The other small agriculture names mentioned in my earlier piece are also off to decent starts since year-end. Mini-conglomerate PICO Holdings (PICO), which has interests in land, water and canola oil processing is up about 9% in the past month, as is Argentine farming giant Cresud (CRESY). Meanwhile, Limoneira (LMNR), the largest avocado grower in the U.S., and one of the largest lemon growers, is up about 17%.
Whether these trends will continue, remains to be seen.
At the time of publication, the author was long ALCO, PICO and LMNR.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.
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