14 Best Agriculture Stocks to Buy Now – Yahoo Finance

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On This textual content material, we Shall be wanting On the 14 biggest agriculture shares To buy now. Do You’d like to Want to skip our detailed evaluation of the agriculture sector, You will Have The power to go On to see the 5 Best Agriculture Stocks to Buy Now.

The Group for Financial Co-operation and Enchancment forecasts a 15% enhance in worldwide demand for agricultural output over The subsequent ten yrs, which Shall be met by enhanced agricultural stpricegies Utilized by producers All by way of the place. The agricultural sector significantly influences a quantity of areaal, nationwide, and worldwide economic sectors. It accounts for 4% of The worldwide GDP and Greater than 25% of GDP in creating nations. Understanding What’s occurring in this sector and The biggest method It is going to influence meals manufacturing and distrihoweverion is essential For everyone, from farmers and exact property buyers to supermarkets and eating institutions.

After Russia’s invasion of Ukraine, a quantity of vital uncertainties make it exhausting to forecast The Prolonged time period prognosis for any enterprise exactly. As a Outcome of of shut ties between the power and fertilizer sectors, this Might have an influence on worldwide agriculture suppliers. Russian exports of potash, ammonia, urea and completely different pure fertilizers have been significantly hampered due to Western sanctions on the nation. Farmers worldwide are using much less fertilizer and rising fewer crops due to the exorbitant fertilizer funds.

As of November 15, 2022, the world’s inhabitants reveryed 8 billion, 3 events that in 1950. There Shall be 8.5 billion people on the planet by 2030, 9.7 billion by 2050, and 10.4 billion by The prime of the century. Subsequently, to fulfil the developing meals demand in 2050, worldwide agriculture manufacturing should develop by about 50% from The current ranges. The problem for farmers, governments, and scientists is To enhance meals manufacturing with out accelerating environmental deterioration and the climatic drawback. AI-pohave beend options that enhance crop extreme quality, quantity, and market entry time Might assist farmers Discover your self to be extra productive.

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Photograph by Sebastian Gómez on Unsplash

Precision agriculture, typically Usually acknowledged as synthetic intelligence methods, is aiding in enhancing The general extreme quality and accuracy of harvests. The potential that synthetic intelligence (AI) supplys for the interpretation of satellite tv for pc imagery for area surveillance Is Amongst The numerous Best makes use of of AI in agriculture. This know-how makes the identification of pests, plant illnesses, and undervitamin of farms simpler. Earlier to choosing which herbicide Ought to be used Inside the area, synthetic intelligence (AI) sensors may acknowledge and goal weeds. Herbicide use is lowered, In consequence, decreaseing funds. Furtherextra, using AI-based mostly robots for agricultural harvesting aids in managing the labor scarcity. AI furtherly makes smart selections, Similar to optimum plant time, crop yields, and forecasting prices. Robots have been created by companies like Harvest Automation and Nexus Robotics For choosing fragile meals and pulling weeds, respectively. These tendencies, mixed or Utilized in any combination, will influence every facet of the agriculture enterprise. The worldwide AI in agriculture market was worth USD 1.1 billion in 2021 and Is predicted To enhance at a CAGR of 25.1% To Obtain USD 4.2 billion by 2028.

Agrienterprise is presently in extreme demand. As a Outcome of of measurement required for operations, A pair of enterprise giants like Deere & Agency (NYSE:DE), Archer-Daniels-Midland Agency (NYSE:ADM), and Corteva, Inc. (NYSE:CTVA) administration The majority of the market share. As a Outcome, these agricultural equities are Inside the limelight and seem poised for long-time period success.

Our Methodology

So as to decide Definitely one of the biggest agriculture shares To buy now, we first started with the 189 places in iShares MSCI Global Agriculture Producers ETF (VEGI). VEGI invests in worldwide agriculture shares Which have publicity to “corporations that produce fertilizers and agricultural chemical compounds, farm equipment, and packaged meals, and meats”. We then used Insider Monkey’s proprietary knowledgebase of hedge fund sentiment scores to rank these shares based mostly on their popularity Amongst The numerous 920 hedge funds that currently reported their 13F portfolios.

Best Agriculture Stocks to Buy Now

14. Cal-Maine Foods, Inc. (NASDAQ:CALM)

Number of Hedge Fund Maintainers: 27

Cal-Maine Foods, Inc. (NASDAQ:CALM) manufactures and distrihoweveres shell eggs. Its primary market is America. The company’s manufacturers embrace Egg- Land’s, Land O’ Lakes, Farmhouse, and 4-Grain.

On September 28, BofA analyst Peter Galbo lowered his worth objective on Cal-Maine Foods, Inc. (NASDAQ:CALM) to $50 from $55 and retained an ‘Underperform’ rating on the inventory.

