NAICS Code 423820-07 - Farm Equipment-Used (Wholesale)
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NAICS Code 423820-07 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423820-07
Parent Code (less specific)
Tools
Tools commonly used in the Farm Equipment-Used (Wholesale) industry for day-to-day tasks and operations.
- Tractors
- Plows
- Cultivators
- Harrows
- Seed drills
- Sprayers
- Balers
- Mowers
- Tillers
- Spreaders
Industry Examples of Farm Equipment-Used (Wholesale)
Common products and services typical of NAICS Code 423820-07, illustrating the main business activities and contributions to the market.
- Used tractors
- Second-hand plows
- Cultivators for sale
- Harrows for farming
- Used seed drills
- Sprayers for sale
- Second-hand balers
- Mowers for farming
- Tillers for sale
- Spreaders for farming
Certifications, Compliance and Licenses for NAICS Code 423820-07 - Farm Equipment-Used (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for workers who operate heavy machinery and equipment. It ensures that workers are trained in the safe operation of equipment and machinery. The certification is provided by OSHA, and
- Environmental Protection Agency (EPA) Certification: This certification is required for workers who handle refrigerants, such as those found in air conditioning and refrigeration equipment. It ensures that workers are trained in the safe handling and disposal of refrigerants. The certification is provided by the EPA, and
- Commercial Driver's License (CDL): This license is required for workers who operate commercial vehicles, such as trucks and buses. It ensures that drivers are trained in the safe operation of commercial vehicles. The license is provided by the Department of Transportation, and
- National Institute for Automotive Service Excellence (ASE) Certification: This certification is required for workers who repair and maintain vehicles and equipment. It ensures that workers are trained in the proper repair and maintenance of vehicles and equipment. The certification is provided by the National Institute for Automotive Service Excellence, and
- North American Equipment Dealers Association (NAEDA) Certification: This certification is required for workers who sell and service agricultural equipment. It ensures that workers are trained in the proper sales and service of agricultural equipment. The certification is provided by the North American Equipment Dealers Association, and
History
A concise historical narrative of NAICS Code 423820-07 covering global milestones and recent developments within the United States.
- The Farm Equipment-Used (Wholesale) industry has a long history dating back to the early 20th century when the first tractors were introduced. The industry has since grown to include a wide range of used farm equipment such as plows, cultivators, and harvesters. In the United States, the industry has seen significant growth in recent years due to the increasing demand for used farm equipment. This growth can be attributed to the high cost of new equipment and the need for farmers to replace aging equipment. The industry has also benefited from advancements in technology, which have made it easier to find and purchase used equipment online. Overall, the Farm Equipment-Used (Wholesale) industry has played a vital role in the agricultural sector by providing farmers with affordable and reliable equipment to help them increase their productivity and profitability.
Future Outlook for Farm Equipment-Used (Wholesale)
The anticipated future trajectory of the NAICS 423820-07 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 Farm Equipment-Used (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for used farm equipment. The rising cost of new farm equipment is driving farmers to purchase used equipment, which is more affordable. Additionally, the increasing adoption of precision agriculture techniques is driving the demand for used equipment that is compatible with these technologies. The industry is also expected to benefit from the growing trend of online sales, which is making it easier for wholesalers to reach a wider customer base. However, the industry may face challenges due to the increasing competition from online marketplaces and the rising popularity of equipment rental services.
Industry Innovations for NAICS Code 423820-07
Recent groundbreaking advancements and milestones in the Farm Equipment-Used (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Online Sales Platforms: The industry has seen the emergence of several online sales platforms that are making it easier for wholesalers to reach a wider customer base. These platforms are providing wholesalers with new opportunities to sell their products and are helping to drive the growth of the industry.
- Precision Agriculture Technologies: The increasing adoption of precision agriculture techniques is driving the demand for used equipment that is compatible with these technologies. This is creating new opportunities for wholesalers who specialize in used equipment that is compatible with precision agriculture technologies.
- Equipment Refurbishment Services: The industry has seen the emergence of several equipment refurbishment services that are helping to extend the life of used equipment. These services are making it easier for wholesalers to sell used equipment that is in good condition and is more affordable for farmers.
- Increased Focus on Sustainability: The industry is seeing an increased focus on sustainability, with many wholesalers offering used equipment that is more environmentally friendly. This is creating new opportunities for wholesalers who specialize in sustainable equipment.
- Growing Demand for Specialized Equipment: The industry is seeing a growing demand for specialized equipment, such as equipment for organic farming or equipment for small-scale farming operations. This is creating new opportunities for wholesalers who specialize in these types of equipment.
NAICS Code 423820-07 - Farm Equipment-Used (Wholesale)
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