CNBC’s Jim Cramer on Tuesday offered a list of five agricultural stocks he thinks investors should consider buying.
The Russo-Ukrainian War has led to a significant upswing in agriculture, and “given that Russia and Ukraine account for about a third of the world’s wheat production, there is a real possibility that we could face global food shortages as this drags on.” – said the host of “Mad Money”.
“I think the best approach to a bull market in agriculture is to bet on a basket of farm-related stocks, because when farmers make a lot of money, they invest in seeds, equipment and fertilizers,” he added.
Cramer said that while investors don’t have to own a full basket of agricultural stocks, these five options are great options:
- Archer Daniels Midland
“I think they are winners and if they fall, buy more,” Kramer said.
He also offered a short list of fertilizer companies to invest in, although he said they were riskier to own than the agricultural stocks he listed.
Here is a list of fertilizer companies:
- KF Industries
“If you want to bet on fertilizer, know that this is a short-term deal, not an investment, so be prepared to make quick calls to the registry on the way up and get ready to cut your losses,” Cramer said.
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Denial of responsibility