Use Data For:

  • Direct Mailing
  • Emailing
  • Calling
  • Research

Includes Free Sample & Industry Report

Total Companies

53

100% Phone-Verified, NCOA Processed, Accurate Data

NAICS Code 425120-61 Description (8-Digit)

Grain Brokers (Wholesale) are professionals who act as intermediaries between grain producers and buyers. They facilitate the buying and selling of grain commodities such as wheat, corn, barley, and oats. Grain brokers work with farmers, grain elevators, processors, and end-users such as food manufacturers, livestock producers, and exporters. They provide market information, negotiate prices, and arrange for the transportation and delivery of grain. Grain brokers must have a deep understanding of the grain market, including supply and demand factors, weather patterns, and government policies that affect the industry.

Hierarchy Navigation for NAICS Code 425120-61

Tools

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

  • Grain trading software
  • Market analysis tools
  • Weather forecasting tools
  • Transportation logistics software
  • Grain quality testing equipment
  • Grain moisture meters
  • Grain samplers
  • Grain probes
  • Grain baggers
  • Grain elevators

Industry Examples of Grain Brokers (Wholesale)

Common products and services typical of NAICS Code 425120-61, illustrating the main business activities and contributions to the market.

  • Wheat trading
  • Corn trading
  • Barley trading
  • Oats trading
  • Grain transportation
  • Grain storage
  • Grain processing
  • Livestock feed production
  • Food manufacturing
  • Exporting

Certifications, Compliance and Licenses for NAICS Code 425120-61 - Grain Brokers (Wholesale)

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

  • Grain Trade Operating Rules (GTOR): The Grain Trade Operating Rules (GTOR) is a set of rules and procedures that govern the trading of grain in the United States. The GTOR is administered by the National Grain and Feed Association (NGFA) and is designed to ensure fair and equitable trading practices in the grain industry. The GTOR covers a wide range of topics, including contract terms, delivery procedures, and dispute resolution.
  • Commodity Futures Trading Commission (CFTC) Registration: Grain brokers who trade futures contracts are required to register with the Commodity Futures Trading Commission (CFTC). The CFTC is a federal agency that regulates the futures and options markets in the United States. Registration with the CFTC requires passing an exam and meeting certain financial requirements.
  • Grain Grading and Inspection: Grain brokers who handle grain that is sold for human consumption must comply with the Grain Standards Act, which requires that all grain be inspected and graded by the Federal Grain Inspection Service (FGIS). The FGIS is a division of the United States Department of Agriculture (USDA) and is responsible for ensuring that all grain sold in the United States meets certain quality standards.
  • Hazard Analysis and Critical Control Points (HACCP): Grain brokers who handle grain that is sold for human consumption must also comply with the Hazard Analysis and Critical Control Points (HACCP) regulations. HACCP is a food safety management system that is designed to prevent the contamination of food products. The HACCP regulations are administered by the Food and Drug Administration (FDA) and require that all food processors, including grain brokers, have a written HACCP plan in place.
  • Transportation Worker Identification Credential (TWIC): Grain brokers who operate in ports or other maritime facilities may be required to obtain a Transportation Worker Identification Credential (TWIC). The TWIC is a security clearance that is issued by the Transportation Security Administration (TSA) and is required for all workers who need access to secure areas of ports and other maritime facilities.

History

A concise historical narrative of NAICS Code 425120-61 covering global milestones and recent developments within the United States.

  • The Grain Brokers (Wholesale) industry has a long history dating back to the early days of agriculture. In ancient times, grain brokers were responsible for buying and selling grain in local markets. As trade routes expanded, grain brokers became more important, and their role evolved to include transportation and storage of grain. In the United States, the industry began to take shape in the late 19th century, with the establishment of grain exchanges in Chicago and other major cities. These exchanges provided a centralized location for grain brokers to buy and sell grain, and helped to standardize pricing and quality. In recent years, the industry has been impacted by technological advancements, such as the use of electronic trading platforms and the development of new grain storage and transportation methods.

Future Outlook for Grain Brokers (Wholesale)

The anticipated future trajectory of the NAICS 425120-61 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Grain Brokers (Wholesale) industry in the USA is expected to experience steady growth in the coming years. The industry is expected to benefit from the increasing demand for grains and other agricultural products, both domestically and internationally. The industry is also expected to benefit from the growing trend towards organic and non-GMO products, which is driving demand for specialty grains. However, the industry may face challenges from increasing competition and changing consumer preferences. Overall, the industry is expected to remain an important part of the agricultural supply chain in the USA.

Industry Innovations for NAICS Code 425120-61

Recent groundbreaking advancements and milestones in the Grain Brokers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • The use of blockchain technology to improve supply chain transparency and traceability.
  • The development of new grain varieties that are more resistant to pests and diseases.
  • The use of precision agriculture techniques to improve crop yields and reduce waste.
  • The adoption of new packaging materials that are more sustainable and environmentally friendly.
  • The development of new software tools to help grain brokers manage their inventory and logistics more efficiently.

NAICS Code 425120-61 - Grain Brokers (Wholesale)

We now have complete information to process your request

Your dedicated data specialist is researching your target and will provide an industry report for your review shortly

What's Next?

1
Industry report based on your target will be sent to you by email (You're here)
2
Use this to review and refine your target
3
Free sample list will be provided to test drive the data
4
When ready for purchase, your complete list will be ready in minutes
Your data specialist

Your data specialist will assist you every step of the way

What Our Clients Say

I was able to supply NAICS/SIC codes to SICCODE.com, who provided a numerical total of their lists for each code. They provided also a sample list for me to judge the content and accuracy. Their Business Data Specialist sent then refined lists that allowed me to target my audience. They are professional and able to understand their products in great detail. I recommend them to anyone who wants to focus a targeted sales/marketing campaign.

SICCODE.com client

SICCODE.com client