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Highlights
- February 22 is celebrated as Agriculture Day in Canada, a day when people all over the country come together to connect with the food and agriculture industry.
- As the day began, many Canadians have already taken to social media to share their passion for food and agriculture using the trending #CdnAgDAy.
- On the other hand, investors can also express their support or interest in the industry by exploring some agriculture-related stocks like Ag Growth (AFN) and Farmers Edge (FDGE).
February 22 is celebrated as Agriculture Day in Canada, a day when people all over the country come together to connect with the food and agriculture industry.
As the day began, many Canadians have already taken to social media to share their passion for food and agriculture using the trending #CdnAgDAy.
On the other hand, investors can also express their support or interest in the industry by exploring some agriculture-related stocks like Ag Growth (AFN) and Farmers Edge (FDGE).
Also read: Cenovus (CVE) & WCN: 2 TSX non-tech growth stocks to buy
AG Growth International Inc (TSX: AFN)
AG Growth, on January 4, said that it completed the acquisition of Eastern Fabricators, a North American company that provides stainless steel equipment and systems to food processors worldwide.
The Winnipeg, Manitoba-headquartered company believes that this strategic acquisition of Eastern Fabricators will provide "strong" revenue synergies integrated with the Food Platform.
The agriculture technology company saw its third-quarter trade sales jump by 11 per cent year-over-year (YoY) to C$ 313.85 million in 2021.
Stocks of Ag Growth galloped by nearly 32 per cent in the last six months.
AFN stock climbed by almost two per cent on Friday, February 18, to close higher at C$ 38.20 apiece.
Farmers Edge Inc (TSX:FDGE)
On February 8, Farmers Edge Inc announced forming a wholly-owned subsidiary named DigiAg Risk Management (US), LLC to develop crop protection solutions and insurance coverage options to protect farmers' interests from any potential risk.
On February 9, Farmers Edge said it inked an agreement wherein its digital agriculture platform, FarmCommand ® users, will integrate agricultural information with John Deere Operation CenterTM. This data integration will help its platform users make critical management decisions to increase profitability.
Stocks of Farmers Edge gained by over 38 per cent month-to-date.
FDGE stock closed at C$ 3.78 apiece on Friday, after hitting a day high of C$ 4.03.
Also read: DOL & ATZ: 2 TSX stocks to bag as retail sales expected to grow in Jan
Bottomline
The concept of celebrating an official Agriculture Day was introduced to remind people of the importance of the agriculture and food industry and draw more support for agricultural producers and key players in the space.
Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
