Sectors & Industries Consumer DefensiveFarm Products
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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
VITL	VITAL FARMS INC	$36.70	827,534	-25.84%	32.82	29.56	25.72	20.69	16.38	78.95	80.44	80.73	29.27	41.42	3.23	2.41	0.82	0.82
BG	BUNGE GLOBAL SA	$101.74	1,565,887	-21.04%	103.87	104.64	102.08	97.78	103.05	44.27	51.30	61.49	46.72	58.34	0.35	0.60	-0.25	0.80
ADM	ARCHER-DANIELS-MIDLAND CO	$60.08	4,160,127	5.15%	61.21	61.06	60.79	60.43	68.52	45.01	64.78	79.67	63.65	82.08	0.20	0.16	0.04	0.81
ALCO	ALICO INC	$27.51	25,220	40.66%	27.57	27.83	28.04	28.43	27.03	47.66	45.27	43.33	51.80	48.68	-0.25	-0.18	-0.07	0.73
CALM	CAL-MAINE FOODS INC	$57.80	408,574	-11.07%	57.49	57.78	59.23	57.64	52.85	47.82	71.77	59.98	88.30	87.43	-0.48	-0.61	0.14	0.37
LND	BRASILAGRO - BRAZILIAN AGRICULTURAL REAL ESTATE CO	$4.90	60,222	-6.88%	5.00	4.98	4.90	4.96	5.09	46.77	27.57	36.70	15.80	24.93	0.02	0.03	-0.01	0.55
AGRO	ADECOAGRO SA	$10.87	443,095	21.66%	11.08	11.04	10.86	10.58	10.81	46.49	24.69	37.50	23.14	39.62	0.03	0.07	-0.04	0.83
DOLE	DOLE PLC	$12.72	1,940,537	65.80%	2.30	2.33	2.94	3.35	2.98	43.57	36.35	27.48	72.77	56.82	-0.18	-0.22	0.04	0.62
VFF	VILLAGE FARMS INTERNATIONAL INC	$1.35	439,912	-24.80%	1.29	1.31	1.18	0.99	0.89	54.31	31.82	27.27	36.20	29.78	0.02	0.03	-0.01	1.43
TSN	TYSON FOODS INC	$60.71	1,627,202	-20.62%	59.94	60.23	58.53	56.24	53.32	57.60	68.58	63.36	41.03	32.70	0.40	0.52	-0.12	0.64
FDP	FRESH DEL MONTE PRODUCE INC	$24.18	195,262	31.07%	24.55	25.15	25.12	25.05	25.13	36.50	23.25	25.25	18.07	19.52	-0.27	-0.14	-0.13	0.64
COOT	AUSTRALIAN OILSEEDS HOLDINGS LTD	$1.12	27,823	-15.43%	1.18	1.31	2.88	6.94	9.19	28.49	8.03	5.39	60.01	35.57	-0.45	-0.58	0.13	-0.03
LMNR	LIMONEIRA CO	$21.26	17,312	-58.55%	21.30	20.53	19.71	19.18	17.34	65.00	70.19	70.32	31.68	31.50	0.52	0.49	0.04	0.76
AQB	AQUABOUNTY TECHNOLOGIES INC	$2.00	9,045	-80.22%	1.91	1.88	1.96	2.19	3.03	56.13	58.89	58.61	70.97	59.03	-0.00	-0.02	0.02	0.85
LOCL	LOCAL BOUNTI CORPORATION	$2.93	7,508	-79.75%	2.88	2.85	2.72	2.48	2.68	54.33	66.59	61.97	51.56	50.12	0.08	0.08	0.01	0.84
AGRI	AGRIFORCE GROWING SYSTEMS LTD	$0.11	6,426,471	146.72%	13.00	13.10	12.36	11.52	10.94	43.08	23.87	26.93	17.57	22.18	-0.32	0.21	-0.53	0.31
AFRI	FORAFRIC GLOBAL PLC	$10.60	7,150	275.33%	10.49	10.44	10.40	10.47	10.78	54.98	66.04	59.54	65.69	70.00	0.05	0.03	0.02	0.18
EDBL	EDIBLE GARDEN AG INC	$4.94	18,493,284	13,779.68%	4.54	5.01	5.98	7.71	11.87	47.45	16.77	11.89	46.18	19.68	-0.52	-0.52	-0.00	1.64
SISI	SHINECO INC	$0.77	93,474	628.96%	0.78	0.77	0.79	1.05	1.21	48.98	48.33	46.12	32.68	29.63	-0.00	-0.01	0.01	0.41
AAGR	AFRICAN AGRICULTURE HOLDINGS INC	$0.38	28,725	-68.22%	1.15	0.98	0.70	0.61	0.96	49.80	52.69	65.44	11.11	25.30	0.15	0.15	-0.00	-0.01
SANW	S&W SEED CO	$0.39	44,152	-87.47%	0.40	0.41	0.43	0.50	0.66	38.81	7.89	10.88	20.22	12.45	-0.02	-0.01	-0.00	0.48
DTCK	DAVIS COMMODITIES LTD	$1.09	134,214	-5.36%	1.17	1.11	1.11	1.05	N/A	48.38	20.09	20.37	17.87	18.30	0.02	0.02	-0.00	0.77

