Barron's mentions:
The cover story this week breaks down how a major tech upgrade in the agriculture sector could lead to a breakout for farming stocks.
Powerful new software is helping hold down pesticide, fertilizer, and seed costs, while raising crop output. In the future, artificial intelligence and software could help planters, sprayers, and combine harvesters run themselves more efficiently.
The Department of Agriculture forecasts net cash farm income will be $150.6B last year, which adjusted for inflation is well above the 20-year average of $130.5B. The publication thinks the recent trends do not signal a peak of a cycle, but are indicative of the most rapid change in food production since the rise of mechanized farming. Deere ( DE), AGCO ( AGCO), Titan Machinery ( TITN), Corteva ( CTVA), Farmland Partners ( FPI), and CNH Industrial ( CNH) are some of the stocks seen reaping benefits if there is a long-lasting farming boom. |
