Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Farm Products Stocks

Farm Products: Archer-Daniels-Midland Company owns the largest revenue base; Bunge Global SA has the fastest current growth.

The industry itself · before any single company

How has Farm Products moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 26% behind S&P 500. Earnings across its companies fell 60% on average over the last four reported quarters.

BASING · +2 joinedPrice down, no fundamental support2 of 12 companies ahead of S&P 500 by 5% or more over three months

RS — · 6/12 >200d (+2) · 2/12 lead (+2) · EPS 3/12↑

200300202620252024202320222021 273348 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingJun 2022 · trailing 12-month earnings per share at 96, against 100 at the start · no comparable year yet · 6 reportingSep 2022 · trailing 12-month earnings per share at 86, against 100 at the start · no comparable year yet · 6 reportingDec 2022 · trailing 12-month earnings per share at 63, against 100 at the start · no comparable year yet · 7 reportingMar 2023 · trailing 12-month earnings per share at 39, against 100 at the start · down 60.8% on a year ago · 5 reportingJun 2023 · trailing 12-month earnings per share at 49, against 100 at the start · down 44.8% on a year ago · 6 reportingSep 2023 · trailing 12-month earnings per share at 40, against 100 at the start · down 6.4% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 96, against 100 at the start · up 42.9% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 80, against 100 at the start · up 17.2% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 53, against 100 at the start · down 34.3% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 53, against 100 at the start · down 11.4% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 42, against 100 at the start · down 43.6% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 33, against 100 at the start · down 43.7% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 21, against 100 at the start · down 68.4% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 14, against 100 at the start · down 62.9% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 3, against 100 at the start · down 59.8% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 6, against 100 at the start · down 50.4% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or two6 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
200300202620252024202320222021 273348 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingJun 2022 · trailing 12-month earnings per share at 96, against 100 at the start · no comparable year yet · 6 reportingSep 2022 · trailing 12-month earnings per share at 86, against 100 at the start · no comparable year yet · 6 reportingDec 2022 · trailing 12-month earnings per share at 63, against 100 at the start · no comparable year yet · 7 reportingMar 2023 · trailing 12-month earnings per share at 39, against 100 at the start · down 60.8% on a year ago · 5 reportingJun 2023 · trailing 12-month earnings per share at 49, against 100 at the start · down 44.8% on a year ago · 6 reportingSep 2023 · trailing 12-month earnings per share at 40, against 100 at the start · down 6.4% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 96, against 100 at the start · up 42.9% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 80, against 100 at the start · up 17.2% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 53, against 100 at the start · down 34.3% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 53, against 100 at the start · down 11.4% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 42, against 100 at the start · down 43.6% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 33, against 100 at the start · down 43.7% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 21, against 100 at the start · down 68.4% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 14, against 100 at the start · down 62.9% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 3, against 100 at the start · down 59.8% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 6, against 100 at the start · down 50.4% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or two6No earnings on file this far back — the price series reaches further than the filings do
Farm Products, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together2 of 12 stocks moving
Fresh2 crossed in the last 4 weeks
Backed by scoresmovers score +9 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/3+1
Mid 1/4+1
Small 0/50

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 12 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Farm Products outperforming S&P 500?

Farm Products has underperformed S&P 500 by 4.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 5.6%. 3 of 12 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Archer-Daniels-Midland Company is the strongest against the sector itself at +21.6%.

-5.6%Sector vs S&P 500 · 13 weeks
-4.3%Sector vs S&P 500 · 52 weeks
3/12Stocks leading S&P 500
7/12Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Farm Products has underperformed S&P 500 by 4.3% over 52 weeks and 5.6% over 13 weeks. 3 of 12 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 12 beat the sector itself. Archer-Daniels-Midland Company leads with revenue of $80,584 million, based on 10 of 12 comparable companies through Mar 2026.

Is the Farm Products sector outperforming S&P 500?

Farm Products has underperformed S&P 500 by 4.3% over 52 weeks and 5.6% over 13 weeks. 3 of 12 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 12 beat the sector itself.

Which Farm Products company is largest by revenue?

