3 Agricultural Stocks That Will Benefit from Higher Food Prices

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The rising demand for agricultural commodities requires an equivalent rise in supply to stabilize prices. Rising prices will no doubt incentivize agricultural companies to produce more. Consequently, the global agricultural equipment market is expected to grow at a 5.6% CAGR over the next three years to hit $265.90 billion by 2025.

Given this backdrop, we think the of stocks agricultural equipment and supply companies Deere & Company (DE), The Mosaic Company (NYSE:MOS), and AGCO Corporation (AGCO) should continue advancing in the coming months.

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