Summary
- In this article, we start by assessing the agriculture bull market, which I believe continues to be underestimated due to supply tightness, geopolitical issues, high energy prices, and more.
- While recession risks are an issue, both AGCO and Deere continue to be significantly undervalued as their customer base remains in a great spot.
- Supply chain problems are persisting, yet both pricing and inflation could become tailwinds in 2023.
- I remain very bullish and see 50-60% long-term upside. I'm buying on any weakness the market may offer us.
For further details see:
Agriculture Tailwinds Offer Strong Upside For Deere And AGCO