Farm Stocks FAQ

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

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

1. Vital Farms (NASDAQ:VITL)

Vital Farms (NASDAQ:VITL) is the top farm stock with a Zen Score of 51, which is 27 points higher than the farm industry average of 24. It passed 17 out of 33 due diligence checks and has strong fundamentals. Vital Farms has seen its stock return 154.33% over the past year, overperforming other farm stocks by 163 percentage points.

Vital Farms has an average 1 year price target of $34.40, a downside of -6.27% from Vital Farms's current stock price of $36.70.

Vital Farms stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Vital Farms, 40% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Bunge Global Sa (NYSE:BG)

Bunge Global Sa (NYSE:BG) is the second best farm stock with a Zen Score of 47, which is 23 points higher than the farm industry average of 24. It passed 16 out of 38 due diligence checks and has strong fundamentals. Bunge Global Sa has seen its stock return 10.6% over the past year, overperforming other farm stocks by 19 percentage points.

Bunge Global Sa has an average 1 year price target of $119.14, an upside of 17.11% from Bunge Global Sa's current stock price of $101.74.

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.

3. Archer Daniels Midland Co (NYSE:ADM)

Archer Daniels Midland Co (NYSE:ADM) is the third best farm stock with a Zen Score of 43, which is 19 points higher than the farm industry average of 24. It passed 15 out of 38 due diligence checks and has strong fundamentals. Archer Daniels Midland Co has seen its stock lose -21.01% over the past year, underperforming other farm stocks by -13 percentage points.

Archer Daniels Midland Co has an average 1 year price target of $61.91, an upside of 3.04% from Archer Daniels Midland Co's current stock price of $60.08.

Archer Daniels Midland Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 11 analysts covering Archer Daniels Midland Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 90.91% have issued a hold, while 0% have issued a Sell rating, and 9.09% 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 13.08%, which is 9 percentage points higher than the farm industry average of 3.8%. 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. Fresh Del Monte Produce (NYSE:FDP)

Fresh Del Monte Produce (NYSE:FDP) has an annual dividend yield of 3.72%, which is the same as the farm industry average of 3.8%. Fresh Del Monte Produce's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Fresh Del Monte Produce's dividend has shown consistent growth over the last 10 years.

Fresh Del Monte Produce's dividend payout ratio of -166.7% indicates that its 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 3.24%, which is -1 percentage points lower than the farm industry average of 3.8%. 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 54.4% indicates that its dividend yield is sustainable for the long-term.

Why are farm stocks down?

Farm stocks were down -0.63% in the last day, and up 0.84% over the last week.

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

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 71, which is 51 points higher than the farm industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Alico's stock has gained 20.45% in the past year. It has overperformed other stocks in the farm industry by 29 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 43, which is 23 points higher than the farm industry average of 20. It passed 3 out of 7 valuation due diligence checks.

Dole's stock has gained 5.65% in the past year. It has overperformed other stocks in the farm industry by 14 percentage points.

3. Adecoagro Sa (NYSE:AGRO)

Adecoagro Sa (NYSE:AGRO) is the third most undervalued farm stock based on WallStreetZen's Valuation Score. Adecoagro Sa has a valuation score of 43, which is 23 points higher than the farm industry average of 20. It passed 3 out of 7 valuation due diligence checks.

Adecoagro Sa's stock has gained 22.27% in the past year. It has overperformed other stocks in the farm industry by 31 percentage points.

Are farm stocks a good buy now?

33.33% of farm stocks rated by analysts are a strong buy right now. On average, analysts expect farm stocks to rise by 6% 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 -3.73x.

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.