13 Best Farmland and Agriculture Stocks To Invest In According to Hedge Funds

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1. FMC Corporation (NYSE:FMC)

Number of Hedge Fund Holders: 41

FMC Corporation (NYSE:FMC) is a leading American agricultural sciences company that focuses on developing and marketing essential products like herbicides, insecticides, and fungicides. FMC ranks among the best agriculture stocks to buy according to hedge funds.

In Q3 2024, FMC Corporation (NYSE:FMC) reported revenues of $1.07 billion, marking a 9% increase compared to Q3 2024. This growth was driven by higher sales volumes and effective cost management strategies, which helped the company turn around from a net loss of $4 million in Q3 2023 to a net income of $66 million in Q3 2024. The introduction of innovative products, such as a new fluindapyr-based fungicide in Brazil, Argentina, and Paraguay, has significantly contributed to this revenue boost.

The company’s commitment to improving its financial health is evident in its aggressive cost-saving measures. FMC Corporation (NYSE:FMC) has raised its restructuring savings target for 2024 to between $125 million and $150 million, with an aim to achieve over $225 million in gross savings by 2025. This includes realigning manufacturing operations and reducing costs through attrition.

Additionally, FMC Corporation (NYSE:FMC) announced that it had completed the sale of its Global Specialty Solutions business on November 1, 2024, allowing it to concentrate more on its core crop protection business. This strategic move is expected to enhance operational efficiency and focus resources on high-potential areas. With robust revenue growth, improved profitability, and a clear focus on core agricultural products, FMC Corporation (NYSE:FMC) presents an attractive investment opportunity in the farmland and agriculture sector.

Overall, FMC ranks first among the 13 best farmland and agriculture stocks to invest in according to hedge funds. While we acknowledge the potential of farmland and agriculture companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FMC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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