NAICS Code 522299-12 - Loans-Agricultural

Marketing Level - NAICS 8-Digit

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NAICS Code 522299-12 Description (8-Digit)

Loans-Agricultural is a subdivision of the NAICS Code 522299 that involves providing credit intermediation services to farmers, ranchers, and other agricultural businesses. This industry provides loans for various agricultural purposes such as purchasing equipment, livestock, and seeds, as well as financing land purchases and operating expenses. Loans-Agricultural is an essential industry that supports the growth and sustainability of the agricultural sector.

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 522299 page

Tools

Tools commonly used in the Loans-Agricultural industry for day-to-day tasks and operations.

  • Farm management software
  • Crop insurance software
  • Livestock management software
  • Agricultural accounting software
  • Precision agriculture technology
  • Soil moisture sensors
  • Irrigation systems
  • Tractors and other farm equipment
  • Seed drills
  • Harvesters

Industry Examples of Loans-Agricultural

Common products and services typical of NAICS Code 522299-12, illustrating the main business activities and contributions to the market.

  • Crop financing
  • Livestock financing
  • Farm equipment financing
  • Agricultural land financing
  • Operating expense financing
  • Seed financing
  • Irrigation financing
  • Farm insurance
  • Agricultural credit unions
  • Agricultural finance companies

History

A concise historical narrative of NAICS Code 522299-12 covering global milestones and recent developments within the United States.

  • The agricultural industry has been a significant part of the global economy for centuries. The first agricultural loans were provided by the Roman Empire in 200 BC, and the concept of agricultural credit has been evolving ever since. In the United States, the Farm Credit System was established in 1916 to provide loans to farmers and ranchers. The system has since grown to become the largest agricultural lender in the country, with over $300 billion in assets. In recent years, the industry has seen advancements in technology, such as precision agriculture and the use of drones, which have helped farmers increase their yields and reduce costs.