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Friday, June 21, 2024

Top 10 Agriculture Stocks in 2024

Most of the stocks in this list have seen declines in the past year, but have the potential for gains in 2024. While the Agriculture Industry has been hit in recent years, there is still a growing demand for food and fuel.

Deere & Company (NYSE: DE)

Founded in 1837, Deere is a world leader in providing advanced products and services for agriculture, construction, and forestry. The company manufactures and distributes a wide range of equipment, including tractors, combines, harvesters, and precision agricultural tools. Deere’s business model focuses on delivering innovative solutions to improve efficiency and productivity for its customers while prioritizing sustainability.

Deere & Company 1-Year Price Data

Nutrien Ltd. (NYSE: NTR)

Nutrien is the world’s largest provider of crop inputs and services, playing a critical role in helping growers increase food production sustainably. The company produces and distributes fertilizers, crop protection products, and seed products. Nutrien’s business model involves a network of retail locations, providing farmers with products, services, and solutions to optimize crop yields and profitability.

Nutrien Ltd. 1-Year Price Data

Corteva, Inc. (NYSE: CTVA)

Corteva is a leading global agricultural chemical and seed company that provides farmers with a comprehensive portfolio of products and solutions. The company’s business model focuses on developing and delivering innovative products in two key segments: seed and crop protection. Corteva invests heavily in research and development to create advanced seed technologies and crop protection products that enhance farmer productivity and sustainability.

Corteva, Inc. 1-Year Price Data

Archer-Daniels-Midland Company (NYSE: ADM)

Archer Daniels is a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. ADM’s business model involves procuring, transporting, storing, processing, and merchandising agricultural commodities and products. The company transforms crops into products serving the food, animal feed, industrial, and energy markets worldwide.

Archer-Daniels-Midland Company 1-Year Price Data

Bunge Limited (NYSE: BG)

Bunge Limited is a leading global agribusiness and food company with integrated operations spanning the entire food value chain. The company’s business model includes originating, processing, and distributing oilseeds, grains, and other agricultural commodities. Bunge also produces value-added products such as specialty oils, milled products, and ingredients for the food, animal feed, and biofuel industries.

FMC Corporation (NYSE: FMC)

FMC is a global agricultural sciences company that provides innovative solutions to growers worldwide. The company’s business model focuses on developing, manufacturing, and selling crop protection products, including insecticides, herbicides, and fungicides. FMC invests in research and development to create advanced crop protection technologies that help farmers enhance crop quality and yield while promoting sustainable agriculture practices.

FMC Corporation 1-Year Price Data

The Mosaic Company (NYSE: MOS)

The Mosaic Company is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s business model involves mining and processing phosphate and potash minerals into crop nutrients, which are then distributed globally through its extensive distribution network. Mosaic’s products play a vital role in helping farmers improve crop yields and meet the growing global demand for food.

The Mosaic Company 1-Year Price Data

AGCO Corporation (NYSE: AGCO)

AGCO Corporation is a global leader in the design, manufacture, and distribution of agricultural equipment and solutions. The company’s business model encompasses a full line of farm equipment, including tractors, combines, hay tools, sprayers, and forage equipment. AGCO’s products are distributed through a combination of independent dealers and distributors, serving farmers and agricultural contractors worldwide.

AGCO Corporation 1-Year Price Data

CF Industries Holdings, Inc. (NYSE: CF)

CF Industries Holdings is a leading global manufacturer and distributor of nitrogen products for agricultural, industrial, and environmental applications. The company’s business model involves producing and selling nitrogen fertilizers, including ammonia, urea, and ammonium nitrate. CF Industries owns and operates world-scale nitrogen complexes strategically located in North America, serving both domestic and international markets.

CF Industries Holdings 1-Year Price Data

Darling Ingredients Inc. (NYSE: DAR)

Darling Ingredients is a global leader in creating sustainable food, feed, and fuel solutions from edible and inedible bio-nutrients. The company’s business model involves collecting and processing animal-based by-products and other natural materials into value-added ingredients for various industries. Darling Ingredients plays a crucial role in the circular economy by repurposing waste streams into usable products, such as renewable diesel and natural fertilizers.

Darling Ingredients Inc. 1-Year Price Data

The Growing Demand For Food and Fuel

The agricultural sector is vital to meeting the growing global demand for food, feed, and fuel. The companies mentioned above play important roles in supporting farmers, enhancing agricultural productivity, and promoting sustainable practices. Each company has a unique business model that contributes to the overall goal of improving the efficiency and sustainability of the agricultural value chain.

Deere & Company, AGCO Corporation, and Nutrien Ltd. focus on providing advanced equipment, technologies, and services to farmers, enabling them to optimize their operations and increase productivity. Corteva, Inc., FMC Corporation, and The Mosaic Company develop and distribute crop protection products and nutrients that help farmers protect their crops and improve yields.

Archer-Daniels-Midland Company and Bunge Limited are global leaders in agricultural processing and merchandising, connecting farmers to markets and transforming raw agricultural commodities into value-added products for various industries. CF Industries Holdings, Inc. specializes in nitrogen fertilizer production, supplying essential nutrients for crop growth.

Darling Ingredients Inc. stands out with its focus on sustainability and the circular economy, converting animal by-products and waste streams into valuable ingredients for food, feed, and fuel applications.

Climate Change

As the world faces the challenges of feeding a growing population while addressing climate change and resource scarcity, these companies are developing solutions and technologies to support sustainable agriculture. Their efforts in research and development, combined with their global reach and extensive distribution networks, position them as important players in shaping the future of the agricultural industry.

Investors looking to gain exposure to the agricultural sector may find these companies attractive due to their essential roles in the global food supply chain, their commitment to innovation, and their potential for long-term growth. However, as with any investment, it is important to conduct thorough research and consider factors such as market conditions, company financials, and individual risk tolerance before making investment decisions.

Publisher and editor of LJLNews. I am a Stock Market enthusiast, with an interest for politics. I hope you enjoy reading the articles! Contact me at: Lazaruslucas@ljlnews.com

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