15 Most Profitable Crops in the World

Insider Monkey2023-06-27

In this piece, we will take a look at the 15 most profitable crops in the world. If you want to skip our analysis of the global food industry and stocks of food companies in general, head on over to 5...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2346956855?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/DsHDLk9tAJU4_U_seUVdqQ--~B/aD0xMjgwO3c9MTkyMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/insidermonkey.com/ea247d7638536c7adf283068c0ac4aae","is_english":true,"pubTime":"2023-06-27 21:14","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2346956855","market":"us","top_or_hot":-1,"title":"15 Most Profitable Crops in the World","media":"Insider Monkey","content":"<div>\n<p>In this piece, we will take a look at the 15 most profitable crops in the world. If you want to skip our analysis of the global food industry and stocks of food companies in general, head on over to 5...</p>\n\n<a href=\"https://finance.yahoo.com/news/15-most-profitable-crops-world-131440258.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>15 Most Profitable Crops in the World</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n15 Most Profitable Crops in the World\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-27 21:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/15-most-profitable-crops-world-131440258.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In this piece, we will take a look at the 15 most profitable crops in the world. If you want to skip our analysis of the global food industry and stocks of food companies in general, head on over to 5...</p>\n\n<a href=\"https://finance.yahoo.com/news/15-most-profitable-crops-world-131440258.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014559.SGD","symbol_name":"United Income Focus Trust Dis SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/15-most-profitable-crops-world-131440258.html","article_id":"2346956855","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/DsHDLk9tAJU4_U_seUVdqQ--~B/aD0xMjgwO3c9MTkyMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/insidermonkey.com/ea247d7638536c7adf283068c0ac4aae"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2346956855","pubTimestamp":1687871680,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In this piece, we will take a look at the 15 most profitable crops in the world. If you want to skip our analysis of the global food industry and stocks of food companies in general, head on over to 5 Most Profitable Crops in the World.Societal progress is often marked by a country shifting its economy from the primary to the secondary and tertiary sectors. The primary sector is made of activities that utilize natural resources to earn a living. This includes agriculture, mining, and forestry among others. A shift to the secondary industry brings high value outputs to a country, and the tertiary sector is made of office workers who often produce higher margin outputs such as software and financial services.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999014559.SGD":"United Income Focus Trust Dis SGD","HYFM":"Hydrofarm Holdings Group, Inc.","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4189":"农产品","BK4588":"碎股","BK4550":"红杉资本持仓","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","CTVA":"Corteva, Inc.","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","BK4535":"淡马锡持仓","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4581":"高盛持仓","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4093":"化肥与农用药剂","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","BK4152":"农用农业机械","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4504":"桥水持仓","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","SMG":"Scotts Miracle-Gro Company","MDLZ":"亿滋","MOS":"美国美盛","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","BK4212":"包装食品与肉类","ADM":"阿彻丹尼尔斯米德兰公司","KO":"可口可乐","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4585":"ETF&股票定投概念","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","MCD":"麦当劳","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4177":"软饮料","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓"},"translate_title":"世界上15种最有利可图的作物","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APPH":1,"SMG":1,"MOS":1,"MDLZ":1,"MCD":1,"KO":1,"HYFM":1,"CTVA":1,"ADM":0.9},"content_text":"In this piece, we will take a look at the 15 most profitable crops in the world. If you want to skip our analysis of the global food industry and stocks of food companies in general, head on over to 5 Most Profitable Crops in the World. \nSocietal progress is often marked by a country shifting its economy from the primary to the secondary and tertiary sectors. The primary sector is made of activities that utilize natural resources to earn a living. This includes agriculture, mining, and forestry among others. A shift to the secondary industry brings high value outputs to a country, and the tertiary sector is made of office workers who often produce higher margin outputs such as software and financial services.