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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
VITL
VITAL FARMS INC
$1.71BN/A0.00%N/AN/AN/AN/A
DTCK
DAVIS COMMODITIES LTD
$27.74MN/A0.00%N/AN/AN/AN/A
BG
BUNGE GLOBAL SA
$14.50B2.61%20.80%$0.6800$2.6749%02024-08-192024-06-03
ALCO
ALICO INC
$196.32M0.78%3.80%$0.0500$0.2014%1
ADM
ARCHER-DANIELS-MIDLAND CO
$30.02B3.13%32.30%$0.5000$1.9057%02024-06-05
CALM
CAL-MAINE FOODS INC
$2.93B3.14%54.40%$0.9970$1.8757%8
LND
BRASILAGRO - BRAZILIAN AGRICULTURAL REAL ESTATE CO
$497.55M13.19%117.70%$0.6410$0.6497%5
AGRO
ADECOAGRO SA
$1.03B3.37%14.10%$0.1682$0.3360%02024-05-29
DOLE
DOLE PLC
$1.17BN/A8.40%$0.0800N/AN/A0
VFF
VILLAGE FARMS INTERNATIONAL INC
$126.79MN/A0.00%N/AN/AN/AN/A
TSN
TYSON FOODS INC
$21.48B3.22%-110.20%$0.4900$1.9458%02024-05-312024-06-14
FDP
FRESH DEL MONTE PRODUCE INC
$1.12B3.87%-166.70%$0.2500$0.9067%22024-06-07
LMNR
LIMONEIRA CO
$357.58M1.51%-51.70%$0.0750$0.3031%0
COOT
AUSTRALIAN OILSEEDS HOLDINGS LTD
$37.91MN/A0.00%N/AN/AN/AN/A
AQB
AQUABOUNTY TECHNOLOGIES INC
$7.21MN/A0.00%N/AN/AN/AN/A
LOCL
LOCAL BOUNTI CORPORATION
$26.31MN/A0.00%N/AN/AN/AN/A
AGRI
AGRIFORCE GROWING SYSTEMS LTD
$3.72MN/A0.00%N/AN/AN/AN/A
AFRI
FORAFRIC GLOBAL PLC
$289.76MN/A0.00%N/AN/AN/AN/A
EDBL
EDIBLE GARDEN AG INC
$1.25MN/A0.00%N/AN/AN/AN/A
SISI
SHINECO INC
$7.80MN/A0.00%N/AN/AN/AN/A
SANW
S&W SEED CO
$13.48MN/A0.00%N/AN/AN/AN/A
AAGR
AFRICAN AGRICULTURE HOLDINGS INC
$20.66MN/AN/AN/AN/AN/AN/A

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 25 points higher than the farm industry average of 26. It passed 17 out of 33 due diligence checks and has strong fundamentals. Vital Farms has seen its stock return 167.28% over the past year, overperforming other farm stocks by 177 percentage points.

Vital Farms has an average 1 year price target of $34.40, a downside of -15.27% from Vital Farms's current stock price of $40.60.

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. Davis Commodities (NASDAQ:DTCK)


Davis Commodities (NASDAQ:DTCK) is the second best farm stock with a Zen Score of 48, which is 22 points higher than the farm industry average of 26. It passed 15 out of 33 due diligence checks and has strong fundamentals.

3. Bunge Global Sa (NYSE:BG)


Bunge Global Sa (NYSE:BG) is the third best 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 11.5% over the past year, overperforming other farm stocks by 21 percentage points.

Bunge Global Sa has an average 1 year price target of $119.14, an upside of 16.38% from Bunge Global Sa's current stock price of $102.37.

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.

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 13.19%, which is 9 percentage points higher than the farm industry average of 3.87%. 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 3.87%, which is the same as the farm industry average of 3.87%. 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. Adecoagro Sa (NYSE:AGRO)


Adecoagro Sa (NYSE:AGRO) has an annual dividend yield of 3.37%, which is the same as the farm industry average of 3.87%.

Adecoagro Sa's dividend payout ratio of 14.1% indicates that its dividend yield is sustainable for the long-term.

Why are farm stocks down?

Farm stocks were down -0.77% in the last day, and down -1.58% 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. Davis Commodities (NASDAQ:DTCK)


Davis Commodities (NASDAQ:DTCK) is the most undervalued farm stock based on WallStreetZen's Valuation Score. Davis Commodities has a valuation score of 86, which is 62 points higher than the farm industry average of 24. It passed 6 out of 7 valuation due diligence checks.

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 3.71% in the past year. It has overperformed other stocks in the farm industry by 13 percentage points.

3. Dole (NYSE:DOLE)


Dole (NYSE:DOLE) is the third most undervalued farm stock based on WallStreetZen's Valuation Score. Dole 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.

Dole's stock has dropped -5.52% in the past year. It has overperformed other stocks in the farm industry by 4 percentage points.

Are farm stocks a good buy now?

37.5% of farm stocks rated by analysts are a hold right now. On average, analysts expect farm stocks to rise by 3.78% 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 -3.22x.
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.