Archer-Daniels-Midland Company leads with revenue of $80,584 million, based on 10 of 12 comparable companies through Mar 2026.

Which Farm Products company is growing fastest?

Bunge Global SA has the fastest current revenue growth at 56.9%, across 10 of 12 comparable companies.

Which Farm Products company has the strongest 4-Factor Sector Score?

Archer-Daniels-Midland Company ranks first at 65.3/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Farm Products company reports the most CAPEX?

Bunge Global SA reports the largest latest CAPEX at $336 million, with 12 of 12 companies comparable.

Which Farm Products company has the least gross debt?

Cal-Maine Foods, Inc. has the lowest comparable gross debt at $0 million. Bunge Global SA has the highest at $16,189 million.

Which Farm Products company has the lowest comparable PEG?

Dole plc has the lowest comparable Guarded PEG at 0.22, among 5 of 12 companies that pass the metric’s comparability rules.

How much history does this Farm Products comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
12
complete canonical membership
Combined market value
$93.6B
Archer-Daniels-Midland Company
Revenue growing
5/10
positive TTM year-on-year growth
Beating S&P 500
3/12
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Archer-Daniels-Midland Company has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
Cal-Maine Foods, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Archer-Daniels-Midland Company · ADM

65.3/100 · Favorable setup · 82% evidence

Exact sum: 18.1 + 13.8 + 13.4 + 20 = 65.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.1/35Growth & earnings

Revenue -3.9% · PAT -19.8% · OPM change 0.5 pp

83% evidence

13.8/25Capital efficiency

ROCE 1% · debt/equity 0.46×

80% evidence

13.4/20Valuation

P/E 32.6× · PEG 0.52

65% evidence

20.0/20Relative strength

RS sector 21.6% · RS bench 14.3% · 1Y 54.5%

100% evidence

2. Bunge Global SA · BG

55.1/100 · Mixed-positive evidence · 82% evidence

Exact sum: 17.4 + 11.6 + 13.3 + 12.8 = 55.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.4/35Growth & earnings

Revenue 56.9% · PAT -50.8% · OPM change -0.8 pp

83% evidence

11.6/25Capital efficiency

ROCE 1% · debt/equity 0.93×

80% evidence

13.3/20Valuation

P/E 29.5× · PEG 0.58

65% evidence

12.8/20Relative strength

RS sector 9.9% · RS bench 3% · 1Y 50.5%

100% evidence

3. Village Farms International, Inc. · VFF

54.1/100 · Thin evidence · provisional · 59% evidence

Exact sum: 21.7 + 17.1 + 11.5 + 3.8 = 54.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

21.7/35Growth & earnings

Revenue 17% · PAT — · OPM change 0.9 pp

62% evidence

17.1/25Capital efficiency

ROCE 10.9% · debt/equity 0.13×

80% evidence

11.5/20Valuation

P/E 8.1× · PEG —

15% evidence

3.8/20Relative strength

RS sector -29.6% · RS bench -34.6% · 1Y 33.1%

70% evidence

4. Tyson Foods, Inc. · TSN

53.9/100 · Mixed-positive evidence · 72% evidence

Exact sum: 19 + 14.5 + 9.1 + 11.3 = 53.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.0/35Growth & earnings

Revenue 3.9% · PAT -48.8% · OPM change 2.4 pp

83% evidence

14.5/25Capital efficiency

ROCE 1.4% · debt/equity 0.44×

80% evidence

9.1/20Valuation

P/E 49.9× · PEG —

15% evidence

11.3/20Relative strength

RS sector 3.1% · RS bench -3.6% · 1Y 16.5%

100% evidence

5. Cal-Maine Foods, Inc. · CALM

52.7/100 · Thin evidence · provisional · 59% evidence

Exact sum: 11.9 + 13.1 + 11.2 + 16.5 = 52.7

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

11.9/35Growth & earnings

Revenue — · PAT — · OPM change -39.4 pp

45% evidence

13.1/25Capital efficiency

ROCE -2.1% · debt/equity 0×

80% evidence

11.2/20Valuation

P/E 11.3× · PEG —

15% evidence

16.5/20Relative strength

RS sector 6.4% · RS bench -0.8% · 1Y -13.6%

100% evidence

6. Dole plc · DOLE

50.8/100 · Mixed-positive evidence · 76% evidence

Exact sum: 16.3 + 12.6 + 14.7 + 7.2 = 50.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