\nHowever, just because farming might make someone less money doesn't mean it's going to go away. After all, no matter how many computers humans build, we still need to eat food. Simply put, one cannot eat a computer or the Internet. And so, the farming industry continues to prosper and tick along, helped by advances in technology that makes crops safer and more profitable. And the ubiquitous demand for food makes the industry worth trillions of dollars. According to data, the global food industry should be worth a whopping $9.43 trillion by the end of this year and is expected to grow at a compounded annual growth rate (CAGR) of 6.27% between 2023 and 2027.\nThis growth is unsurprising given that global caloric consumption has grown over the past years and will continue to grow in the future as well. Data from the United Nations' Food and Agriculture Organization (FAO) shows that from the 2,789 kilocalories that it stood at in 2000, global caloric consumption is slated to sit at 3,139 kilocalories by 2050 to mark a 12% growth.\nAt the same time, not all crops are equally profitable. While some crops, such as corn and wheat are grown primarily for food, others are grown for profit. These crops are called cash crops, and the list of cash crops varies by country. In America, some cash crops grown are oranges, corn, and soybeans. In fact, America is one of the biggest producers and exporters of corn, and it produced 360 million tons in 2020. This accounted for a significant portion of global corn production, with global corn production in the next year (2021) sitting at 1.1 billion tons.\nThe immutable global need for food has also led to some of the biggest companies in the world also being food companies. Some food stocks that belong to firms ranking high in the list of the world's biggest companies are The Coca-Cola Company (NYSE:KO), PepsiCo, Inc. (NYSE:PEP), McDonald's Corporation (NYSE:MCD), and Mondelez International, Inc. (NASDAQ:MDLZ). And, contrary to the popular belief of being less profitable the bigger you get, these firms are also more profitable than the industry average. McDonald's has a profit margin of 26% while Coca-Cola has a profit margin of 22% - both of which are higher than the industry averages of 9% and 14.6%, respectively.\nJust as a small business is unlikely to grow into the next McDonald's, growing different kinds of crops have different requirements. And there are a variety of crops that beginning farmers can grow to ensure that their inputs and time yield favorable results that might even lead to some money flowing in. Some of the best cash crops that beginning and small farmers can grow include bamboo, mushrooms, garlic, and even Christmas trees!\nApart from food companies, agribusiness and farming companies are also quite big. Some of the top agricultural companies, such as The Mosaic Company (NYSE:MOS), Corteva, Inc. (NYSE:CTVA), and Archer-Daniels-Midland Company (NYSE:ADM) have market capitalization going in the billions of dollars. And, the biggest agricultural businesses in terms of revenue often rake in hundreds and billions of dollars each year in the form of net sales.\nAt the same time, technology has also made an impact on the farming industry. One new trend is what is called vertical farming.  As the name suggests, this involves growing crops on vertical plans to squeeze out more yield per acreage. The U.S. government is investing millions of dollars to support innovation in agriculture, and the corporate world is already picking up the mantle. If you are interested in vertical farming, then some of the best stocks are are favored by hedge funds are The Scotts Miracle-Gro Company (NYSE:SMG), Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM), and AppHarvest, Inc. (NASDAQ:APPH).\nFinally, while the U.S. might lead the world in corn production, it isn't the world's biggest food producer per capita. In fact, the top five food producing countries per capita are Brazil, Paraguay, Australia, Argentina, and Ukraine.\nFinally, worries about inflation and recession are causing concern for nearly every industry in the economy. On this front, here's what the management of Archer-Daniels had to say during the firm's latest earnings call conference:\n\nBefore we wrap up today, I wanted to share some insights into how we’re thinking about the remainder of 2023 and how we are positioning the company to take on the next phase of opportunities. We are confident that ADM will be able to deliver on our plans for 2023 despite some pockets of soft demand. Supply and demand shift are allowing ADM to flex our integrated value chain, in support of another strong year of results. We continue to advance partnership agreements with major players across multiple industries from regenerative agriculture to alternative proteins, to sustainable fuels, to plant-based industrial and personal care products. All of these partnerships are supporting ADM as we evolve at pace with the external environment to capture new growth opportunities.