Amongst the hedge funds tracked by Insider Monkey, 27 funds reported proudly owning stakes in Cal-Maine Foods, Inc. (NASDAQ:CALM) On The prime of Q3 2022, As in contrast with 22 funds Inside the final quarter. Ric Dillon’s Diamond Hill Capital is The Most very important stakeholder of Cal-Maine Foods, Inc. (NASDAQ:CALM), with 1.65 million shares worth $91.52 million. 

Cal-Maine Foods, Inc. (NASDAQ:CALM) Is Amongst The numerous most important agricultural shares alongside Deere & Agency (NYSE:DE), Archer-Daniels-Midland Agency (NYSE:ADM), and Corteva, Inc. (NYSE:CTVA).

In its Q3 2022 funding letter, Diamond Hill Capital talked about Cal-Maine Foods, Inc. (NASDAQ:CALM). Right here is whOn the fund:

“On A particular person holdings’ basis, prime contrihoweverors to return in Q3 embraced Cal-Maine Foods, Inc. (NASDAQ:CALM) and WESCO Internationwide. Tight hen current tied to a chook flu outbreak has supported extremeer egg prices, a key driver for egg-producer Cal-Maine’s revenueability. Outdoors of that exogenous event, Cal-Maine is properly placeed amid an enterprise shift to cage-free eggs. Cal-Maine invested forward of rivals in upgrading amenities — spending on its improves when inflation was decrease — which we think about should show An further boon enabling ongoing share positive elements.”

13. Ingredion Incompanyd (NYSE:INGR)

Number of Hedge Fund Maintainers: 27

Ingredion Incompanyd (NYSE:INGR) manufactures components for the meals, paper, beverage, And particular personal-care industries. Starches make up round 45% of gross sales, candyeners about 35%, and co-merchandise make up the reprimarying 20%. As of September 30, 2022, Yacktman Asset Management Might be the most excellent shareholder in Ingredion Incompanyd (NYSE:INGR), having stakes of Greater than $189.45 million.

On November 7, Credit rating Suisse analyst Robert Moskow reaffirmed a ‘Impartial’ rating on the shares of Ingredion Incompanyd (NYSE:INGR) and raised his worth objective from $94 to $100. After a revenueable Q3, enhanced gross margins, and an enhancement in working income, the analyst extremelighted that administration had enhanced EPS projections.

As of the shut of Q3 2022, 27 hedge funds tracked by Insider Monkey owned stakes in Ingredion Incompanyd (NYSE:INGR), up from 22 Inside the previous quarter. These stakes are collectively worthd at over $421.25 million.

12. FMC Company (NYSE:FMC)

Number of Hedge Fund Maintainers: 28

FMC Company (NYSE:FMC) is a firm That makes a speciality of agricultural sciences. Through a product differ agained by a pipeline of market-pushed evaluation and development in crop safety, crop enhancement, and professional pest and turf administration, it supplys developers options. FMC Company (NYSE:FMC) stands twelfth on the itemizing of 14 biggest agriculture shares To buy now.

Chrisprimeher Kapsch, an analyst at Loop Capital, raised FMC Company (NYSE:FMC) from ‘Maintain’ to ‘Buy’ on November 15 and enhanced his worth objective from $132 to $149. When think abouting The power To close A worth hole relative to Corteva, Inc. (NYSE:CTVA), Kapsch anticipated A a lot greater upside for FMC Company (NYSE:FMC) shares.

Ken Griffin’s Citadel Investment Group is FMC Company (NYSE:FMC)’s largest investor by way of a $130.17 million stake. As of Q3 2022, 28 hedge funds have places in FMC Company (NYSE:FMC), As in contrast with 29 Inside the previous quarter.

Aristotle Capital Management talked about FMC Company (NYSE:FMC) in its Q1 2022 investor letter. Right here is whOn the firm has to say:

“FMC is an agricultural sciences company offering options for the safety of crops from completely different pests. Its merchandise are Utilized by farmers To Guarantee bugs, weeds and fungi Do not negatively influence their harvest. Headquartered in Philadelphia, Pennsylvania, the company has a rich historic previous courting again to 1883 when inventor John Bean Acquired Proper down To assemble A greater insecticide spray pump. Over the many yrs, by way of acquisitions, FMC turned a dispaprice assortment of chemical corporations. FMC has reworked itself to solely Consider crop chemical compounds, having acquired DuPont’s crop chemical compounds portfolio in 2017, and accomplished the separation of its lithium enterprise in 2019. FMC is now Definitely one of many largest patented crop safety corporations worldwidely.…” (Click on here to see The complete textual content material)

11. CNH Industrial N.V. (NYSE:CNHI)

Number of Hedge Fund Maintainers: 28

CNH Industrial N.V. (NYSE:CNHI) is an industrial gear And restore supplier. The company creates, produces, promotes, supplys On the market, and funds development and agricultural gear. CNH Industrial N.V. (NYSE:CNHI) presently has An monumental presence in roughly 180 nations.

