NAICS 92614 - Regulation of Agricultural Marketing and Commodities
This industry comprises government establishments primarily engaged in the planning, administration, and coordination of agricultural programs for production, marketing, and utilization, including educational and promotional activities. Included in this industry are government establishments responsible for regulating and controlling the grading and inspection of food, plants, animals, and other agricultural products.
Industry trends:
Recent qualitative trends in the "Regulation of Agricultural Marketing and Commodities" industry (NAICS 92614) have shown a growing emphasis on sustainability and transparency. Consumers are increasingly demanding more information about the source and production methods of their food, leading to stricter regulations and enhanced traceability in the supply chain. There is also a notable push towards digital transformation, with technologies such as blockchain and IoT being implemented to improve the accuracy and efficiency of regulatory compliance and data collection.
In the near future, we can expect continued advancements in these areas. The integration of AI and machine learning in regulatory processes will likely become more prevalent, offering predictive analytics to streamline compliance and reduce risks. Moreover, climate change considerations are expected to drive more robust environmental regulations, focusing on reducing the carbon footprint of agricultural practices. Policymakers will likely increase coordination with international standards to ensure global trade compliance, thereby enhancing market access for regulated commodities.
This industry is comprised of:
Agricultural cooperative extension program administration
Agricultural marketing services government
Agricultural pest and weed regulation, government
Agriculture fair boards administration
Animal quarantine service, government
Food inspection agencies
Pest control programs, agriculture, government
Regulation and inspection of agricultural products
Weed control, agriculture, government
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.