CNBC’s Jim Cramer on Tuesday offered a list of five agriculture stocks he believes investors should consider purchasing.
The Russia-Ukraine war has caused agriculture to rally significantly, and “given that Russia and Ukraine account for roughly a third of the world’s wheat production, there’s a real possibility that we could be looking at a global food shortage as this drags on,” the “Mad Money” host said.
“I think the best approach to the bull market in agriculture is by betting on a basket of ag-related stocks, because when farmers make a lot of money, they pour it into seeds, equipment and fertilizer,”[ads1]; he added.
Cramer said that while investors do not have to own the full basket of agriculture stock picks, these five are great options:
“I think they’re winners, and if they go down, buy even more,” Cramer said.
He also offered a short list of fertilizer companies that could be investable, though he said they are riskier to own than the agriculture stocks he listed.
Here is the list of fertilizer companies:
- CF Industries
“If you want to bet on the fertilizers, recognize that this is a short-term trade, not an investment, so be ready to ring the register quickly on the way up and prepare to cut your losses,” Cramer said.
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