Major Group SIC 0111 - Wheat| iCFO

SIC 0111 - Wheat

SIC 01 - Agricultural Production Crops
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 011 - Cash Grains
  SIC 011 - Cash Grains SIC 013 - Field Crops, Except Cash Grains SIC 016 - Vegetables And Melons SIC 017 - Fruits And Tree Nuts SIC 018 - Horticultural Specialties SIC 019 - General Farms, Primarily Crop
  - SIC 0111 - Wheat
    SIC 0111 - Wheat SIC 0112 - Rice SIC 0115 - Corn SIC 0116 - Soybeans SIC 0119 - CashGrains,NotElsewhereClassified

Establishments primarily engaged in the production of wheat.

Industry trends:

The wheat farming industry, categorized under NAICS 0111, is experiencing notable qualitative trends. One significant trend is the increasing adoption of precision agriculture technologies. Farmers are integrating advanced tech solutions such as GPS-guided equipment, drones, and AI-driven software to enhance crop yields and optimize resource use. This shift towards smart farming is expected to continue as technology becomes more accessible and affordable.

Another trend is the growing emphasis on sustainable farming practices. Consumers and industry stakeholders are increasingly prioritizing environmentally friendly methods, including crop rotation, reduced pesticide use, and regenerative agriculture. These practices not only enhance soil health but also meet the rising demand for sustainably produced food.

There is also a noticeable movement towards diversification in crop production. Farmers are exploring new wheat varieties that are resistant to climate change impacts, such as drought and extreme temperatures. This diversification aims to ensure crop resilience and stable production amidst evolving environmental challenges.

Looking forward, the wheat industry is expected to face fluctuating market dynamics due to geopolitical factors and trade policies. However, the continuous improvement in agricultural technologies and sustainable practices will likely drive productivity growth. Additionally, the increasing demand for organic and non-GMO wheat products is forecasted to open new market opportunities for farmers willing to adapt to these consumer preferences.

This industry is comprised of:

Wheat farms

Explore related industries:

SIC 0253 - Turkeys And Turkey Eggs SIC 0724 - Cotton Ginning SIC 2083 - Malt

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