NAICS Code 541690-43 - Farm Management Systems

Marketing Level - NAICS 8-Digit

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NAICS CODE 541690-43
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NAICS Code 541690-43 Description (8-Digit)

Farm Management Systems is a subdivision of the NAICS Code 541690, which falls under the category of Other Scientific and Technical Consulting Services. This industry involves providing consulting services to farmers and agricultural businesses to help them manage their farms more efficiently. Farm Management Systems consultants use their expertise to analyze data and provide recommendations to farmers on how to improve their operations. They may also provide training and support to help farmers implement new technologies and practices.

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 541690 page

Tools

Tools commonly used in the Farm Management Systems industry for day-to-day tasks and operations.

  • Precision agriculture technology
  • Farm accounting software
  • Crop management software
  • Livestock management software
  • Weather monitoring tools
  • Soil testing equipment
  • GPS mapping tools
  • Irrigation management software
  • Pest management software
  • Harvest tracking software

Industry Examples of Farm Management Systems

Common products and services typical of NAICS Code 541690-43, illustrating the main business activities and contributions to the market.

  • Crop rotation planning
  • Livestock feed management
  • Soil nutrient management
  • Irrigation system optimization
  • Pest control strategies
  • Harvest yield forecasting
  • Farm equipment maintenance
  • Financial planning and budgeting
  • Labor management
  • Marketing and sales strategy development

History

A concise historical narrative of NAICS Code 541690-43 covering global milestones and recent developments within the United States.

  • The Farm Management Systems industry has a long history of technological advancements. In the early 1980s, the first farm management software was developed, which allowed farmers to track their expenses and income. In the 1990s, GPS technology was introduced, which revolutionized precision agriculture. This technology allowed farmers to map their fields and apply inputs more accurately, leading to increased yields and reduced costs. In recent years, the industry has seen the development of new technologies such as drones, sensors, and machine learning algorithms. These technologies are being used to collect data on crops and soil, which can be used to optimize inputs and improve yields. In the United States, the Farm Management Systems industry has seen significant growth in recent years. According to a report by MarketsandMarkets, the global precision farming market is expected to grow from $5.09 billion in 2015 to $9.53 billion by 2022. This growth is being driven by factors such as the increasing demand for food due to population growth, the need to improve crop yields, and the increasing adoption of precision agriculture technologies. In the US, the industry is being supported by government initiatives such as the Precision Agriculture Data Task Force, which was established in 2018 to promote the use of precision agriculture technologies. Overall, the Farm Management Systems industry is poised for continued growth in the coming years.