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Performance of Publicly Traded Agricultural Companies Since 2000: Construction of the AgIndex

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  • Schnitkey, Gary D.
  • Kramer, Clayton

Abstract

The crop farming sector has been relatively profitable in the past several years, whereas the general economy has gone through a great deal of turmoil. In this research, we constructed an AgIndex, which tracked the stock prices of publicly traded companies dealing with agriculture performed since 2000. As a group, the market values of publicly traded firms within the AgIndex exceeded those of Standard & Poors 500 (S&P 500) since 2000. Returns were higher for agricultural firms compared with S&P 500 firms. Performance varied across agricultural sectors with fertilizer and seed companies performing the best.

Suggested Citation

  • Schnitkey, Gary D. & Kramer, Clayton, 2012. "Performance of Publicly Traded Agricultural Companies Since 2000: Construction of the AgIndex," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(3), pages 1-11, August.
    • Handle: RePEc:ags:joaaec:130275
    DOI: 10.22004/ag.econ.130275
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    References listed on IDEAS

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    1. Baker, Allen & Zahniser, Steven, 2007. "Ethanol Reshapes the Corn Market," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, pages 1-6, May.
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    Cited by:

    1. Epperson, J. E. & Escalante, C. L., 2013. "The Effect of the Eurozone Crisis on U.S. Food Companies," Journal of Food Distribution Research, Food Distribution Research Society, vol. 44(1), pages 1-8, March.
    2. Brorsen, B. Wade, 2012. "Discussion: Agricultural Commodities and Agribusiness Stocks as Financial Assets," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(3), pages 1-3, August.
    3. Songjiao Chen & William W. Wilson & Ryan Larsen & Bruce Dahl, 2015. "Investing in Agriculture as an Asset Class," Agribusiness, John Wiley & Sons, Ltd., vol. 31(3), pages 353-371, June.
    4. Deák, Zsuzsanna & Karali, Berna, 2014. "Stock Market Reactions to Environmental News in the Food Industry," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 46(2), pages 209-225, May.

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    More about this item

    Keywords

    Marketing;

    JEL classification:

    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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