On November 9, Oppenheimer analyst Kristen Owen raised CNH Industrial N.V. (NYSE:CNHI) to ‘Outperform’ from ‘Carry out’ with a $18 worth objective following ancompletely different unbelievable quarterly Outcome.

At The prime of Q3 2022, CNH Industrial N.V. (NYSE:CNHI) was An factor of 28 hedge fund portfolios, rising from 25 1 / 4 earlier, Based on Insider Monkey’s knowledgebase. The stakes owned by these hedge funds have An complete worth of over $755.07 million. Of the 28 hedge funds that have been bullish on CNH Industrial N.V. (NYSE:CNHI), Harris Associates is the main stakeholder of the company, holding 97.86 million shares worth $1.12 billion.

Oakmark Funds talked about CNH Industrial N.V. (NYSE:CNHI) in its Q2 2022 investor letter. Right here is whOn the firm has to say:

“We purchased our place in Iveco Group (Italy), in favor of names that, in our opinion, supply a extra favorable hazard/return profile. Iveco Group’s arrival Inside the Fund stemmed from CNH Industrial N.V. (NYSE:CNHI)’s demerger of its vans and enterprise automobiles enterprise in early January. We proceed To hold CNH Industrial as we think about it holds A lovely valuation at its current worth.”

10. The Scotts Miracle-Gro Agency (NYSE:SMG)

Number of Hedge Fund Maintainers: 29

The Scotts Miracle-Gro Agency (NYSE:SMG) manufactures, markets, and distrihoweveres hydroponic gardening methods and equipment. It opeprices in three segments: US Shopper, Hawthorne, and Other. First Eagle Investment Management Is Amongst The numerous largest shareholders in The Scotts Miracle-Gro Agency (NYSE:SMG) proudly owning over 1.58 million shares of the inventory, worthd at roughly $67.34 million.

As of the shut of Q3 2022, 29 hedge funds tracked by Insider Monkey owned stakes in The Scotts Miracle-Gro Agency (NYSE:SMG), up from 25 Inside the previous quarter. These stakes are collectively worthd at over $128.33 million.

The Scotts Miracle-Gro Agency (NYSE:SMG) was raised by Barclays analyst Gaurav Jain on November 8 from ‘Equal Weight’ to ‘Obese’ with a $75 worth goal. The analyst justified the improve by pointing to the inventory’s 16% free money circulate yield.

9. Darling Ingredients Inc. (NYSE:DAR)

Number of Hedge Fund Maintainers: 35

Darling Ingredients Inc. (NYSE:DAR) develops, manufactures, and markets pure merchandise genepriced from edible and inedible bio-dietary vitamins. Darling Ingredients Inc. (NYSE:DAR), a sustainability chief, runs Greater than 270 amenities throughout 17 nations and recycles about 15% of the waste streams from the meat enterprise into extreme-worth merchandise.

Dushyant Ailani, an analyst at Jefferies, initiated safety of Darling Ingredients Inc. (NYSE:DAR) on October 19, assigning it a ‘Buy’ rating with a $102 worth objective.

In accordance to Insider Monkey’s Q3 knowledge, 35 hedge funds have been bullish on Darling Ingredients Inc. (NYSE:DAR), As in contrast with 33 funds Inside the final quarter. Ian Simm’s Impax Asset Management held The Most very important stake in Darling Ingredients Inc. (NYSE:DAR), comprising almost 3.65 million shares worth $240.85 million.

Right here is what Aristotle Capital Management has to say about Darling Ingredients Inc. (NYSE:DAR) in its Q1 2022 investor letter:

“Darling posted A strong recupepricey Inside The primary quarter, rising on extremeer Diesel prices And extremely effective demand for proteins and feedshares. Furtherextra, the Agency proceeds to increase manufacturing in its Diamond Inexpert Diesel (DGD) Three method partnership with Valero. Cash circulates are anticipated to develop meaningfully subsequent yr, As a Outcome of the DGD 3 plant Is predicted To return on-line in Port Arthur Texas Inside The primary half of 2023, bringing DGD complete renewable diesel manufacturing performance As a lot as 1.2 billion gallons per yr.”

8. Archer-Daniels-Midland Agency (NYSE:ADM)

Number of Hedge Fund Maintainers: 37

Archer-Daniels-Midland Agency (NYSE:ADM) is a producer and processor of agricultural merchandise. As properly as, the company currents long-time period human and animal nourishment. Archer-Daniels-Midland Agency (NYSE:ADM) has a forward P/E of 12.7x, under the enterprise common of 20.1x.

