SIC 5083 Farm and Garden Machinery and Equipment

SIC 5083

This industry is primarily engaged in the wholesale distribution of agricultural machinery and equipment, including devices used to prepare and maintain soil and to plant, protect, irrigate, and harvest crops. The industry also supplies equipment and machinery to dairy and livestock operations.

NAICS CODE(S)

421820

Farm and Garden Machinery and Equipment Wholesalers

444210

Outdoor Power Equipment Stores

INDUSTRY SNAPSHOT

In 2006, according to Dun & Bradstreet, the farm and garden machinery and equipment industry totaled 11,268 establishments with sales totaling nearly $23 billion. Subcategories include lawn and garden machinery, landscaping equipment, agricultural machinery and equipment, and irrigation equipment.

BACKGROUND AND DEVELOPMENT

Sales of tractors and combines were up significantly in the mid-1990s, according to the Equipment Manufacturers Institute. The strength of the farm economy, rising net farm income, and a decline in the ratio of debt to assets, contributed to farmers' willingness to buy agricultural equipment. However, depressed grain and livestock prices led to a decrease in North American retail demand for farm equipment at the turn of the...