Tools commonly used in the Farm Equipment-Renting (Wholesale) industry for day-to-day tasks and operations.

• Tractors
• Plows
• Cultivators
• Seeders
• Spreaders
• Harvesters
• Balers
• Mowers
• Tillers
• Sprayers

Common products and services typical of NAICS Code 423820-06, illustrating the main business activities and contributions to the market.

• Tractor Rentals
• Plow Rentals
• Harvester Rentals
• Seeder Rentals
• Spreader Rentals
• Baler Rentals
• Mower Rentals
• Tiller Rentals
• Sprayer Rentals
• Cultivator Rentals

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

• Commercial Driver's License (CDL): A CDL is required for drivers of vehicles that weigh more than 26,000 pounds or carry hazardous materials. The Federal Motor Carrier Safety Administration (FMCSA) provides the certification.
• Pesticide Applicator License: A license is required for individuals who apply pesticides in agricultural settings. The Environmental Protection Agency (EPA) provides the certification.
• OSHA 10-Hour General Industry Certification: This certification provides training on workplace safety and health hazards. The Occupational Safety and Health Administration (OSHA) provides the certification.
• National Safety Council First Aid Certification: This certification provides training on first aid, CPR, and AED. The National Safety Council provides the certification.
• National Association Of Landscape Professionals (NALP) Landscape Industry Certified Technician: This certification provides training on landscape installation, maintenance, and irrigation. The National Association of Landscape Professionals provides the certification.

A concise historical narrative of NAICS Code 423820-06 covering global milestones and recent developments within the United States.

• The Farm Equipment-Renting (Wholesale) industry has a long history dating back to the early 20th century when farmers started renting equipment instead of buying it. This allowed farmers to access the latest technology without having to invest in expensive machinery. In the United States, the industry started to grow rapidly in the 1950s and 1960s as farmers began to specialize in specific crops and needed specialized equipment. The industry continued to grow in the 1970s and 1980s as farmers started to adopt new technologies such as GPS and precision agriculture. In recent years, the industry has continued to evolve with the introduction of new technologies such as drones and autonomous tractors. The Farm Equipment-Renting (Wholesale) industry in the United States has seen significant growth in recent years. According to a report by ResearchAndMarkets.com, the industry is expected to grow at a CAGR of 7.5% from 2020 to 2025. This growth is being driven by several factors, including the increasing demand for food due to population growth, the need for more efficient farming practices, and the adoption of new technologies. The industry is also benefiting from the trend towards sustainable agriculture, which is driving demand for equipment that can reduce the environmental impact of farming. Overall, the Farm Equipment-Renting (Wholesale) industry is poised for continued growth in the coming years.

The anticipated future trajectory of the NAICS 423820-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for the Farm Equipment-Renting (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for farm equipment rentals. The rising trend of precision agriculture, which requires specialized equipment, is also expected to drive the growth of the industry. Additionally, the increasing adoption of technology in the agriculture sector is expected to create new opportunities for the industry. However, the industry may face challenges due to the increasing competition from online rental platforms and the high cost of equipment maintenance and repair.

Recent groundbreaking advancements and milestones in the Farm Equipment-Renting (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Precision Agriculture Technology: The increasing adoption of precision agriculture technology has led to the development of specialized equipment for tasks such as planting, harvesting, and soil analysis.
• Autonomous Equipment: The development of autonomous equipment has made it possible to perform tasks such as planting and harvesting without human intervention, reducing labor costs and increasing efficiency.
• Telematics: The use of telematics in farm equipment has made it possible to track equipment usage, monitor performance, and optimize maintenance schedules.
• Rental Management Software: The development of rental management software has made it easier for rental companies to manage their inventory, track equipment usage, and streamline billing and invoicing.
• Online Rental Platforms: The rise of online rental platforms has made it easier for farmers to rent equipment, increasing the accessibility of rental equipment and driving the growth of the industry.