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:

Vital Farms (NASDAQ:VITL) is the top farm stock with a Zen Score of 51, which is 26 points higher than the farm industry average of 25. It passed 17 out of 33 due diligence checks and has strong fundamentals. Vital Farms has seen its stock return 128.85% over the past year, overperforming other farm stocks by 139 percentage points.

Vital Farms has an average 1 year price target of $30.40, a downside of -16.51% from Vital Farms's current stock price of $36.41.

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.

Bunge Global Sa (NYSE:BG) is the second best farm stock with a Zen Score of 47, which is 22 points higher than the farm industry average of 25. It passed 16 out of 38 due diligence checks and has strong fundamentals. Bunge Global Sa has seen its stock return 18.35% over the past year, overperforming other farm stocks by 28 percentage points.

Bunge Global Sa has an average 1 year price target of $119.14, an upside of 12.37% from Bunge Global Sa's current stock price of $106.03.

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.

Archer Daniels Midland Co (NYSE:ADM) is the third best farm stock with a Zen Score of 43, which is 18 points higher than the farm industry average of 25. It passed 15 out of 38 due diligence checks and has strong fundamentals. Archer Daniels Midland Co has seen its stock lose -15.62% over the past year, underperforming other farm stocks by -6 percentage points.

Archer Daniels Midland Co has an average 1 year price target of $61.91, a downside of -1.7% from Archer Daniels Midland Co's current stock price of $62.98.

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.

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 13.03%, which is 9 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.

Fresh Del Monte Produce (NYSE:FDP) has an annual dividend yield of 3.47%, 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 -166.7% indicates that its dividend yield might not be sustainable for the long-term.

Cal Maine Foods (NASDAQ:CALM) has an annual dividend yield of 3.27%, which is the same as the farm industry average of 3.56%. 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.

Farm stocks were down -0.6% in the last day, and up 2.55% 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 71, which is 49 points higher than the farm industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Alico's stock has gained 17.54% in the past year. It has overperformed other stocks in the farm industry by 27 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 49 points higher than the farm industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Dole's stock has gained 1.4% in the past year. It has overperformed other stocks in the farm industry by 11 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 gained 29.89% in the past year. It has overperformed other stocks in the farm industry by 40 percentage points.