Rental and leasing of agricultural machinery and equipment

NACE v2.1 Code: O77.31

About rental and leasing of agricultural machinery and equipment

NACE code 77.31 covers the rental and leasing of agricultural machinery and equipment, which plays a crucial role in supporting the agricultural sector and broader food production industry. This industry enables farmers and other agricultural businesses to access specialized equipment without the need for significant capital investment, improving efficiency and productivity across the agricultural value chain.

Production process

The core activities within this industry involve the acquisition, maintenance, and rental of a diverse range of agricultural machinery and equipment, such as tractors, harvesters, planting and fertilizing equipment, and irrigation systems. Rental companies carefully manage their asset portfolios, ensuring the equipment is well-maintained and readily available to meet the seasonal and cyclical demands of their agricultural clients.

Production inputs

The main inputs required for this industry include the agricultural machinery and equipment itself, which is typically sourced from specialized manufacturers. Additionally, the rental companies rely on skilled technicians to perform regular servicing and repairs, as well as logistics and transportation services to deliver the equipment to client locations.

Production outputs

The primary output of this industry is the provision of rented or leased agricultural machinery and equipment to farmers, agricultural cooperatives, and other businesses involved in 01.11 (Growing of cereals (except rice), leguminous crops and oil seeds), 01.13 Growing of vegetables and melons, roots and tubers, 01.14 Growing of sugar cane, and other related NACE codes within the agricultural sector.

Revisions to 77.31

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 77.31. The most recent 1 version of this code (77.31) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 77.31.

Family tree for rental and leasing of agricultural machinery and equipment

    graph LR
    A["<a href='/classifications/nace/v2-1/O'>O: ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2-1/O/77'>77: Rental and leasing activities</a>"]
B --> C["<a href='/classifications/nace/v2-1/O/77/3'>77.3: Rental and leasing of other machinery, equipment and tangible goods</a>"]
C --> D["<a href='/classifications/nace/v2-1/O/77/31'>77.31: Rental and leasing of agricultural machinery and equipment</a>"]

    C --> E["<a href='/classifications/nace/v2-1/O/77/32'>77.32: Rental and leasing of construction and civil engineering machinery and equipment</a>"]
C --> F["<a href='/classifications/nace/v2-1/O/77/33'>77.33: Rental and leasing of office machinery, equipment and computers</a>"]
C --> G["<a href='/classifications/nace/v2-1/O/77/34'>77.34: Rental and leasing of water transport equipment</a>"]
C --> H["<a href='/classifications/nace/v2-1/O/77/35'>77.35: Rental and leasing of air transport equipment</a>"]
C --> I["<a href='/classifications/nace/v2-1/O/77/39'>77.39: Rental and leasing of other machinery, equipment and tangible goods n.e.c.</a>"]

    

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