affiliated with the Census Bureau or any agency. Always check the NAICS code in the official notice before you bid.