Which 3 NZX agriculture stocks have a decent one-year yield?

Highlights 

• New Zealand's agriculture sector is the nation's largest industry, making a significant contribution to its GDP.
• Allied Farmers anticipates HY22 NPBT to be between NZ$1.0 million and NZ$1.2 million.
• Seeka clears the first hurdle, i.e, completes due diligence towards the amalgamation of New Zealand Fruits Limited.

New Zealand is known for its world-class agricultural products, including fruits, vegetables, and forestry, thereby making use of highly advanced and latest technology and equipment.

As per reports, the agriculture industry creates over 83K jobs across the country and contributes about NZ$12 billion towards the nation’s GDP.

That said, let us look at the three most popular NZX-listed agriculture stocks boasting a decent one-year yield.

Source: © 2022 Kalkine Media® data source- EODHD/Others

Allied Farmers Limited (NZX:ALF)

Allied Farmers Limited operates as a rural service and finance group. Recently, it has provided a market update anticipating an NPBT between NZ$1.0 million and NZ$1.2 million for HY22, underpinned by considerable improvement in veal processing returns and a half-year contribution from NZFL.

Related Read: Which 2 NZX agriculture stocks have high YTD yield?

Further, the Company has stated that unlike the first-half profits for the second half of the year would be significantly influenced by livestock trading and herd sale activity. The company has refrained from forecasting FY22 profits as of now.

On 13 January, at the closing bell, Allied Farmers gained by 1.14% at NZ$0.890.

Scales Corporation Limited (NZX:SCL)

New Zealand’s famous diversified agribusiness is Scales Corporation Limited. A few days back, the Company revealed the appointment of a new non-executive director, Qi Xin.

Do Read: Which are 3 NZX dividend stocks to be considered for 2022?

Also, at the same time, it had announced the resignation of one of its directors, Sun Qiang, from the Board.

On 13 January, at the closing bell, Scales Corporation declined by 2.06% at NZ$5.220.

Seeka Limited (NZX:SEK)

Focusing on packhouses and orchards, Seeka Limited is NZ’s other prominent agriculture-based company. Last month, it had disclosed the completion of due diligence towards the amalgamation of New Zealand Fruits Limited.

The said amalgamation would expand SEK’s service offerings and significantly accelerate the Company’s growth.

On 13 January, at the closing bell, Seeka fell by 0.38% at NZ$5.280.

Bottom Line

The Kiwi nation’s agriculture sector has cemented itself as a key contributor towards the country's GDP and supplies top-quality produce across both the domestic as well as international markets.