The agriculture industry is witnessing significant growth and expansion driven by a rising global population, increased adoption of sustainable practices, and advanced technologies. This growth presents promising investment opportunities in fundamentally strong agri-tech stocks such as Nutrien (NTR), ICL Group (ICL), and Dole (DOLE).

With the global population on the rise and technological advancements reshaping the agricultural landscape, the sector is poised for substantial growth in the coming years. Agricultural progress plays a crucial role in eradicating poverty, promoting shared prosperity, and meeting the food needs of an estimated 10 billion people by 2050.

Let’s explore the investment potential of three robust agriculture stocks – Nutrien Ltd. (NTR), ICL Group Ltd (ICL), and Dole plc (DOLE).

The agriculture market has undergone a significant transformation in recent times, with a focus on vertical farming, precision agriculture, smart irrigation, and technological innovations. The increasing demand for sustainable and eco-friendly farming practices continues to drive the industry forward.

According to a report by MarketsandMarkets, the global agriculture market is projected to grow from $81.50 billion in 2023 to $94.30 billion by 2024, representing a year-over-year increase of 15.7%. This growth is fueled by the automation of commercial greenhouses and the adoption of controlled environment agriculture, leveraging technologies like AI, IoT, and machine learning.

The U.S. smart agriculture market is expected to grow at a CAGR of 10.4% from 2024 to 2030, driven by advancements in AI and robotics. The AI market in agriculture is forecasted to reach $5.76 billion by 2029, with innovations such as driverless tractors and AI-driven crop yield optimization.

Considering the positive economic outlook, let’s delve into the fundamentals of the top three agriculture stocks, starting with Nutrien Ltd. (NTR).

Stock #1: Nutrien Ltd. (NTR)

Based in Saskatoon, Canada, Nutrien is a leading provider of crop inputs and services, operating through segments like Retail, Potash, Nitrogen, and Phosphate. The company plays a vital role in supporting agricultural productivity and sustainability.