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Performance of Publicly Traded Agricultural Companies Since2000: Construction of the Aglndex

Published online by Cambridge University Press:  26 January 2015

Gary Schnitkey  and
Clayton Kramer
Gary Schnitkey
Affiliation:
Department of Agricultural and Consumer Economics, University of Illinois, Urbana, Illinois
Clayton Kramer
Affiliation:
Department of Agricultural and Consumer Economics, University of Illinois, Urbana, Illinois
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Extract

The crop farming sector has been relatively profitable in the past severalyears, whereas the general economy has gone through a great deal of turmoil.In this research, we constructed an Aglndex, which tracked the stock pricesof publicly traded companies dealing with agriculture performed since 2000.As a group, the market values of publicly traded firms within the Aglndexexceeded those of Standard & Poors 500 (S&P 500) since 2000. Returnswere higher for agricultural firms compared with S&P 500 firms.Performance varied across agricultural sectors with fertilizer and seedcompanies performing the best.

Keywords

agricultural performanceAglndexpublicly tradedreturnsR51
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 44 , Issue 3 , August 2012 , pp. 359 - 369
Copyright
Copyright © Southern Agricultural Economics Association 2012

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