\nWe see accelerated upsides emerging from product areas like biosolutions expected to grow at double-digit rates again this year. We have significant production capacity coming online within the year across our three businesses to support continued demand growth. And we’re driving forward the broad-based decarbonization agenda in our Decatur complex, which is unlocking both near-term and long-range value for our customers across multiple industries. With a combination of solid business performance in the core business, along with the strong growth opportunities across our value chain, we expect that we will be able to deliver between $6 to $7 in earnings per share in 2023 and based on the strength of our balance sheet and cash position, we continue to pursue opportunities to deliver both near-term value to shareholders while positioning ADM for its next phase of growth.\n\nWith these details in mind, let's take a look at the most profitable crops in the world.\n Photo by \nCDC on \nUnsplash\nOur Methodology \nTo compile our list of the most profitable crops, we used the UN's Food and Agriculture Organization's (FAO) data to calculate the value per acre of 155 crops. Out of these, the top 15 most profitable crops in the world were chosen for this list.\n15 Most Profitable Crops in the World\n15. Watermelons\nGross Production Value Per Acre: $5,776\nWatermelon is the fruit for the summer. It is one of the best sources of water on a hot day and helps keep people hydrated. Growing watermelons requires slightly alkaline or neutral soil with moderate temperatures. A beehive is also recommended to make sure that pests do not destroy or damage the crop.\n14. Peaches and Nectarines\nGross Production Value Per Acre: $5,805\nPeaches and Nectarines are almost the same food, with the only main difference between the two being that the former has the characteristic fuzzy skin while the skin of a nectarine is smooth. They are grown from trees, so first time growers will have to wait for the tree to fully grow before it produces the fruit.\n13. Pomelos and Grapefruits\nGross Production Value Per Acre: $5,825\nGrapefruit is the cross breed of a pomelo with an orange. Like peaches, it is also grown on trees, and is known for its sweet and tangy flavor.\n12. Chilies and peppers, green\nGross Production Value Per Acre: $6,186\nGreen chilies and pepper are not for the faint of heart, at least when it comes to eating them. They are also some of the rare vegetables that have seen interest from psychologists, who believe that people who consume chilies can safely experience extreme emotions in a safe environment.\n11. Green Garlic\nGross Production Value Per Acre: $6,487\nGreen garlic, despite what the name suggests, is not a special kind of garlic. Instead, its simply garlic that has not fully grown. Garlic itself is one of the most well known cash crops. Green garlic is one of the most beneficial foods for health, with high amounts of antioxidants.\n10. Blueberries\nGross Production Value Per Acre: $6,683\nBlueberries are one of the few super foods, proponents of which claim that they can help with the immune system, diabetes, and overall health. They are grown all over the world, and can also be plucked from the wild.\n9. Kiwifruit\nGross Production Value Per Acre: $6,850\nKiwifruit is typically grown on canes which require careful pruning to ensure fruit health and yield. China is the biggest producer, but the fruit is grown all over the world across different continents.\n8. Tomatoes\nGross Production Value Per Acre: $7,873 \nTomatoes are the soul of most dishes, lending them a characteristic red color and a distinct tangy taste. They are quite easy to grow as well and can be grown at home in pots or in gardens.\n7. Cucumbers and Gherkins\nGross Production Value Per Acre: $10,226\nCucumbers and gherkins belong to the same line of vegetables but are grown differently. The former is rather tasteless while the latter has a pickled flavor.\n6. Cranberry\nGross Production Value Per Acre: $10,364\nLarge cranberry fields are some of the best looking agriculture sites that you will come across. A vast sea of red, they are grown in areas with a shallow water table.\nClick to continue reading and see 5 Most Profitable Crops in the World.\nSuggested Articles:\n\n15 Countries That Produce the Most Solar Energy\n20 Countries with the Highest Wheat Consumption\n21 Best Selling Phones of All Time\n\nDisclosure: None. 15 Most Profitable Crops in the World is originally published on Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2346956855"}