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Jul. 8, 2024 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% Tweet |
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