Sectors & IndustriesConsumer DefensiveFarm Products

Best Farm Stocks to Buy Now (2024)

Top farm stocks in 2024 ranked by overall Due Diligence Score. See the best farm stocks to buy now, according to analyst forecasts for the farm products industry.

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

Vital Farms (NASDAQ:VITL) is the top farm stock with a Due Diligence Score of 58, which is 31 points higher than the farm industry average of 27. It passed 20 out of 33 due diligence checks and has strong fundamentals. Vital Farms has seen its stock return 148.01% over the past year, overperforming other farm stocks by 159 percentage points.

Vital Farms has an average 1 year price target of $41.00, an upside of 15.69% from Vital Farms's current stock price of $35.44.

Vital Farms stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Vital Farms, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Cal Maine Foods (NASDAQ:CALM) is the second best farm stock with a Due Diligence Score of 48, which is 21 points higher than the farm industry average of 27. It passed 18 out of 38 due diligence checks and has strong fundamentals. Cal Maine Foods has seen its stock return 98.56% over the past year, overperforming other farm stocks by 110 percentage points.

Cal Maine Foods has an average 1 year price target of $52.00, a downside of -47.59% from Cal Maine Foods's current stock price of $99.22.

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

Bunge Global Sa (NYSE:BG) is the third best farm stock with a Due Diligence Score of 44, which is 17 points higher than the farm industry average of 27. It passed 15 out of 38 due diligence checks and has strong fundamentals. Bunge Global Sa has seen its stock lose -19.39% over the past year, underperforming other farm stocks by -8 percentage points.

Bunge Global Sa has an average 1 year price target of $114.00, an upside of 35.71% from Bunge Global Sa's current stock price of $84.00.

Bunge Global Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Bunge Global Sa, 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.

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 7.15%, which is 4 percentage points higher than the farm industry average of 3.07%. Brasilagro Brazilian Agricultural Real Estate Co's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Brasilagro Brazilian Agricultural Real Estate Co's dividend has not shown consistent growth over the last 10 years.

Brasilagro Brazilian Agricultural Real Estate Co's dividend payout ratio of 68.7% indicates that its high dividend yield is sustainable for the long-term.

Archer Daniels Midland Co (NYSE:ADM) has an annual dividend yield of 3.89%, which is 1 percentage points higher than the farm industry average of 3.07%. Archer Daniels Midland Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Archer Daniels Midland Co's dividend has shown consistent growth over the last 10 years.

Archer Daniels Midland Co's dividend payout ratio of 42.5% indicates that its dividend yield is sustainable for the long-term.

Adecoagro Sa (NYSE:AGRO) has an annual dividend yield of 3.26%, which is the same as the farm industry average of 3.07%.

Adecoagro Sa's dividend payout ratio of 22.6% indicates that its dividend yield is sustainable for the long-term.

Farm stocks were down -0.49% in the last day, and down -2.21% 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:

Archer Daniels Midland Co (NYSE:ADM) is the most undervalued farm stock based on WallStreetZen's Valuation Score. Archer Daniels Midland Co has a valuation score of 57, which is 35 points higher than the farm industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Archer Daniels Midland Co's stock has dropped -29.74% in the past year. It has underperformed other stocks in the farm industry by -18 percentage points.

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 21 points higher than the farm industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Dole's stock has gained 24.34% in the past year. It has overperformed other stocks in the farm industry by 36 percentage points.

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 21 points higher than the farm industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Adecoagro Sa's stock has dropped -13.52% in the past year. It has underperformed other stocks in the farm industry by -2 percentage points.