Rental and leasing of agricultural machinery and equipment
NACE v2.0 Code: N77.31
About rental and leasing of agricultural machinery and equipment
NACE code 77.31 covers the rental and leasing of agricultural machinery and equipment, an essential industry that supports the agricultural sector and broader food production supply chain. This industry plays a vital role in providing farmers and other agricultural producers access to specialized equipment, enabling them to enhance productivity, efficiency, and sustainability in their operations. By offering flexible and cost-effective access to machinery, this industry helps to lower barriers to entry and promote the growth of the agricultural industry.
Production process
The rental and leasing of agricultural machinery and equipment involves the acquisition of a diverse range of farm machinery, such as tractors, harvesters, planting and spraying equipment, and other specialized tools. These assets are then made available to customers, typically farmers and agricultural contractors, on a short-term or long-term basis. The industry relies on effective asset management, maintenance, and logistics to ensure the machinery is well-maintained and readily available to meet the seasonal and variable demands of the agricultural sector.
Production inputs
The key inputs for this industry include the agricultural machinery and equipment itself, which is typically sourced from manufacturers or wholesalers. Additionally, the industry requires access to financing, storage and logistics infrastructure, as well as skilled personnel to manage the rental and leasing operations. Maintenance and repair services are also essential to ensure the machinery remains in good working condition and can be reliably deployed to customers.
Production outputs
The primary output of this industry is the rental and leasing of agricultural machinery and equipment to 01.00 Crop and animal production, hunting and related service activities, 02.00 Forestry and logging, and other agricultural producers. By providing access to specialized equipment, this industry enables farmers and agricultural businesses to enhance their productivity, reduce capital expenditures, and adapt to changing seasonal demands more effectively.
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 page shows a legacy version of code 77.31 ( NACE v2.0).
Newer versions
- NACE v2.1 (Latest revision):
Related ISIC Codes
These isic codes are related to this econ code: (77.31).
| ISIC code | ISIC Version | ISIC title |
|---|---|---|
| 7730 | ISIC v4.0 | Renting and leasing of other machinery, equipment and tangible goods |
Related CPC Codes
These CPC codes are related to this econ code: (77.31).
Family tree for rental and leasing of agricultural machinery and equipment
graph LR
A["<a href='/classifications/nace/v2/N'>N: ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2/N/77'>77: Rental and leasing activities</a>"]
B --> C["<a href='/classifications/nace/v2/N/77/3'>77.3: Rental and leasing of other machinery, equipment and tangible goods</a>"]
C --> D["<a href='/classifications/nace/v2/N/77/31'>77.31: Rental and leasing of agricultural machinery and equipment</a>"]
C --> E["<a href='/classifications/nace/v2/N/77/32'>77.32: Rental and leasing of construction and civil engineering machinery and equipment</a>"]
C --> F["<a href='/classifications/nace/v2/N/77/33'>77.33: Rental and leasing of office machinery and equipment (including computers)</a>"]
C --> G["<a href='/classifications/nace/v2/N/77/34'>77.34: Rental and leasing of water transport equipment</a>"]
C --> H["<a href='/classifications/nace/v2/N/77/35'>77.35: Rental and leasing of air transport equipment</a>"]
C --> I["<a href='/classifications/nace/v2/N/77/39'>77.39: Rental and leasing of other machinery, equipment and tangible goods n.e.c.</a>"]
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