16.3/35Growth & earnings

Revenue 11.4% · PAT -25.4% · OPM change -0.6 pp

83% evidence

12.6/25Capital efficiency

ROCE 2.1% · debt/equity 0.88×

80% evidence

14.7/20Valuation

P/E 31.8× · PEG 0.22

65% evidence

7.2/20Relative strength

RS sector -2% · RS bench -8.5% · 1Y 1.4%

70% evidence

7. Adecoagro S.A. · AGRO

47.4/100 · Mixed-negative evidence · 76% evidence

Exact sum: 16 + 10.6 + 10.4 + 10.4 = 47.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

16.0/35Growth & earnings

Revenue -4.1% · PAT -71.9% · OPM change 4.4 pp

83% evidence

10.6/25Capital efficiency

ROCE 0.6% · debt/equity 1.16×

80% evidence

10.4/20Valuation

P/E 883.5× · PEG 0.78

65% evidence

10.4/20Relative strength

RS sector 2.4% · RS bench -4% · 1Y 14%

70% evidence

8. Alico, Inc. · ALCO

45.4/100 · Thin evidence · provisional · 59% evidence

Exact sum: 20.4 + 6.2 + 10 + 8.8 = 45.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.4/35Growth & earnings

Revenue -68% · PAT — · OPM change 704.9 pp

62% evidence

6.2/25Capital efficiency

ROCE -3.6% · debt/equity 0.79×

80% evidence

10.0/20Valuation

P/E 30.7× · PEG —

15% evidence

8.8/20Relative strength

RS sector 0.2% · RS bench -6.1% · 1Y 19.5%

70% evidence

9. Vital Farms, Inc. · VITL

40.9/100 · Mixed-negative evidence · 76% evidence

Exact sum: 15.9 + 11 + 11 + 3 = 40.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.9/35Growth & earnings

Revenue 26.6% · PAT -7.8% · OPM change -14.6 pp

83% evidence

11.0/25Capital efficiency

ROCE -0.7% · debt/equity 0.16×

80% evidence

11.0/20Valuation

P/E 12.6× · PEG 1

65% evidence

3.0/20Relative strength

RS sector -47.8% · RS bench -52% · 1Y -60.8%

70% evidence

10. BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

32.6/100 · Thin evidence · provisional · 59% evidence

Exact sum: 10.6 + 6.6 + 10.6 + 4.8 = 32.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

10.6/35Growth & earnings

Revenue -26.3% · PAT -104.5% · OPM change -16.8 pp

62% evidence

6.6/25Capital efficiency

ROCE -0.3% · debt/equity 1.63×

80% evidence

10.6/20Valuation

P/E 15.1× · PEG —

15% evidence

4.8/20Relative strength

RS sector -4.5% · RS bench -10.8% · 1Y -1.9%

70% evidence

11. Limoneira Company · LMNR

28.2/100 · Adverse evidence · 62% evidence

Exact sum: 7.3 + 6.1 + 8.8 + 6 = 28.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

7.3/35Growth & earnings

Revenue -25% · PAT — · OPM change -81.2 pp

71% evidence

6.1/25Capital efficiency

ROCE -8.1% · debt/equity 0.61×

80% evidence

8.8/20Valuation

P/E 56.2× · PEG —

15% evidence

6.0/20Relative strength

RS sector -3.4% · RS bench -9.8% · 1Y -8.6%

70% evidence

12. Forafric Global PLC · AFRI

52.2/100 · Thin evidence · provisional · 26% evidence

Exact sum: 18.1 + 9.6 + 10 + 14.5 = 52.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.1/35Growth & earnings

