NEW YORK ( TheStreet) -- Potash ( POT), Syngenta ( SYT), Archer Daniels Midland ( ADM), CF Industries Holdings ( CF) and Deere & Company ( DE) are five agriculture stocks with potential upside of 8%-21%. Being analysts' favorites, these stocks have no sell ratings.

The agriculture industry is the talk of the street since a few months now, as global food demand has elevated to historic highs. The beneficiaries of this trend include the farming industry, equipment suppliers, fertilizer and pesticide companies and other service providers.

Moreover, weather-related production shocks in major food exporting countries have triggered this crisis. On the demand side, rising income levels and a growing middle-class in emerging markets like China and India are pushing food demand further.

With the world facing tight supply conditions for milling-quality wheat, as Australian wheat production has downgraded and European supply is offline, the U.S. is now the best source for milling-quality wheat to meet increasing demand from North America and the Middle East. To benefit ethanol producers, the U.S. government has extended its 45 cents per gallon tax credit by a year.

Potash Corporation of Saskatchewan ( POT) is an integrated fertilizer and related industrial and feed producer. The company owns and operates five potash mines in Saskatchewan and one in New Brunswick. Besides, it also owns a phosphate mine, two mineral processing plants and a few nitrogen facilities.

Of the 27 analysts covering the stock, 63% recommend a buy while the remaining rate a hold. There are no sell ratings. On average, analysts estimate a 6.3% upside from current levels.

For the latest fourth quarter, the company reported earnings of $482.3 million, or $1.61 per diluted share, as compared to $239.2 million, or 79 cents per share, during the same quarter a year-ago. Meanwhile, sales for the quarter rose $1.8 billion from $1.1 billion in the corresponding period a year ago. For 2011, the company guides earnings per share between $2.8 and $3.2, after considering the planned three-for-one stock split.

Looking ahead to 2011, Potash Corp estimates record potash shipments of 9.5-10 million tonnes, primarily driven by demand from Latin America, China and India, as farmers look to improve their crops. The company's CEO commented that potash prices are seen rising throughout the year, in light of a tightening market. For full-year 2011, capital expenditure is expected at around $2 billion.

Syngenta ( SYT) is an agri-business operating in three segments -- crop protection, seeds, and business development. The company is engaged in the discovery, development, manufacture and marketing of a range of products designed to improve crop productivity and food quality.

Of the 6 analysts covering the stock, 50% recommend a buy while the remaining rate a hold. There are no sell ratings. On average, analysts estimate a 13.4% upside from current levels.

For 2010, Syngenta's net sales were up 6% to $11.64 billion, compared to the year-ago period, on expanding market share. In dollar terms, dividend increased by 32% with record free cash flows of $1.1 billion. However, net income fell 1% to $1.4 billion, or $16.44 per share, from the year-ago period. During the past three years, Syngenta's bottom-line expanded at the rate of 8% per annum, much higher compared to close competitors like Dow Chemical ( DOW) with growth at negative 7.2% and Monsanto ( MON) at negative 0.7%.

Looking ahead, the company is committed to spending an annual $1 billion on research and development. Syngenta recently announced its decision to integrate its crop protection and seeds business, improving its operations. The company's CEO said that these plans have been under discussion for three years now. Meanwhile, in 2011, the company is planning a share repurchase program worth $200 million, which will generate total cash returns of around $850 million.

Capitalizing on the current systems investment and after it integrates supply chain activities across the crop production and seeds business, the company expects to generate $300 million in savings. Additionally, $150 million is seen arising in savings from integrated organization structure and $200 million from improved efficiency in procurement activities.

Archer Daniels Midland's ( ADM) business can be classified into three segments: oilseeds processing, corn processing and agricultural services. The company has a huge network of more than 560 processing and sourcing facilities and 27,000 vehicles operating across the Americas, Europe and Asia for transporting agricultural commodities.

