Establishments primarily engaged in buying and/or marketing farm products, not elsewhere classified. Establishments primarily engaged in the wholesale distribution of milk are classified in Industry 5143, and those distributing live poultry are classified in Industry 5144.
The Farm-product Raw Materials, Not Elsewhere Classified (NAICS 5159) industry is witnessing several noteworthy qualitative trends. One significant trend is the increasing digitization and use of technology in supply chain management. Farmers and distributors are increasingly adopting blockchain for traceability and transparency. This technology allows for real-time tracking of product origins and movements, ensuring quality and sustainability standards are met.
Sustainability is another driving force, with a growing emphasis on organic farming and environmentally-friendly practices. Consumers are more health-conscious and demand organically grown products, driving producers to adopt greener methods. Companies are also focusing on reducing their carbon footprint, leading to the adoption of renewable energy sources and eco-friendly packaging solutions.
Additionally, there is a rising trend toward direct-to-consumer (DTC) sales. By bypassing traditional distribution channels, small and medium-sized farmers can offer fresh, raw materials directly to consumers through e-commerce platforms. This trend is supported by the growth of online marketplaces and an increasing preference for farm-to-table products.
Looking towards the future, expect continuous growth in tech adoption, particularly AI and IoT for precision farming, alongside sustainability initiatives. The market will also likely see further consolidation, with larger companies acquiring small-scale farms to enhance their supply chains. These factors combined suggest a robust, adaptive industry poised to meet the evolving demands of consumers and environmental standards.
Animal hair-wholesale
Bristles-wholesale
Broomcorn-wholesale
Buyers of raw farm products, except grain, field beans, and
Chicks-wholesale
Cotton merchants, not members of exchanges-wholesale
Cotton, raw-wholesale
Country buyers of cotton or cotton linters
Dealers in raw farm products, except grain, field beans, and
Dried beet pulp-wholesale
Feathers-wholesale
Fibers, vegetable-wholesale
Furs, raw-wholesale
Hides (may include curing)-wholesale
Hops-wholesale
Horses-wholesale
Merchants of raw farm products, except grain, field beans, and
Mohair, raw-wholesale
Moss-wholesale
Mules-wholesale
Nuts, unprocessed or shelled only-wholesale
Oil kernels-wholesale
Oil nuts-wholesale
Oilseeds-wholesale
Peanuts, bulk: unprocessed or shelled only-wholesale
Pecan-wholesale
Pelts-wholesale
Semen, bovine-wholesale
Silk, raw-wholesale
Skins, raw-wholesale
Sugar, raw-wholesale
Tobacco auctioning and warehousing-wholesale
Tobacco, leaf (including exporters)-wholesale
Wool tops and noils-wholesale
Wool, raw-wholesale
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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.
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.