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Sectors & IndustriesConsumer DefensiveFarm Products
Best Farm Stocks to Buy Now (2023)
Top farm stocks in 2023 ranked by overall Zen Score. See the best farm stocks to buy now, according to analyst forecasts for the farm products industry.

Industry: Farm Products
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
IBA
INDUSTRIAS BACHOCO SAB DE CV
NYSE
Farm Products
$2.96B$59.44-1.88%$438.62M11.96x0.37
CALM
CAL-MAINE FOODS INC
NASDAQ
Farm Products
$2.64B$53.93-0.83%$694.87M5.54x0.34
LND
BRASILAGR
NYSE
Farm Products
$481.17M$4.70-2.49%$331.78M4.65x0.51
ADM
ARCHER-DANIELS-MIDLAND CO
NYSE
Farm Products
$42.18B$76.97-0.93%$6.63B9.97x1.46
TSN
TYSON FOODS INC
NYSE
Farm Products
$20.34B$57.20-1.77%$4.72B8.25x0.86
AQB
AQUABOUNTY TECHNOLOGIES INC
NASDAQ
Farm Products
$41.17M$0.583.02%-$19.84M-1.87x0.11
AGRO
ADECOAGRO SA
NYSE
Farm Products
$849.89M$7.650.13%$526.88M7.79x1.73
VITL
VITAL FARMS INC
NASDAQ
Farm Products
$570.07M$13.99-1.96%$10.25M466.33x0.36
BG
BUNGE LTD
NYSE
Farm Products
$14.34B$95.64-1.60%$2.81B8.83x1.59
LMNR
LIMONEIRA CO
NASDAQ
Farm Products
$288.86M$16.20-0.37%$46.34M13.39x0.59
CRESY
CRESUD INC
NASDAQ
Farm Products
$364.73M$6.16-5.23%$351.61M1.52x3.92
LOCL
LOCAL BOUNTI CORPORATION
NYSE
Farm Products
$50.70M$0.492.52%-$91.56M0.64x1.20
FDP
FRESH DEL MONTE PRODUCE INC
NYSE
Farm Products
$1.41B$29.47-1.31%$235.60M14.31x0.78
DOLE
DOLE PLC
NYSE
Farm Products
$1.09B$11.530.52%$244.92M12.67x2.82
APPH
APPHARVEST INC
NASDAQ
Farm Products
$108.42M$0.707.69%-$157.79M-0.41x1.29
BHIL
BENSON HILL INC
NYSE
Farm Products
$248.24M$1.20-9.09%-$83.57M-1.69x1.58
VFF
VILLAGE FARMS INTERNATIONAL INC
NASDAQ
Farm Products
$95.36M$0.87-4.95%-$80.56M-0.77x0.48
SANW
S&W SEED CO
NASDAQ
Farm Products
$70.17M$1.64-1.80%-$21.15M-2.19x2.07
AGFS
AGROFRESH SOLUTIONS INC
NASDAQ
Farm Products
$160.62M$2.99-0.33%$33.88M-2.60x2.04
ALCO
ALICO INC
NASDAQ
Farm Products
$186.64M$24.56-0.45%$21.38M-245.60x0.70
KAL
KALERA PUBLIC LTD CO
NASDAQ
Farm Products
$3.24M$3.534.44%-$117.24M-0.01x1.05
NCRA
NOCERA INC
NASDAQ
Farm Products
$10.44M$1.164.32%-$11.09M-0.66x0.85
AVO
MISSION PRODUCE INC
NASDAQ
Farm Products
$773.82M$10.940.46%$13.00M-26.05x0.78
AGRI
AGRIFORCE GROWING SYSTEMS LTD
NASDAQ
Farm Products
$12.53M$0.69-1.43%-$12.85M-0.97x1.07
AFRI
FORAFRIC GLOBAL PLC
NASDAQ
Farm Products
$168.42M$11.19-0.44%-$3.36M-38.59x-1.02
EDBL
EDIBLE GARDEN AG INC
NASDAQ
Farm Products
$5.55M$2.79-31.78%-$9.38M-0.06x-4.20
1

Farm Stocks FAQ

What are the best farm stocks to buy right now in Mar 2023?

