In this article, we discuss 5 best agriculture ETFs to buy. If you want to read our discussion in the agriculture industry, head directly to 12 Best Agriculture ETFs To Buy.
5. iShares MSCI Global Agriculture Producers ETF (NYSE:VEGI)
5-Year Share Price Performance as of August 1: 42.84%
iShares MSCI Global Agriculture Producers ETF (NYSE:VEGI) aims to replicate the performance of the MSCI ACWI Select Agriculture Producers Investable Market Index, which consists of global companies primarily involved in the agriculture industry. The ETF was founded on January 31, 2012, and as of July 31, 2023, it holds net assets exceeding $227 million. Its portfolio includes 158 stocks, with a 30-day SEC yield of 2.10% and an expense ratio of 0.39%. iShares MSCI Global Agriculture Producers ETF (NYSE:VEGI) is one of the best agriculture ETFs to buy.
Corteva, Inc. (NYSE:CTVA) is the largest holding of the iShares MSCI Global Agriculture Producers ETF (NYSE:VEGI). Corteva, Inc. (NYSE:CTVA) operates in the agriculture industry. Its Seed segment develops and supplies advanced germplasm and traits to improve yield, resistance to weather, disease, and insects. Corteva’s Crop Protection segment provides products that protect against weeds, insects, and diseases, as well as enhance crop health through nitrogen management and seed-applied technologies. On July 21, Corteva, Inc. (NYSE:CTVA) declared a $0.16 per share quarterly dividend, a 6.7% increase from its prior dividend of $0.15. The dividend is payable on September 15, to shareholders of record as of September 1.
According to Insider Monkey’s first quarter database, Ken Griffin’s Citadel Investment Group is the largest stakeholder of Corteva, Inc. (NYSE:CTVA), with 4.43 million shares worth $267.2 million.
Here is what Aristotle Capital Management Value Equity has to say about Corteva, Inc. (NYSE:CTVA) in its Q1 2022 investor letter:
“Corteva Agriscience, one of the world’s largest seed and crop protection companies, was a primary contributor for the quarter. Due to its respected brand and the value-added benefits of its patented seeds and crop protection solutions for farmers, Corteva has been able to more than offset input cost inflation with sustainable price increases. In addition, the company’s ongoing mix shift to higher-margin, premium products, a catalyst we previously identified, is aiding both sales and profit growth. Shares were likely also buoyed by the rise in crop prices. Market participants, perhaps eager to chase short-term trends, poured into the sector. At Aristotle Capital, we look past such gyrations and, as long-term investors, do not attempt to predict short-term changes in commodity prices. We remain excited about what we view to be high-quality characteristics and fundamental improvements that permeate Corteva’s business, not the least of which include its pricing power.”
