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.
Jonathan Heller, CFA, is president of KEJ Financial Advisors, his fee-only financial planning company. Jon spent 17 years at Bloomberg Financial Markets in various roles, from 1989 until 2005. He ran Bloomberg's Equity Fundamental Research Department from 1994 until 1998, when he assumed responsibility for Bloomberg's Equity Data Research Department. In 2001, he joined Bloomberg's Publishing group as senior markets editor and writer for Bloomberg Personal Finance Magazine, and an associate editor and contributor for Bloomberg Markets Magazine. In 2005, he joined SEI Investments as director of investment communications within SEI's Investment Management Unit.

Jon is also the founder of the Cheap Stocks Web site, a site dedicated to deep-value investing. He has an undergraduate degree from Grove City College and an MBA from Rider University, where he has also served on the adjunct faculty; he is also a CFA charter holder.

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