Of the 13 analysts covering the stock, 77% recommend a buy, while the remaining rate a hold. There are no sell ratings. On average, analysts estimate a 14.3% upside from current levels.

For the second quarter ending Dec. 31, 2010, Archer recorded a 29% surge in net profit to $732 million, or $1.14 per share, driven largely by a recovery in the ethanol industry and rising demand for grains. Meanwhile, revenue escalated 32% to $20.93 billion.

Archer, a dividend growth stock, recently raised its quarterly cash dividend by 6.7% to 16 cents per share, indicating 36th consecutive annual dividend increase. With a dividend yield of 1.8%, the company has managed to increase its distribution by 12.6% every year during the past decade.

Looking ahead to 2011, Archer has finalized contracts for corn sweetener shipments, which will see prices rising by 25%, further boosting margins for corn sweetener operations. Besides its strong market presence in the U.S., the company forecasts robust demand from Mexico, as the country sometimes imports high-fructose corn syrup and ships higher-priced sugar back to the U.S. In 2010, corn sweetener shipments to Mexico surged by 90% to 1.5 million tonnes.

CF Industries Holdings ( CF) is engaged in the manufacture and distribution of nitrogen and phosphate-based fertilizer products in North America. The company's major customers include cooperatives and independent fertilizer distributors.

Of the 17 analysts covering the stock, 58.8% recommend a buy while the remaining rate a hold. There are no sell ratings. On average, analysts estimate a 18.5% upside from current levels.

For the latest fourth quarter, the company recorded earnings per share of $2.78, compared to $1.04 during the same quarter a year ago. Net sales surged 144% to $1.2 billion from $506.7 million a year ago. Fourth quarter results reflect the benefit of acquiring Terra Industries in April 2010, a higher selling price for phosphate and larger nitrogen volumes. For 2010, the company's net sales grew 52%, including $1.4 billion sales contribution from Terra Industries and expanding volumes.

Looking ahead, the company expects farmers in the U.S. to plant 92 million acres of corn in 2011, compared to 88.2 million in the prior year. CF's strong outlook for agriculture has boosted fertilizer producers. The company recently declared a dividend of 10 cents per share, payable March 1, 2011.

Deere & Company ( DE), operating through its subsidiary John Deere, is involved in three segments: agriculture and turf, construction and forestry, and credit. Of the 20 analysts covering the stock, 75% recommend a buy while the remaining rate a hold. There are no sell ratings. On average, analysts estimate a 21.4% upside from current levels.

For its fiscal year that ended on Oct. 31, 2010, the company reported net earnings of $1.87 billion, or $4.35 per share, an increase of 113% from 2009. Meanwhile, total revenue for the year stood at $26 billion. For the first quarter of 2011, Deere reported a profit of $513.7 million, or $1.20 per share, compared to $243.2 million, or $57 cents per share in the year ago period. Revenue escalated 27% to $6.12 billion.

The company's recently announced global projects are likely to expand its global footprint. In mid-January, Deere invested $100 million to build a new factory in India, while in December it announced plans to invest $50 million to build a new factory to manufacture construction equipment to be sold in China and other export markets. During April 2010, the company inaugurated a new $50 million manufacturing and parts distribution facility in South Moscow.

Looking ahead, Deere aims to double its annual sales to $50 billion by 2018, fueled by its agricultural and construction equipment. Additionally, led by equipment sales growth of 18%-20%, Deere raised its full-year 2011 net income guidance to approximately around $2.5 billion, topping the old estimate of $2.1 billion and breezing past analysts' estimate of $2.3 billion. The company plans to capture Agco ( AGCO) market leading share in South America with a new lineup of machinery for the region.

The company's board of directors recently announced a regular quarterly dividend of 35 cents per share, payable on Mar. 2, 2011. Currently, the stock has a dividend yield of 1.6%.

>To see these stocks in action, visit the 5 Agriculture Stocks With No Sell Ratings portfolio on Stockpickr.
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