NAICS Code 424510-02 - Grain-Dealers (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424510-02 Description (8-Digit)

Grain-Dealers (Wholesale) are companies that specialize in the wholesale distribution of grains and field beans to retailers, processors, and other businesses. These companies purchase large quantities of grains and field beans from farmers and other suppliers, and then sell them in smaller quantities to their customers. Grain-Dealers (Wholesale) play a crucial role in the food supply chain by ensuring that grains and field beans are available to businesses that need them.

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 424510 page

Tools

Tools commonly used in the Grain-Dealers (Wholesale) industry for day-to-day tasks and operations.

  • Grain moisture testers
  • Grain analyzers
  • Grain scales
  • Grain augers
  • Grain elevators
  • Grain dryers
  • Grain bins
  • Grain carts
  • Grain vacuums
  • Grain baggers

Industry Examples of Grain-Dealers (Wholesale)

Common products and services typical of NAICS Code 424510-02, illustrating the main business activities and contributions to the market.

  • Wheat flour
  • Cornmeal
  • Barley malt
  • Oatmeal
  • Rice flour
  • Soybean meal
  • Sunflower seeds
  • Peanuts
  • Lentils
  • Chickpeas

History

A concise historical narrative of NAICS Code 424510-02 covering global milestones and recent developments within the United States.

  • The "Grain-Dealers (Wholesale)" industry has a long and rich history worldwide. The first recorded grain trade dates back to ancient civilizations such as Egypt, where grain was used as a form of currency. In the Middle Ages, the Hanseatic League controlled the grain trade in Northern Europe, and in the 19th century, the development of railroads and steamships allowed for the expansion of the grain trade across the globe. In the United States, the industry saw significant growth in the late 1800s and early 1900s, with the establishment of large grain elevators and the development of the Chicago Board of Trade, which standardized grain prices and facilitated trading. In recent years, the industry has faced challenges such as climate change, which has affected crop yields, and the increasing popularity of alternative grains such as quinoa and millet. In the United States, the "Grain-Dealers (Wholesale)" industry has seen significant changes in recent history. The industry has become increasingly consolidated, with larger companies acquiring smaller ones and expanding their operations. The use of technology has also become more prevalent, with the development of precision agriculture techniques and the use of drones to monitor crops. The industry has also faced challenges such as the ongoing trade war with China, which has affected exports, and the COVID-19 pandemic, which has disrupted supply chains and caused price volatility. Despite these challenges, the industry has remained resilient and continues to play a vital role in the US economy.