Rural Stock Prices Doing Well

With John Deere’s stock price (DE– $56.22) posting healthy gains in the last few weeks, the rural focused website DailyYonder decided to take a closer look at 40 leading ‘rural’ stocks and see how the segment is faring in a recovering economy. What writer Bill Bishop found out was that…

“Since the beginning of 2009, the Yonder 40 is up over 42%, slightly better than the NASDAQ and nearly double the increase in both the Dow and the S&P 500…

Deere is up nearly 15% since the beginning of February and, indeed, many ag-related stocks are doing well in 2010. Andersons is up more than 17% this month. Andersons produces ethanol and fertilizer.

Meat producers are all doing well so far this year. Hormel — the maker of Spam and Dinty Moore Beef Stew — saw its first quarter earnings rise 37% and its stock is up more than 7% in February.

Smithfield Foods is up more than 12% this month alone and Tyson, the chicken producer, has risen more than 22%.”

The story is an interesting take on ‘corporate’ rural america and reflects other projections that the ag economy is well positioned well to begin exiting the recession at or above the speed of the national economy.

(Image: DailyYonder)

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