The company had another excellent quarter. Its businesses include processing cereal grains, oil seeds, and agricultural storage and transportation.Īrcher-Daniels-Midland reported its first-quarter results on April 25th, 2023.
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Thanks to strong business momentum amid robust demand in infrastructure and positive farm fundamentals, Deere raised its guidance for this year, from record earnings of $8.75-$9.25 billion to earnings of $9.25-$9.50 billion.Ĭlick here to download our most recent Sure Analysis report on Deere (preview of page 1 of 3 shown below):Īgriculture Stock #5: Archer-Daniels-Midland (ADM)Īrcher-Daniels-Midland is the largest publicly traded farmland product company in the United States. Sales grew across the board with the Production & Precision Ag, Small Ag & Turf and Construction & Forestry segments posting gains of 53%, 16%, and 23%, respectively.ĭeere grew its earnings-per-share 42%, from $6.81 to $9.65, and beat the analysts’ consensus by a massive $1.01. The company grew its sales 30% over the prior year’s quarter thanks to continued strong demand for farm and construction equipment. In mid-May, Deere reported (5/19/23) financial results for the second quarter of fiscal 2023. The company also makes equipment used in construction, forestry & turf care, produces engines and provides financial solutions to its customers. The company opened 17 new Tractor Supply stores and three new Petsense by Tractor Supply stores during the quarter.Ĭlick here to download our most recent Sure Analysis report on TSCO (preview of page 1 of 3 shown below):Īgriculture Stock #6: Deere & Company (DE)ĭeere & Company is the largest manufacturer of farm equipment in the world.
Net income decreased by 2.2% to $183.1 million, and diluted earnings per share remained unchanged at $1.65. Gross profit increased by 10.7% to $1.17 billion, and gross margin increased to 35.5%. Tractor Supply Company’s net sales for Q1 2023 increased by 9.1% to $3.3 billion, driven by positive contributions from Orscheln Farm and Home, new store openings, and comparable store sales growth. Tractor Supply reported its financial results for its first quarter on April 27th, 2023. Its offerings include clothing, pet supplies, trailers and accessories, lawn & garden supplies, heating systems, tools, fencing, lawnmowers, and power generators. Its customers include recreational farmers & ranchers, tradesmen and small businesses. Tractor Supply Company is a retailer that sells farm and ranch products. Interested investors should view this as a starting off point to more research.Īgriculture Stock #7: Tractor Supply Co. The stocks are ranked according to expected returns over the next five years, in order of lowest to highest.Įven better, all 7 agriculture stocks pay dividends to shareholders, making them attractive for income investors. We have ranked our 7 favorite agriculture stocks below.
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