Oilseed and Grain Farming

Businesses and organizations in the Oilseed and Grain Farming industry (NAICS code 1111, part of the Agriculture, Forestry, Fishing and Hunting sector) received 236,228 PPP loans totaling $4.64B during the COVID-19 pandemic.

The average loan for this industry was $19,654 — below the national PPP average of approximately $67,000. This reflects the small business character of most participants in this industry, typically sole proprietors and micro-businesses with modest payroll obligations.

99.6% of loans in this industry were forgiven — totaling $4.64B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include VAN GRONINGEN & SONS, INC. of RIPON, CA ($3,612,213); FIRST COOPERATIVE ASSOCIATION of CHEROKEE, IA ($2,970,900); and STAHLBUSH ISLAND FARMS, INC. of CORVALLIS, OR ($2,945,000).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Agriculture, Forestry, Fishing and Hunting sector — farms, ranches, forests, and fishing operations. — businesses in NAICS 1111 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.