In accordance to Insider Monkey’s knowledge, 37 hedge funds have been bullish on Archer-Daniels-Midland Agency (NYSE:ADM) On The prime of September 2022, As in contrast with 42 funds Inside the prior quarter. Tom Gayner’s Markel Gayner Asset Management held In all probability the most notable stake in Archer-Daniels-Midland Agency (NYSE:ADM), comprising 1.46 million shares worth $117.72 million.

On October 26, Baird analyst Ben Kallo primarytained an ‘Outperform’ rating and enhanced his worth objective on Archer-Daniels-Midland Agency (NYSE:ADM) to $98 from $94. The analyst said that regardmuch less of the firm navigating A posh current chain and foreign money price environment, factorary demand was nonethemuch less strong.

Diamond Hill Capital talked about Archer-Daniels-Midland Agency (NYSE:ADM) in its Q1 2022 investor letter. Right here is whOn the firm Desired to say:

“ADM is A quantity one agricultural processor that furtherly opeprices A worldwide vitamin enterprise focused on The event of components and flavors for meals and drinks, dietary supplements and extra. The company’s current working end outcomes have benefited (sadly) from the wrestle in Ukraine as grain prices and agricultural markets worldwidely expert strong worth will enhance. ADM is placeed properly To revenue from the volatility due to its safe North American agricultural base.”

7. Lamb Weston Maintainings, Inc. (NYSE:LW)

Number of Hedge Fund Maintainers: 42

Lamb Weston Maintainings, Inc. (NYSE:LW) manufactures, distrihoweveres, and markets worth-added frozen potatoes, vegetable merchandise, candy potatoes, and appetizers to eating places and retailers worldwidely. Lamb Weston Maintainings, Inc. (NYSE:LW) has a $12.4 billion market capitalization. It delivered a 50.90% return Prior to now twelve months as of November 23.

On October 6, JPMorgan analyst Thomas Palmer primarytained an ‘Obese’ rating on Lamb Weston Maintainings, Inc. (NYSE:LW) and enhanced his worth objective to $101 from $98. Palmer wrote in a evaluation notice thOn the firm had ancompletely different minimal upkeep quarter and that its recupepricey of revenueability was in progress.

At The prime of the September quarter, 42 hedge funds in Insider Monkey’s knowledgebase owned stakes in Lamb Weston Maintainings, Inc. (NYSE:LW), up from 35 Inside the previous quarter. These stakes have An complete worth of over $1.54 billion.

Amongst the hedge funds being tracked by Insider Monkey, Ny-based mostly funding firm Anomaly Capital Management is A quantity one shareholder in Lamb Weston Maintainings, Inc. (NYSE:LW), with 2.72 million shares worth Greater than $210.28 million.

Carillon Tower Advisers talked about Lamb Weston Maintainings, Inc. (NYSE:LW) in its Q3 2022 investor letter. Right here is whOn the firm has to say:

“Lamb Weston Maintainings, Inc. (NYSE:LW) currents frozen potato merchandise worldwidely to the restaurant and meals retail industries. Simply as demand started to recupeprice from pandemic shutdowns final yr, an unusually small potato harvest exacerbated an inflationary value environment. Pricing actions have been efficient in current quarters, driving margin recupepricey and boosting earnings.”

6. The Mosaic Agency (NYSE:MOS)

Number of Hedge Fund Maintainers: 46

The Mosaic Agency (NYSE:MOS) manufactures and sells concentpriced phosphate and potash agricultural fertilizers. The enterprise produced 2.3 million tonnes of potash general Inside the third quarter of 2022, up from 1.6 million tonnes in The identical quarter the previous yr. The firm conducts its operations by way of utterly and majority-owned associates. Neverthemuch less, the company’s inventory has declined 18.07% over the previous six months.

On November 22, Piper Sandler analyst Charles Neivert primarytained an ‘Obese’ rating on The Mosaic Agency (NYSE:MOS) and lohave beend his worth objective from $75 to $65 following the Q3 end outcomes. The analyst predicted A substantial, however anticipated, drop in 2023 earnings As in contrast with 2022, partly due to the slowing down of a progress in demand for potash and phosphates Inside the fourth quarter and 2023.

As of the shut of Q3 2022, 46 hedge funds in Insider Monkey’s knowledgebase owned stakes in Mosaic Agency (NYSE:MOS), holding An complete worth of over $912.96 million. The Most very important stakeholder of The Mosaic Agency (NYSE:MOS) is Soroban Capital Companions, with 6.87 million shares, worth $332.20 million.

Collectively with Deere & Agency (NYSE:DE), Archer-Daniels-Midland Agency (NYSE:ADM), and Corteva, Inc. (NYSE:CTVA), The Mosaic Agency (NYSE:MOS) Is Amongst The numerous biggest agriculture shares To buy.

 

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Disclosure: None. 14 Best Agriculture Stocks to Buy Now is initially revealed on Insider Monkey.

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