FTAG - VanEck Vectors Agribusiness ETF: Crop Disruptions Make This Agribusiness ETF A Buy
Summary
- MOO is a 'pick and shovels' agribusiness ETF specializing in suppliers, not commodity prices, and has retreated alongside food prices.
- Yet the risk of potential crop disruption remains high from widespread droughts in Europe and China, to a failure of the Ukraine Black Sea deal.
- Climate change is moving optimal growing conditions to new regions but investment will be required to realize those opportunities.
- MOO is a buy due to ongoing investment and demand in agribusiness.
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VanEck Vectors Agribusiness ETF: Crop Disruptions Make This Agribusiness ETF A Buy