Ag Stock Blitz

Jan 15, 2021

2020 was a doozy for public markets, and agriculture wasn’t spared the rollercoaster ride.

But just as the boomerang of the Dow Jones and S&P 500 was a pleasant surprise, analysts are pretty chipper when it comes to agribusiness stocks in 2021. And those crop prices sure don’t hurt expectations. Here are some analysts’ hot takes around the industry:

Cal-Maine Foods — Quarantine baking didn’t hurt the largest U.S. producer of shell eggs in 2020. ‘Midwest large’ eggs tripled in price from March to May last year, and Cal-Maine notched a 4.6% tick up in year-over-year sales.

Deere & Company — John Deere’s virtual reality experience at the Consumer Electronics Show is a sign of the times. But analysts also hope it’s a sign of the future – where Deere & Co will double down on tech and sell more software and data subscriptions. That ‘recurring revenue’ theme is music to any investor’s ears.

Nutrien — Motley Fool called Nutrien the ‘Boring, Safe Stock’ of 2021…and that’s a huge compliment. The fertilizer and farming input giant is getting lots of eyeballs with its tech investments and service offerings that investors hope will create consistent, steady growth.