NAICS Code 531311-09 - Ranch Sales

Marketing Level - NAICS 8-Digit

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NAICS CODE 531311-09
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NAICS Code 531311-09 Description (8-Digit)

Ranch Sales is a subdivision of the Residential Property Managers industry that involves the buying and selling of ranches, which are large plots of land used for raising livestock or for recreational purposes. Ranch Sales professionals work with clients to identify their needs and preferences, and then help them find and purchase a ranch that meets their requirements. They may also assist with the sale of existing ranches, including marketing the property, negotiating with potential buyers, and handling the legal and financial aspects of the transaction.

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 531311 page

Tools

Tools commonly used in the Ranch Sales industry for day-to-day tasks and operations.

  • GIS mapping software
  • Drone technology for aerial photography and videography
  • Livestock management software
  • Real estate listing websites
  • Financial analysis software for property valuation
  • Marketing and advertising tools for online and print media
  • Legal documentation software for contracts and agreements
  • Land surveying equipment
  • Soil testing kits
  • Livestock handling equipment

Industry Examples of Ranch Sales

Common products and services typical of NAICS Code 531311-09, illustrating the main business activities and contributions to the market.

  • Cattle ranches
  • Horse ranches
  • Hunting ranches
  • Fishing ranches
  • Recreational ranches
  • Guest ranches
  • Farm and ranch combinations
  • Vineyard and winery ranches
  • Equestrian ranches
  • Wildlife ranches

History

A concise historical narrative of NAICS Code 531311-09 covering global milestones and recent developments within the United States.

  • The "Ranch Sales" industry has a long and rich history worldwide. Ranches have been around for centuries, with the first recorded ranch established in Mexico in the 16th century. In the United States, the industry began to take shape in the 1800s, with the expansion of the cattle industry and the need for large tracts of land to support it. The Homestead Act of 1862 also played a significant role in the development of the industry, as it allowed settlers to claim up to 160 acres of land for free. In recent history, the industry has seen a shift towards more sustainable and environmentally friendly practices, with many ranches implementing conservation measures and alternative energy sources. In the United States, the "Ranch Sales" industry has experienced significant growth in recent years. According to the National Association of Realtors, sales of ranch properties increased by 15% in 2020, with many buyers seeking out rural properties as a result of the COVID-19 pandemic. The industry has also seen a shift towards more sustainable and eco-friendly practices, with many ranches implementing conservation measures and alternative energy sources. Overall, the industry is poised for continued growth in the coming years, as more people seek out the peace and tranquility of rural living.