Revenue — · PAT — · OPM change —

9% evidence

9.6/25Capital efficiency

ROCE -0.7% · debt/equity —

34% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

14.5/20Relative strength

RS sector 6.9% · RS bench 0.2% · 1Y 35.5%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Archer-Daniels-Midland Company has the highest Revenue among the 12 Farm Products companies compared here, at $80,584 million. Bunge Global SA is next at $80,547 million. Bunge Global SA has the highest Revenue growth at 56.9%, so level and change sit with different companies. 10 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Archer-Daniels-Midland Company is the scale leader at $80,584 million, 0% ahead of Bunge Global SA. Bunge Global SA's growth is 56.9% from a $80,547 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderArcher-Daniels-Midland Company · $80,584 million
Gap0% versus #2 · Bunge Global SA
Persistence2/8 recent comparable periods
Coverage10/12 companies · 218 observations

Investor read: Archer-Daniels-Midland Company is the scale benchmark; Bunge Global SA is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Archer-Daniels-Midland Company's growth falls below Bunge Global SA's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Archer-Daniels-Midland Company ADM$80.6B
2Bunge Global SA BG$80.5B
3Tyson Foods, Inc. TSN$55.7B
4Dole plc DOLE$9.4B
5Adecoagro S.A. AGRO$1.6B
Revenue growthfastest growers
1Bunge Global SA BG57%
2Vital Farms, Inc. VITL27%
3Village Farms International, Inc. VFF17%
4Dole plc DOLE11%
5Tyson Foods, Inc. TSN3.9%
Revenue · company comparison
10/12 level · 10/12 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Bunge Global SA BG$21.9B88%Mar 2026
Archer-Daniels-Midland Company ADM$20.5B1.6%Mar 2026
Tyson Foods, Inc. TSN$13.7B4.4%Mar 2026
Dole plc DOLE$2.3B12%Mar 2026
Cal-Maine Foods, Inc. CALM$667M-53%Jun 2026
Adecoagro S.A. AGRO$419M20%Mar 2026
Vital Farms, Inc. VITL$187M15%Mar 2026
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND$165M-27%Mar 2026
Forafric Global PLC AFRI$89M-23%Dec 2025
Village Farms International, Inc. VFF$50M25%Mar 2026
Limoneira Company LMNR$24M-31%Jun 2026
Alico, Inc. ALCO$5M-72%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Adecoagro S.A. · AGRO

$395M
$376M
$290M
$415M
$429M
$36M
$307M
$432M
$411M
$238M
$316M
$451M
$479M
$387M
$350M
$393M
$354M
$433M
$419M

Alico, Inc. · ALCO

$4M
$15M
$50M
$26M
$1M
$11M
$21M
$7M
$1M
$14M
$18M
$14M
$1M
$17M
$18M
$8M
$1M
$2M
$5M

Archer-Daniels-Midland Company · ADM

$20.3B
$23.1B
$23.7B
$27.3B
$24.7B
$25.9B
$24.1B
$25.2B
$21.7B
$23.0B
$21.8B
$22.2B
$19.9B
$21.5B
$20.2B
$21.2B
$20.4B
$18.6B
$20.5B

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

$378M
$666M
$176M
$420M
$316M
$157M
$191M
$632M
$265M
$147M
$122M
$552M
$457M
$153M
$225M
$363M
$303M
$191M
$165M

Bunge Global SA · BG

$14.1B
$16.7B
$15.9B
$17.9B
$16.8B
$16.7B
$15.3B
$15.0B
$14.2B
$14.9B
$13.4B
$13.2B
$12.9B
$13.5B
$11.6B
$12.8B
$22.2B
$23.8B
$21.9B

Cal-Maine Foods, Inc. · CALM

$325M
$382M
$477M
$593M
$658M
$802M
$997M
$689M
$459M
$523M
$703M
$641M
$786M
$955M
$1.4B
$1.1B
$923M
$769M
$667M

Dole plc · DOLE

$1.9B
$2.3B
$2.0B
$2.1B
$2.0B
$2.0B
$2.0B
$2.1B
$2.0B
$2.1B
$2.1B
$2.1B
$2.1B
$2.2B
$2.1B
$2.4B
$2.3B
$2.4B
$2.3B

Forafric Global PLC · AFRI

$141M
$155M
$129M
$146M
$156M
$160M
$115M
$87M
$89M

Limoneira Company · LMNR

$49M
$33M
$39M
$47M
$59M
$40M
$38M
$48M
$52M
$41M
$40M
$45M
$63M
$44M
$34M
$35M
$47M
$43M
$18M
$24M

Tyson Foods, Inc. · TSN

$12.5B
$12.8B
$12.9B
$13.1B
$13.5B
$13.7B
$13.1B
$13.1B
$13.3B
$13.1B
$13.4B
$13.6B
$13.6B
$13.1B
$13.9B
$13.9B
$14.3B
$13.7B

