Source: Agri Marketing magazine
During the first half of 2024, Agri Marketing’s Ag Stock Index fell 8%. That compares to the Dow Jones Industrial Index up 4%, S&P 500 up 15% and NASDAQ up 21%.
Agri Marketing’s Ag Stock Index is composed of a portfolio of 25 publicly traded companies with significant agricultural interests.
Since its inception on January 1, 2006, Agri Marketing’s Ag Stock Index has gained 196%. That compares to the Dow’s gain of 212%, the S&P 500’s gain of 397% and NASDAQ’s gain of 385%.
The Ag Stock Index’s five largest gainers in the 1st half of 2024 were:
1. Tractor Supply Co. (rural lifestyle retailer): +25%
2. Valmont Industries (irrigation equipment): +15%
3. Corteva Agriscience (crop protection & seed): +11%
4. Bunge (grain handling): +11%
5. Trimble (navigation equipment): +6%
The five posting the largest losses:
1. Art’s Way Mfg (farm equipment): -26%
2. American Vanguard (crop protection): -23%
3. Bayer (crop protection & seed): -25%
4.The Mosaic Co. (fertilizer): -21%
5. Alamo Group (farm equipment): -20%
Others of interest:
AGCO (farm equipment): -18%
BASF (crop protection & seed): -4%
CNH Industrial (farm equipment): -16%
Deere & Co (farm equipment): -8%
FMC (crop protection): -10%
Nutrien (fertilizer & crop input retail): -9%
