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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
BG
BUNGE GLOBAL SA
$14.73B17.60%7.30%17.34%15.00%1.361.997.90%3.20%5.23%
ALCO
ALICO INC
$215.21M19.00%11.30%17.14%13.80%0.522.52-9.30%110.80%163.57%
VITL
VITAL FARMS INC
$1.11B14.20%10.30%15.71%22.20%0.433.0034.40%5.40%6.99%
ADM
ARCHER-DANIELS-MIDLAND CO
$31.10B14.00%6.20%13.78%12.80%1.261.608.00%3.70%5.28%
AGRO
ADECOAGRO SA
$1.16B18.60%7.00%15.99%11.30%1.552.1425.10%17.40%32.88%
LND
BRASILAGRO - BRAZILIAN AGRICULTURAL REAL ESTATE CO
$493.46M12.20%7.80%35.07%31.10%0.602.1429.70%20.20%75.96%
DOLE
DOLE PLC
$1.16B10.20%2.70%8.75%7.60%2.511.128.40%1.50%3.02%
VFF
VILLAGE FARMS INTERNATIONAL INC
$140.02M-10.00%-6.70%-5.78%-6.70%0.492.1017.30%-11.10%-8.00%
CALM
CAL-MAINE FOODS INC
$2.85B16.80%13.90%17.90%24.30%0.245.6523.30%11.60%14.46%
AQB
AQUABOUNTY TECHNOLOGIES INC
$7.14M-15.70%-13.80%-15.76%-17.50%0.140.80-518.00%-1,114.50%-1,102.21%
TSN
TYSON FOODS INC
$21.70B-4.60%-2.30%-1.89%-2.50%1.021.494.70%-1.60%-1.09%
SANW
S&W SEED CO
$18.15M18.20%8.00%26.60%18.80%1.431.0422.90%17.60%27.08%
FDP
FRESH DEL MONTE PRODUCE INC
$1.23B-0.60%-0.30%1.17%1.10%0.672.128.10%-0.30%0.71%
AGRI
AGRIFORCE GROWING SYSTEMS LTD
$3.48M-149.30%-64.50%-103.60%-437.50%1.030.7016.60%-72,066.90%-72,066.89%
COOT
AUSTRALIAN OILSEEDS HOLDINGS LTD
$47.10M-20.40%6.10%15.80%10.50%2.301.0129.40%4.80%7.09%
LMNR
LIMONEIRA CO
$355.42M-5.70%-3.40%-6.35%-5.70%0.600.925.60%-5.70%-9.39%
AFRI
FORAFRIC GLOBAL PLC
$276.05M-50.60%-5.70%-14.31%-4.40%11.320.5810.00%-7.00%-2.97%
LOCL
LOCAL BOUNTI CORPORATION
$25.31M-167.90%-34.90%-28.09%-20.80%24.000.858.00%-450.00%-356.61%
SISI
SHINECO INC
$5.13M-19.30%-8.60%-11.28%-28.10%1.320.5421.80%-207.50%-203.77%
AAGR
AFRICAN AGRICULTURE HOLDINGS INC
$20.60MN/A-130.80%308.21%-288.00%-1.810.1625.20%-2,369.40%-2,277.85%
EDBL
EDIBLE GARDEN AG INC
$1.88M-350.80%-107.80%-261.14%-103.10%-24.110.915.90%-72.50%-69.74%
DTCK
DAVIS COMMODITIES LTD
$25.19MN/AN/AN/AN/A3.111.32N/AN/AN/A
NMHI
NATURE's MIRACLE HOLDING INC
$24.68MN/A-22.10%1,077.58%-21.40%-3.110.50-10.60%-82.10%-70.22%

Farm Stocks FAQ

What are the best farm stocks to buy right now in Apr 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 47, which is 21 points higher than the farm industry average of 26. It passed 16 out of 38 due diligence checks and has strong fundamentals. Bunge Global Sa has seen its stock return 13.88% over the past year, overperforming other farm stocks by 29 percentage points.

Bunge Global Sa has an average 1 year price target of $119.14, an upside of 14.49% from Bunge Global Sa's current stock price of $104.06.

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. Alico (NASDAQ:ALCO)


Alico (NASDAQ:ALCO) is the second best farm stock with a Zen Score of 46, which is 20 points higher than the farm industry average of 26. It passed 18 out of 38 due diligence checks and has strong fundamentals. Alico has seen its stock return 18.76% over the past year, overperforming other farm stocks by 34 percentage points.

3. Vital Farms (NASDAQ:VITL)


Vital Farms (NASDAQ:VITL) is the third best farm stock with a Zen Score of 43, which is 17 points higher than the farm industry average of 26. It passed 14 out of 33 due diligence checks and has strong fundamentals. Vital Farms has seen its stock return 104.01% over the past year, overperforming other farm stocks by 120 percentage points.

Vital Farms has an average 1 year price target of $22.33, a downside of -15.53% from Vital Farms's current stock price of $26.44.

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 13.3%, which is 10 percentage points higher than the farm industry average of 3.56%. 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 3.3%, which is the same as the farm industry average of 3.56%. 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.

3. Tyson Foods (NYSE:TSN)


Tyson Foods (NYSE:TSN) has an annual dividend yield of 3.19%, which is the same as the farm industry average of 3.56%. 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 down?

Farm stocks were down -1.03% in the last day, and up 0.95% 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. Dole (NYSE:DOLE)


Dole (NYSE:DOLE) is the most undervalued farm stock based on WallStreetZen's Valuation Score. Dole has a valuation score of 71, which is 47 points higher than the farm industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Dole's stock has dropped -0.41% in the past year. It has overperformed other stocks in the farm industry by 15 percentage points.

2. Alico (NASDAQ:ALCO)


Alico (NASDAQ:ALCO) is the second most undervalued farm stock based on WallStreetZen's Valuation Score. Alico has a valuation score of 71, which is 47 points higher than the farm industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Alico's stock has gained 18.76% in the past year. It has overperformed other stocks in the farm industry by 34 percentage points.

3. Agriforce Growing Systems (NASDAQ:AGRI)


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 19 points higher than the farm industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Agriforce Growing Systems's stock has dropped -99.47% in the past year. It has underperformed other stocks in the farm industry by -84 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 4.77% 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 -2.22x.
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