Village Farms International, Inc. · VFF

$72M
$73M
$70M
$83M
$71M
$69M
$65M
$77M
$70M
$74M
$78M
$54M
$55M
$45M
$40M
$60M
$67M
$50M
$50M

Vital Farms, Inc. · VITL

$65M
$77M
$77M
$83M
$92M
$110M
$119M
$106M
$110M
$136M
$148M
$147M
$145M
$166M
$162M
$185M
$199M
$214M
$187M

Revenue growth · reported quarter history

Adecoagro S.A. · AGRO

29%
8.6%
-90%
5.9%
4.1%
-4.2%
561%
2.9%
4.4%
17%
63%
11%
-13%
-26%
12%
20%

Alico, Inc. · ALCO

-26%
-75%
-27%
-58%
-73%
0.0%
27%
-14%
100%
0.0%
21%
0.0%
-43%
0.0%
-88%
-72%

Archer-Daniels-Midland Company · ADM

19%
21%
12%
1.8%
-7.7%
-12%
-11%
-9.2%
-12%
-8.1%
-6.4%
-7.7%
-4.9%
2.2%
-14%
1.6%

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

1.2%
-16%
-76%
8.5%
50%
-16%
-6.4%
-36%
-13%
72%
4.1%
84%
-34%
-34%
25%
-27%

Bunge Global SA · BG

17%
19%
-0.1%
-3.5%
-16%
-15%
-10%
-12%
-12%
-9.3%
-9.3%
-13%
-3.6%
72%
75%
88%

Cal-Maine Foods, Inc. · CALM

69%
102%
110%
109%
16%
-30%
-35%
-29%
-7.0%
71%
83%
102%
72%
17%
-19%
-53%

Dole plc · DOLE

70%
1.0%
-9.2%
1.0%
4.4%
4.2%
1.4%
6.6%
-0.8%
0.9%
4.6%
-1.0%
14%
11%
9.2%
12%

Forafric Global PLC · AFRI

28%
-8.5%
-5.8%
21%
9.6%
-26%
-46%
-23%

Limoneira Company · LMNR

20%
21%
-2.6%
2.1%
-12%
2.5%
5.3%
-6.3%
21%
7.3%
-15%
-22%
-25%
-2.3%
-47%
-31%

Tyson Foods, Inc. · TSN

8.2%
7.2%
0.1%
-2.6%
-3.0%
1.7%
3.2%
2.3%
0.0%
4.0%
2.2%
5.1%
4.4%

Village Farms International, Inc. · VFF

19%
-1.4%
-5.5%
-7.1%
-7.2%
-1.4%
7.3%
20%
-30%
-21%
-39%
-49%
11%
22%
11%
25%

Vital Farms, Inc. · VITL

38%
42%
43%
55%
28%
20%
24%
24%
39%
32%
22%
9.5%
26%
37%
29%
15%
02 · compare level, then change

Operating Economics & Margin Trend

Village Farms International, Inc. has the highest OPM among the 12 Farm Products companies compared here, at 73.5%. Adecoagro S.A. is next at 5.4%. Alico, Inc. has the highest Margin change at +704.9 percentage points, so level and change sit with different companies. 11 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Village Farms International, Inc. leads opm at 73.5%; Alico, Inc. leads margin change at +704.9 percentage points.

