The coronavirus pandemic saga is about to end as the health companies have started to roll out the vaccine. The previous year witnessed economic chaos and havoc. The global economies were shattered. Millions of people were rendered jobless while hundreds and thousands lost their lives. Things are likely to gain little momentum during the first quarter of the current year. But global economic analysts are of the view that it will not be before the year 2024 that economic activities will reach the pre-COVID-19 level. So, it means things will be slow during the current year. Based on assumptions, investors are eager to invest in high-tech stocks as the current situation is supporting technology-backed startups. In this context, the agricultural industry is a promising area where investors can rely on. When it comes to this sector, not too much agricultural stocks have been listed or being traded. To review the best agricultural stocks to buy during 2021, our in-house team examined various agriculture technology stocks and we prepared a list of Top 5 Agricultural Technology Stocks for 2021 in this article for our readers as shared by Insider Monkey. The research will greatly help the investors.
One of the best stocks to buy is of Bunge Ltd. It is a renowned company, involved in agribusiness. The core business of the company involves sale, acquisition, strong, transportation and processing of grains. During the fourth quarter, the company decided to sell its refinery in Rotterdam to Nestle Corporation for a whooping 285 million euros. It is a cash deal which is likely to close during the first quarter of current year. Once the deal closes, the refinery will be leased to Nestle in a smooth transition. The transition period will complete by the year 2024. Another company is Ecolab which is engaged globally in specialty and life sciences trade. Most of the company’s revenue comes from the company’s paper, food, beverage, and water businesses. Ecolab also has a minor textile and pest control unit. The revenue from this sector is not more than 10% of the company’s total revenue. Bill & Melinda Gates Foundation Trust was the largest investor in the company with around $872.6 million shares till end of September 2020. Cantillon Capital Management held $440.20 million shares in Ecolab. You can read more about other agricultural technology stocks on a Yahoo article, 10 Best Agriculture Technology Stocks To Buy Now.
