Employment
112,992
Total employees (Census CBP)
Wholesale Trade ·NAICS 423820
NAICS 423820 · IRS SOI 2023 · Census CBP
Farm and Garden Machinery and Equipment Merchant Wholesalers - Industry Benchmarks
$74,615/yr average annual pay, with 138 SBA loans on record for NAICS 423820.
- 4.1%
- Wholesale Trade sector margin
- 113K
- Workers employed
- $74,615/yr
- Avg payroll / employee
- $136M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 423820
Texas leads Farm and Garden Machinery and Equipment Merchant Wholesalers activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Wholesale Trade sector runs a 4.1% net margin.
- 4.1%
- Wholesale Trade sector margin (IRS SOI)
- 113K
- Workers employed (Census CBP)
- $74,615/yr
- Avg payroll / employee
- $136M
- SBA lending, FY20–26
Benchmarking Insights for Farm and Garden Machinery and Equipment Merchant Wholesalers
Farm and Garden Machinery and Equipment Merchant Wholesalers sits inside Wholesale Trade, a sector that runs a 4.1% net margin overall.
7,500 establishments employ 112,992 workers (15.1/location) at $74,615/yr average annual pay. Texas leads employment, followed by California and Iowa.
Avg Payroll / Employee
$74,615/yr
Annual compensation
Establishments
7,500
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 4,400; establishment count increased by 49. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $8.4B
- Avg Employees per Establishment
- 15.1
Top States by Employment
| State | Employment |
|---|---|
| Texas | 8,367 |
| California | 7,835 |
| Iowa | 6,210 |
| Minnesota | 5,297 |
| Nebraska | 4,988 |
| Wisconsin | 4,446 |
| Ohio | 4,242 |
| Indiana | 4,120 |
| North Carolina | 3,300 |
| Georgia | 3,147 |
Showing top 10 of 49 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
138
Total Loan Volume
$136M
Avg Loan Size
$986K
Jobs Supported
1,334
Program Breakdown
7(a) 108 (78%)
504 30 (22%)
Top SBA Lender
OakStar Bank
6 loans in this industry
New Business Share
23.9% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 16
2021 28
2022 27
2023 15
2024 26
2025 23
2026 3
Frequently Asked Questions
How profitable is Farm and Garden Machinery and Equipment Merchant Wholesalers?
IRS SOI doesn't publish margin data at the NAICS 423820 level. Texas leads this industry nationally. The broader Wholesale Trade sector runs a 4.1% net margin (IRS SOI 2023).
How many businesses are in Farm and Garden Machinery and Equipment Merchant Wholesalers?
7,500 business establishments. Together they employ 112,992 workers.
What is the average payroll per employee in Farm and Garden Machinery and Equipment Merchant Wholesalers?
$74,615/yr average annual pay per employee. Businesses average 15.1 employees per establishment.
Which states have the most Farm and Garden Machinery and Equipment Merchant Wholesalers employment?
Texas leads with 8,367 workers. California (7,835) and Iowa (6,210) round out the top three.
How much SBA lending does Farm and Garden Machinery and Equipment Merchant Wholesalers receive?
Farm and Garden Machinery and Equipment Merchant Wholesalers businesses received 138 SBA loans totaling $136 million between FY2020 and FY2026. The average loan size was $986K. These loans supported 1,334 jobs at origination. Most lending (78%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 75% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Farm and Garden Machinery and Equipment Merchant Wholesalers
- No margin data, check the parent industry. Browse Wholesale Trade
- 7,500 establishments, 112,992 workers. Payroll benchmarks
- 138 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 423820 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.