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Best Farm Stocks to Buy Now (2024)
Top farm stocks in 2024 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
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
BG
BUNGE GLOBAL SA
$14.69B2.55%17.30%$0.6625$2.6150%0
VITL
VITAL FARMS INC
$970.08MN/A0.00%N/AN/AN/AN/A
CALM
CAL-MAINE FOODS INC
$2.87B5.25%46.50%$0.1160$3.0881%9
ALCO
ALICO INC
$223.67M0.85%3.20%$0.0500$0.2516%22024-04-11
ADM
ARCHER-DANIELS-MIDLAND CO
$32.12B2.94%28.70%$0.5000$1.8555%0
AQB
AQUABOUNTY TECHNOLOGIES INC
$7.66MN/A0.00%N/AN/AN/AN/A
LND
BRASILAGRO - BRAZILIAN AGRICULTURAL REAL ESTATE CO
$506.77M12.95%117.70%$0.6410$0.6496%5
AGRO
ADECOAGRO SA
$1.16B2.99%15.50%$0.1649$0.3355%0
DOLE
DOLE PLC
$1.12BN/A18.30%$0.0800N/AN/A0
VFF
VILLAGE FARMS INTERNATIONAL INC
$144.98MN/A0.00%N/AN/AN/AN/A
TSN
TYSON FOODS INC
$20.96B3.30%-78.50%$0.4900$1.9459%02024-05-312024-06-14
SANW
S&W SEED CO
$19.92MN/A0.00%N/AN/AN/AN/A
LOCL
LOCAL BOUNTI CORPORATION
$24.15MN/A0.00%N/AN/AN/AN/A
FDP
FRESH DEL MONTE PRODUCE INC
$1.24B3.27%-312.50%$0.2500$0.8559%22024-03-29
EDBL
EDIBLE GARDEN AG INC
$1.82MN/A0.00%N/AN/AN/AN/A
NMHI
NATURE's MIRACLE HOLDING INC
$23.93MN/A0.00%N/AN/AN/AN/A
COOT
AUSTRALIAN OILSEEDS HOLDINGS LTD
$59.01MN/A0.00%N/AN/AN/AN/A
LMNR
LIMONEIRA CO
$349.48M1.55%-51.70%$0.0750$0.3031%02024-03-282024-04-12
AGRI
AGRIFORCE GROWING SYSTEMS LTD
$261.50kN/A0.00%N/AN/AN/AN/A
AFRI
FORAFRIC GLOBAL PLC
$278.74MN/A0.00%N/AN/AN/AN/A
SISI
SHINECO INC
$4.50MN/A0.00%N/AN/AN/AN/A
DTCK
DAVIS COMMODITIES LTD
$25.31MN/AN/AN/AN/AN/AN/A
AAGR
AFRICAN AGRICULTURE HOLDINGS INC
$3.68MN/A0.00%N/AN/AN/AN/A

Farm Stocks FAQ

What are the best farm stocks to buy right now in Mar 2024?

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

1. Bunge Global Sa (NYSE:BG)


Bunge Global Sa (NYSE:BG) is the top farm stock with a Zen Score of 51, which is 23 points higher than the farm industry average of 28. It passed 18 out of 38 due diligence checks and has strong fundamentals. Bunge Global Sa has seen its stock return 6.88% over the past year, overperforming other farm stocks by 21 percentage points.

Bunge Global Sa has an average 1 year price target of $117.14, an upside of 14.38% from Bunge Global Sa's current stock price of $102.42.

Bunge Global Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Bunge Global Sa, 71.43% have issued a Strong Buy rating, 14.29% have issued a Buy, 14.29% 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 50, which is 22 points higher than the farm industry average of 28. It passed 18 out of 38 due diligence checks and has strong fundamentals. Cal Maine Foods has seen its stock return 6.06% over the past year, overperforming other farm stocks by 20 percentage points.

Cal Maine Foods has an average 1 year price target of $56.00, a downside of -4.47% from Cal Maine Foods's current stock price of $58.62.

Cal Maine Foods stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Cal Maine Foods, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

3. Vital Farms (NASDAQ:VITL)


Vital Farms (NASDAQ:VITL) is the third best farm stock with a Zen Score of 50, which is 22 points higher than the farm industry average of 28. It passed 16 out of 33 due diligence checks and has strong fundamentals. Vital Farms has seen its stock return 51.9% over the past year, overperforming other farm stocks by 66 percentage points.

Vital Farms has an average 1 year price target of $21.33, a downside of -8.09% from Vital Farms's current stock price of $23.21.

Vital Farms stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Vital Farms, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the farm stocks with highest dividends?

Out of 9 farm stocks that have issued dividends in the past year, the 3 farm stocks with the highest dividend yields are:

1. Brasilagro Brazilian Agricultural Real Estate Co (NYSE:LND)


Brasilagro Brazilian Agricultural Real Estate Co (NYSE:LND) has an annual dividend yield of 12.95%, which is 9 percentage points higher than the farm industry average of 3.96%. Brasilagro Brazilian Agricultural Real Estate Co's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Brasilagro Brazilian Agricultural Real Estate Co's dividend has shown consistent growth over the last 10 years.

Brasilagro Brazilian Agricultural Real Estate Co's dividend payout ratio of 117.7% indicates that its high dividend yield might not be sustainable for the long-term.

2. Cal Maine Foods (NASDAQ:CALM)


Cal Maine Foods (NASDAQ:CALM) has an annual dividend yield of 5.25%, which is 1 percentage points higher than the farm industry average of 3.96%. Cal Maine Foods's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Cal Maine Foods's dividend has not shown consistent growth over the last 10 years.

Cal Maine Foods's dividend payout ratio of 46.5% indicates that its high dividend yield is sustainable for the long-term.

3. Tyson Foods (NYSE:TSN)


Tyson Foods (NYSE:TSN) has an annual dividend yield of 3.3%, which is -1 percentage points lower than the farm industry average of 3.96%. Tyson Foods's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Tyson Foods's dividend has shown consistent growth over the last 10 years.

Tyson Foods's dividend payout ratio of -78.5% indicates that its dividend yield might not be sustainable for the long-term.

Why are farm stocks up?

Farm stocks were up 1.28% in the last day, and up 0.09% over the last week.

We couldn't find a catalyst for why farm stocks are up.

What are the most undervalued farm stocks?

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

1. Alico (NASDAQ:ALCO)


Alico (NASDAQ:ALCO) is the most undervalued farm stock based on WallStreetZen's Valuation Score. Alico has a valuation score of 86, which is 57 points higher than the farm industry average of 29. It passed 6 out of 7 valuation due diligence checks.

Alico's stock has gained 19.84% in the past year. It has overperformed other stocks in the farm industry by 34 percentage points.

2. Dole (NYSE:DOLE)


Dole (NYSE:DOLE) is the second most undervalued farm stock based on WallStreetZen's Valuation Score. Dole has a valuation score of 71, which is 42 points higher than the farm industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Dole's stock has gained 1.9% in the past year. It has overperformed other stocks in the farm industry by 16 percentage points.

3. Cal Maine Foods (NASDAQ:CALM)


Cal Maine Foods (NASDAQ:CALM) is the third most undervalued farm stock based on WallStreetZen's Valuation Score. Cal Maine Foods has a valuation score of 57, which is 28 points higher than the farm industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Cal Maine Foods's stock has gained 6.06% in the past year. It has overperformed other stocks in the farm industry by 20 percentage points.

Are farm stocks a good buy now?

40% of farm stocks rated by analysts are a strong buy right now. On average, analysts expect farm stocks to rise by 4.64% 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 -2.11x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.