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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.

Hierarchy Navigation for NAICS Code 115116-04

Parent Code (less specific)

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

Certifications, Compliance and Licenses for NAICS Code 115116-04 - Farm Management Service

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Certified Crop Advisor (CCA): A certification that demonstrates expertise in crop management, soil and water management, nutrient management, pest management, and crop scouting. Offered by the American Society of Agronomy.
  • Certified Professional Agronomist (Cpag): A certification that demonstrates expertise in soil science, crop production, and environmental management. Offered by the American Society of Agronomy.
  • Certified Rangeland Manager (CRM): A certification that demonstrates expertise in the management of rangelands, including grazing management, plant identification, and wildlife management. Offered by the Society for Range Management.
  • Certified Wildlife Biologist (CWB): A certification that demonstrates expertise in wildlife biology, including habitat management, population dynamics, and conservation. Offered by The Wildlife Society.
  • Certified Professional Soil Scientist (CPSS): A certification that demonstrates expertise in soil science, including soil classification, soil fertility, and soil conservation. Offered by the Soil Science Society of America.

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.

Future Outlook for Farm Management Service

The anticipated future trajectory of the NAICS 115116-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The Farm Management Service industry is expected to grow in the coming years due to the increasing demand for agricultural products and the need for efficient farm management. The industry is expected to benefit from the adoption of new technologies such as precision agriculture, which involves the use of sensors, GPS, and other technologies to optimize crop yields and reduce costs. Additionally, the industry is expected to benefit from the growing trend of sustainable agriculture, which emphasizes the use of environmentally friendly practices. However, the industry may face challenges such as the increasing competition from large-scale farming operations and the shortage of skilled labor in the agricultural sector.

Industry Innovations for NAICS Code 115116-04

Recent groundbreaking advancements and milestones in the Farm Management Service industry, reflecting notable innovations that have reshaped its landscape.

  • Farmlogs: A software platform that helps farmers manage their operations by providing real-time data on crop yields, weather conditions, and other factors that affect farm productivity.
  • Agdna: A cloud-based platform that helps farmers optimize their operations by providing insights into crop yields, soil health, and other factors that affect farm productivity.
  • Cropx: A soil sensing technology that helps farmers optimize their irrigation and fertilization practices by providing real-time data on soil moisture and nutrient levels.
  • Farmwave: An AI-powered platform that helps farmers identify crop diseases and pests by analyzing images of plants and soil.
  • Taranis: A precision agriculture platform that uses drones and other technologies to provide farmers with real-time data on crop health, soil moisture, and other factors that affect farm productivity.

NAICS Code 115116-04 - Farm Management Service

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