NAICS Code 111150-01 - Corn
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NAICS Code 111150-01 Description (8-Digit)
Hierarchy Navigation for NAICS Code 111150-01
Parent Code (less specific)
Tools
Tools commonly used in the Corn industry for day-to-day tasks and operations.
- Corn planter
- Combine harvester
- Grain dryer
- Grain cart
- Tractor
- Cultivator
- Sprayer
- Fertilizer spreader
- Irrigation system
- Grain bin
Industry Examples of Corn
Common products and services typical of NAICS Code 111150-01, illustrating the main business activities and contributions to the market.
- Corn syrup production
- Cornmeal production
- Ethanol production
- Livestock feed production
- Corn oil production
- Cornstarch production
- Popcorn production
- Tortilla production
- Corn chip production
- Canned corn production
Certifications, Compliance and Licenses for NAICS Code 111150-01 - Corn
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Non-GMO Project Verified: This certification ensures that the corn produced is not genetically modified. The Non-GMO Project provides this certification.
- USDA Organic: This certification ensures that the corn produced is grown without the use of synthetic fertilizers, pesticides, or genetically modified organisms. The United States Department of Agriculture provides this certification.
- Global GAP: This certification ensures that the corn produced meets certain safety and quality standards. The Global GAP organization provides this certification.
- Hazard Analysis and Critical Control Points (HACCP): This certification ensures that the corn produced is safe for consumption. The HACCP organization provides this certification.
- Good Agricultural Practices (GAP): This certification ensures that the corn produced is grown using safe and sustainable practices. The USDA provides this certification.
History
A concise historical narrative of NAICS Code 111150-01 covering global milestones and recent developments within the United States.
- The cultivation of corn dates back to ancient times, with evidence of its domestication found in Mexico over 9,000 years ago. Corn was a staple crop for many indigenous cultures in the Americas, and it played a significant role in the development of early civilizations. In the 15th century, corn was introduced to Europe by Christopher Columbus, and it quickly spread throughout the continent. In the United States, corn became a major crop in the 19th century, with the invention of the mechanical corn picker in the 1920s revolutionizing the industry. Today, corn is one of the most widely grown crops in the world, with the United States, China, and Brazil being the top producers. In recent history, the corn industry in the United States has seen significant growth due to the increased demand for corn-based products such as ethanol and high-fructose corn syrup. The use of corn for biofuels has become increasingly popular in the United States, with the Renewable Fuel Standard mandating the use of ethanol in gasoline. Additionally, the use of high-fructose corn syrup in processed foods has led to a surge in demand for corn. However, the industry has faced challenges such as droughts and low commodity prices, which have impacted the profitability of corn farmers. Despite these challenges, the corn industry remains a vital part of the United States' agricultural sector.
Future Outlook for Corn
The anticipated future trajectory of the NAICS 111150-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Corn industry in the USA is positive. The industry is expected to grow at a steady pace due to the increasing demand for corn-based products such as ethanol, corn syrup, and animal feed. The growing population and increasing disposable income are also expected to drive the demand for corn-based products. However, the industry may face challenges such as climate change, which can affect crop yields, and the increasing competition from other crops such as soybeans. Overall, the industry is expected to continue to grow and innovate to meet the changing demands of the market.
Industry Innovations for NAICS Code 111150-01
Recent groundbreaking advancements and milestones in the Corn industry, reflecting notable innovations that have reshaped its landscape.
- Biodegradable Corn-Based Plastics: Corn-based plastics are becoming increasingly popular as a sustainable alternative to traditional plastics. These plastics are biodegradable and can be used in a variety of applications such as packaging, disposable cutlery, and straws.
- Corn-Based Ethanol: Corn-based ethanol is a renewable fuel source that is becoming increasingly popular due to its lower carbon footprint compared to traditional gasoline. The industry is investing in new technologies to improve the efficiency of ethanol production and reduce its environmental impact.
- High-Yield Corn Varieties: The industry is investing in research and development to create high-yield corn varieties that can withstand climate change and produce more corn per acre. These new varieties can help increase the productivity of corn farms and meet the growing demand for corn-based products.
- Precision Agriculture: Precision agriculture is a new technology that uses sensors, drones, and other tools to optimize crop yields and reduce waste. The corn industry is adopting precision agriculture to improve the efficiency of farming and reduce its environmental impact.
- Corn-Based Food Products: The corn industry is innovating to create new food products made from corn such as corn chips, tortillas, and breakfast cereals. These new products are becoming increasingly popular due to their taste, convenience, and health benefits.
NAICS Code 111150-01 - Corn
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