5 Worst Performing Industries in 2023

4. Agriculture

Industry ETF: Teucrium Wheat Fund (NYSE:WEAT)

YTD Performance of Industry ETF as of October 31: -28.12%

Ranked among the worst performing industries, the agriculture sector is facing challenges towards its growth. These include a trade war, increasingly extreme weather due to climate change, plummeting commodity prices as a result of globalization, heightened political division, and a shift in corporate farming towards technology and economies of scale rather than traditional structures like silos and red barns. This represents the most severe crisis the agriculture industry has experienced in decades.

An agriculture ETF that is in the red this year is Teucrium Wheat Fund (NYSE:WEAT), which offers investors a convenient way to participate in the wheat futures market through their brokerage accounts. The ETF was launched on September 19, 2011. As of October 31, 2023, the fund’s net assets amount to $200.5 million. It offers an expense ratio of 0.28%.