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Jan. 2, 2024 Source: Agri Marketing magazine During 2023, Agri Marketing's Ag Stock Index finished the year up 24%. That compares to the Dow Jones Industrial Index up 14%, S&P 500 up 24% and NASDAQ up 43%. The Agri Marketing Ag Stock Index is composed of a portfolio of 25 publicly traded companies with significant agricultural interests. Since its inception on January 1, 2006, the Agri Marketing Ag Stock Index has gained 204%. That compares to the Dow's gain of 208%, the S&P 500's gain of 382% and NASDAQ's gain of 346%. The Ag Stock Index's five largest gainers in 2023 were: 1.Federal Ag Mortgage Corp (FarmerMac): +75% 2.The Andersons Inc (fertilizer, crop inputs, grain): +67% 3.Alamo Group (farm equipment): +49% 4.Zoetis (animal health): +36% 5.Buhler Industries (farm equipment): +25% The five posting the largest losses: 1.American Vanguard (crop protection): -49% 2.FMC Corp (crop protection): -48% 3. Bayer (crop protection, seed): -30% 4.Valmont Industries (irrigation): -29% 5.CNH Industrial (farm equipment): -24% Others of interest: AGCO (farm equipment): -8% BASF (crop protection, seed): +17% Corteva (crop protection, seed): -17% Deere & Co (farm equipment): -5% Lindsay Corp. (irrigation): -20% Nutrien (fertilizer, retail): -23% Tweet |
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