LeaderVillage Farms International, Inc. · 73.5%
Gap13.6× versus #2 · Adecoagro S.A.
Persistence6/8 recent comparable periods
Coverage11/12 companies · 206 observations

Investor read: Village Farms International, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Village Farms International, Inc. VFF74%
2Adecoagro S.A. AGRO5.4%
3Cal-Maine Foods, Inc. CALM5.4%
4Tyson Foods, Inc. TSN3.2%
5Dole plc DOLE2.6%
Margin changefastest expanders
1Alico, Inc. ALCO+704.9 pp
2Adecoagro S.A. AGRO+4.4 pp
3Tyson Foods, Inc. TSN+2.4 pp
4Village Farms International, Inc. VFF+0.9 pp
5Archer-Daniels-Midland Company ADM+0.5 pp
Operating margin · company comparison
11/12 level · 11/12 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Village Farms International, Inc. VFF74%+0.9 ppMar 2026
Cal-Maine Foods, Inc. CALM5.4%−39.4 ppJun 2026
Adecoagro S.A. AGRO5.4%+4.4 ppMar 2026
Tyson Foods, Inc. TSN3.2%+2.4 ppMar 2026
Dole plc DOLE2.6%−0.6 ppMar 2026
Archer-Daniels-Midland Company ADM1.6%+0.5 ppMar 2026
Bunge Global SA BG1.1%−0.8 ppMar 2026
Vital Farms, Inc. VITL-1.2%−14.6 ppMar 2026
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND-5.1%−16.8 ppMar 2026
Limoneira Company LMNR-91%−81.2 ppJun 2026
Alico, Inc. ALCO-147%+704.9 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Adecoagro S.A. · AGRO

25%
11%
22%
18%
15%
-73%
18%
18%
17%
2.5%
13%
15%
6.2%
12%
1.0%
1.4%
16%
6.5%
5.4%

Alico, Inc. · ALCO

-65%
-5.0%
2.9%
-4.8%
-60%
-42%
173%
-215%
-125%
-113%
-49%
-64%
-851%
-369%
-453%
-147%

Archer-Daniels-Midland Company · ADM

2.9%
4.0%
4.7%
5.0%
4.2%
3.9%
5.1%
4.0%
4.4%
3.0%
3.3%
2.2%
0.1%
2.6%
1.1%
1.8%
1.1%
1.5%
1.6%

Bunge Global SA · BG

3.8%
2.1%
5.6%
2.4%
3.3%
2.6%
5.4%
6.3%
4.2%
5.1%
3.3%
1.6%
2.6%
4.7%
1.9%
2.5%
1.7%
1.6%
1.1%

Cal-Maine Foods, Inc. · CALM

-12%
-0.5%
8.3%
25%
25%
32%
41%
20%
-1.5%
2.7%
23%
22%
24%
29%
45%
40%
27%
16%
5.4%

Dole plc · DOLE

-1.4%
-1.9%
2.2%
3.1%
1.5%
2.0%
3.1%
4.3%
3.8%
2.0%
5.3%
4.0%
2.3%
1.6%
3.2%
4.3%
1.1%
1.2%
2.6%

Limoneira Company · LMNR

6.9%
-19%
-24%
5.5%
19%
-4.8%
68%
-8.0%
-3.0%
-23%
-20%
-11%
14%
-6.3%
-16%
-9.5%
-1.3%
-26%
-58%
-91%

Tyson Foods, Inc. · TSN

8.5%
15%
11%
8.8%
7.7%
5.6%
-0.4%
-2.7%
1.7%
2.4%
2.6%
3.9%
4.3%
0.8%
1.9%
1.1%
2.1%
3.2%

Village Farms International, Inc. · VFF

3.9%
2.3%
-11%
-51%
-13%
-41%
-7.9%
-6.8%
-1.7%
-27%
-1.1%
-29%
-1.7%
-19%
73%
12%
25%
9.2%
74%

Vital Farms, Inc. · VITL

-2.8%
-5.5%
-5.3%
0.9%
2.2%
3.1%
9.1%
7.6%
4.7%
6.7%
16%
12%
6.4%
7.8%
13%
13%
11%
10%
-1.2%