According to Zen Score, the 3 best farming stocks to buy right now are:

1. Industrias Bachoco Sab De Cv (NYSE:IBA)


Industrias Bachoco Sab De Cv (NYSE:IBA) is the top farm stock with a Zen Score of 66, which is 33 points higher than the farm industry average of 33. It passed 25 out of 38 due diligence checks and has strong fundamentals. Industrias Bachoco Sab De Cv has seen its stock return 46.51% over the past year, overperforming other farm stocks by 115 percentage points.

Industrias Bachoco Sab De Cv has an average 1 year price target of $56.00, a downside of -5.79% from Industrias Bachoco Sab De Cv's current stock price of $59.44.

Industrias Bachoco Sab De Cv stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Industrias Bachoco Sab De Cv, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Cal Maine Foods (NASDAQ:CALM)


Cal Maine Foods (NASDAQ:CALM) is the second best farm stock with a Zen Score of 60, which is 27 points higher than the farm industry average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Cal Maine Foods has seen its stock return 8.34% over the past year, overperforming other farm stocks by 77 percentage points.

Cal Maine Foods stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Cal Maine Foods, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Brasilagr (NYSE:LND)


Brasilagr (NYSE:LND) is the third best farm stock with a Zen Score of 54, which is 21 points higher than the farm industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Brasilagr has seen its stock lose -31.49% over the past year, overperforming other farm stocks by 37 percentage points.

What are the farm stocks with highest dividends?

Out of 11 farm stocks that have issued dividends in the past year, the 3 farm stocks with the highest dividend yields are:

1. Brasilagr (NYSE:LND)


Brasilagr (NYSE:LND) has an annual dividend yield of 22.25%, which is 18 percentage points higher than the farm industry average of 4.7%. Brasilagr's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Brasilagr's dividend has shown consistent growth over the last 10 years.

Brasilagr's dividend payout ratio of 103.6% indicates that its high dividend yield might not be sustainable for the long-term.

2. Alico (NASDAQ:ALCO)


Alico (NASDAQ:ALCO) has an annual dividend yield of 6.31%, which is 2 percentage points higher than the farm industry average of 4.7%. Alico's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Alico's dividend has not shown consistent growth over the last 10 years.

Alico's dividend payout ratio of -1,550% indicates that its high dividend yield might not be sustainable for the long-term.

3. Cal Maine Foods (NASDAQ:CALM)


Cal Maine Foods (NASDAQ:CALM) has an annual dividend yield of 5.71%, which is 1 percentage points higher than the farm industry average of 4.7%. Cal Maine Foods's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Cal Maine Foods's dividend has shown consistent growth over the last 10 years.

Cal Maine Foods's dividend payout ratio of 17.7% indicates that its high dividend yield is sustainable for the long-term.

Why are farm stocks down?

Farm stocks were down -1.46% in the last day, and down -0.75% over the last week. Edible Garden Ag was the among the top losers in the farm products industry, dropping -31.78% yesterday.

Edible Garden shares are trading lower after Maxim Group maintained a Buy rating on the stock and lowered its price target from $12 to $7.

What are the most undervalued farm stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued farm stocks right now are:

1. Cresud (NASDAQ:CRESY)


Cresud (NASDAQ:CRESY) is the most undervalued farm stock based on WallStreetZen's Valuation Score. Cresud has a valuation score of 100, which is 66 points higher than the farm industry average of 34. It passed 7 out of 7 valuation due diligence checks.

Cresud's stock has dropped -20% in the past year. It has overperformed other stocks in the farm industry by 49 percentage points.

2. Adecoagro Sa (NYSE:AGRO)


Adecoagro Sa (NYSE:AGRO) is the second most undervalued farm stock based on WallStreetZen's Valuation Score. Adecoagro Sa has a valuation score of 71, which is 37 points higher than the farm industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Adecoagro Sa's stock has dropped -34.89% in the past year. It has overperformed other stocks in the farm industry by 34 percentage points.

3. Brasilagr (NYSE:LND)


Brasilagr (NYSE:LND) is the third most undervalued farm stock based on WallStreetZen's Valuation Score. Brasilagr has a valuation score of 71, which is 37 points higher than the farm industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Brasilagr's stock has dropped -31.49% in the past year. It has overperformed other stocks in the farm industry by 37 percentage points.

Are farm stocks a good buy now?

57.14% of farm stocks rated by analysts are a strong buy right now. On average, analysts expect farm stocks to rise by 29.95% over the next year.

What is the average p/e ratio of the farm products industry?

The average P/E ratio of the farm products industry is 11.23x.
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