Sectors & IndustriesConsumer 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.

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

Bunge Global Sa (NYSE:BG) is the top farm stock with a Zen Score of 51, which is 24 points higher than the farm industry average of 27. It passed 18 out of 38 due diligence checks and has strong fundamentals. Bunge Global Sa has seen its stock return 8.54% over the past year, overperforming other farm stocks by 29 percentage points.

Bunge Global Sa has an average 1 year price target of $118.43, an upside of 13.95% from Bunge Global Sa's current stock price of $103.93.

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.

Vital Farms (NASDAQ:VITL) is the second best farm stock with a Zen Score of 50, which is 23 points higher than the farm industry average of 27. It passed 16 out of 33 due diligence checks and has strong fundamentals. Vital Farms has seen its stock return 85.12% over the past year, overperforming other farm stocks by 106 percentage points.

Vital Farms has an average 1 year price target of $21.33, a downside of -14.26% from Vital Farms's current stock price of $24.88.

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.

Alico (NASDAQ:ALCO) is the third best farm stock with a Zen Score of 49, which is 22 points higher than the farm industry average of 27. It passed 19 out of 38 due diligence checks and has strong fundamentals. Alico has seen its stock return 8.45% over the past year, overperforming other farm stocks by 29 percentage points.

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

Brasilagro Brazilian Agricultural Real Estate Co (NYSE:LND) has an annual dividend yield of 13.5%, which is 9 percentage points higher than the farm industry average of 4.03%. 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.

Cal Maine Foods (NASDAQ:CALM) has an annual dividend yield of 5.1%, which is 1 percentage points higher than the farm industry average of 4.03%. 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 54.4% indicates that its high dividend yield is sustainable for the long-term.

Fresh Del Monte Produce (NYSE:FDP) has an annual dividend yield of 3.41%, which is -1 percentage points lower than the farm industry average of 4.03%. 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 -312.5% indicates that its dividend yield might not be sustainable for the long-term.

Farm stocks were down -0.55% in the last day, and down -3.33% over the last week.

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

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

Alico (NASDAQ:ALCO) is the most undervalued farm stock based on WallStreetZen's Valuation Score. Alico has a valuation score of 86, which is 59 points higher than the farm industry average of 27. It passed 6 out of 7 valuation due diligence checks.

Alico's stock has gained 8.45% in the past year. It has overperformed other stocks in the farm industry by 29 percentage points.

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 44 points higher than the farm industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Dole's stock has dropped -4.75% in the past year. It has overperformed other stocks in the farm industry by 16 percentage points.

Agriforce Growing Systems (NASDAQ:AGRI) is the third most undervalued farm stock based on WallStreetZen's Valuation Score. Agriforce Growing Systems has a valuation score of 43, which is 16 points higher than the farm industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Agriforce Growing Systems's stock has dropped -99.5% in the past year. It has underperformed other stocks in the farm industry by -79 percentage points.