NAICS Code 115116-04 - Farm Management Service

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 115116 - Farm Management Services - 1,581 companies, 3,606 emails.

NAICS Code 115116-04 Description (8-Digit)

Farm Management Service is a specialized industry that provides professional advice and assistance to farmers and ranchers in managing their agricultural businesses. This industry involves a range of services that help farmers optimize their operations, increase productivity, and maximize profits. Farm management service providers work closely with farmers to develop and implement strategies that improve crop yields, reduce costs, and enhance the overall efficiency of their operations. They also provide guidance on financial management, risk assessment, and compliance with government regulations.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 115116 page

Tools

Tools commonly used in the Farm Management Service industry for day-to-day tasks and operations.

  • Crop management software
  • Soil testing equipment
  • GPS mapping tools
  • Livestock management software
  • Weather monitoring tools
  • Financial management software
  • Pest and disease monitoring tools
  • Irrigation management software
  • Harvesting equipment
  • Tractors and other farm machinery

Industry Examples of Farm Management Service

Common products and services typical of NAICS Code 115116-04, illustrating the main business activities and contributions to the market.

  • Crop rotation planning
  • Livestock breeding and selection
  • Soil fertility management
  • Irrigation system design
  • Pest and disease control
  • Financial planning and analysis
  • Risk management and insurance
  • Compliance with environmental regulations
  • Marketing and sales strategy development
  • Farm equipment maintenance and repair

History

A concise historical narrative of NAICS Code 115116-04 covering global milestones and recent developments within the United States.

  • The Farm Management Service industry has a long history dating back to the early 20th century when the first farm management companies were established in the United States. These companies provided services such as accounting, financial management, and crop consulting to farmers. In the 1950s, the industry experienced significant growth due to the increasing complexity of farming operations and the need for specialized expertise. The industry continued to evolve in the following decades, with the introduction of new technologies such as precision agriculture and the increasing importance of sustainability practices. In recent years, the industry has seen a rise in demand for services related to data analytics and farm automation, as well as an increasing focus on environmental stewardship and conservation. In the United States, the Farm Management Service industry has experienced steady growth in recent years, driven by factors such as increasing demand for agricultural products, rising land prices, and the need for specialized expertise in areas such as risk management and financial planning. The industry has also benefited from the increasing adoption of new technologies such as precision agriculture and the growing importance of sustainability practices. Despite challenges such as changing weather patterns and trade uncertainties, the industry is expected to continue to grow in the coming years, driven by the increasing need for efficient and sustainable farming practices.