3 Recession-Resistant Agriculture Dividend Stocks That Can Steer Your Portfolio Toward Greener Pastures
Fluctuating commodity prices and varying demand for new equipment and machinery add cyclicality to the agriculture industry. However, the industry also has a great deal of recession resistance. The agriculture industry may not make up a large percentage of the U.S. economy. But it is an essential industry people simply can't live without. A growing population can only be supported by increased food production, which provides a secular tailwind for long-term growth in farming.
Deere (NYSE: DE), Archer-Daniels-Midland (NYSE: ADM), and Corteva (NYSE: CTVA) each specialize in a different part of the agriculture industry. Deere through the design, manufacturing, distribution, and servicing of farm and heavy construction machinery. Archer-Daniels-Midland through the purchase, procurement, and storage of agriculture commodities, products, and ingredients. And Corteva through specialty chemicals designed for seed and crop protection. Together, this basket of agriculture stocks provides a diversified starting position if you're interested in the industry. Here's what makes each stock a great buy now.
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