Margin change · reported quarter history

Adecoagro S.A. · AGRO

+0.6 pp
−10.3 pp
−84.5 pp
−3.5 pp
+0.7 pp
+1.7 pp
+75.7 pp
−5.6 pp
−3.8 pp
−10.4 pp
+9.8 pp
−11.6 pp
−13.1 pp
+9.9 pp
−5.8 pp
+4.4 pp

Alico, Inc. · ALCO

−23.7 pp
−2,290.6 pp
−54.6 pp
−45.1 pp
+177.4 pp
+2,140.3 pp
−65.7 pp
−70.9 pp
−222.0 pp
−2,214.6 pp
+61.2 pp
−738.3 pp
−319.2 pp
+1,299.1 pp
−389.3 pp
+704.9 pp

Archer-Daniels-Midland Company · ADM

+2.2 pp
+1.3 pp
−0.1 pp
+0.4 pp
−1.0 pp
+0.2 pp
−0.9 pp
−1.8 pp
−1.8 pp
−4.3 pp
−0.4 pp
−2.2 pp
−0.4 pp
+1.0 pp
−1.1 pp
+0.5 pp

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

−17.5 pp
−24.4 pp
−37.7 pp
−77.3 pp
+32.1 pp
−4.3 pp
−20.9 pp
−20.5 pp
+7.2 pp
+23.0 pp
+41.3 pp
−3.2 pp
−27.6 pp
−31.4 pp
−33.5 pp
−16.8 pp

Bunge Global SA · BG

0.0 pp
−0.5 pp
+0.5 pp
−0.2 pp
+3.9 pp
+0.9 pp
+2.5 pp
−2.1 pp
−4.7 pp
−1.6 pp
−0.4 pp
−1.4 pp
+0.9 pp
−0.9 pp
−3.1 pp
−0.8 pp

Cal-Maine Foods, Inc. · CALM

+28.3 pp
+37.1 pp
+32.9 pp
+32.6 pp
−4.8 pp
−26.4 pp
−29.7 pp
−17.7 pp
+2.4 pp
+25.3 pp
+26.4 pp
+21.6 pp
+17.3 pp
+3.2 pp
−13.0 pp
−39.4 pp

Dole plc · DOLE

+1.3 pp
+2.9 pp
+3.9 pp
+0.9 pp
+1.2 pp
+2.3 pp
0.0 pp
+2.2 pp
−0.3 pp
−1.5 pp
−0.4 pp
−2.1 pp
+0.3 pp
−1.2 pp
−0.4 pp
−0.6 pp

Limoneira Company · LMNR

+11.9 pp
+14.5 pp
+92.6 pp
−13.5 pp
−21.8 pp
−18.6 pp
−87.8 pp
−2.5 pp
+17.2 pp
+17.1 pp
+3.9 pp
+1.0 pp
−15.5 pp
−19.6 pp
−42.4 pp
−81.2 pp

Tyson Foods, Inc. · TSN

−0.8 pp
−9.3 pp
−9.2 pp
−10.4 pp
−3.9 pp
+3.0 pp
+6.6 pp
+2.6 pp
−1.6 pp
−0.7 pp
−2.8 pp
−2.2 pp
+2.4 pp

Village Farms International, Inc. · VFF

−43.3 pp
−17.2 pp
−43.5 pp
+3.5 pp
+44.6 pp
+11.6 pp
+14.2 pp
+6.8 pp
−21.9 pp
0.0 pp
+8.1 pp
+73.7 pp
+40.3 pp
+26.2 pp
+28.1 pp
+0.9 pp

Vital Farms, Inc. · VITL

−4.1 pp
+5.0 pp
+8.6 pp
+14.4 pp
+6.7 pp
+2.5 pp
+3.6 pp
+7.2 pp
+4.0 pp
+1.7 pp
+1.1 pp
−2.9 pp
+1.3 pp
+4.4 pp
+2.2 pp
−14.6 pp
03 · compare level, then change

Profit Scale & Acceleration

Archer-Daniels-Midland Company has the highest Net profit among the 12 Farm Products companies compared here, at $1,084 million. Bunge Global SA is next at $986 million. Vital Farms, Inc. has the highest Profit growth at -7.8%, so level and change sit with different companies. 10 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Archer-Daniels-Midland Company leads with $1,084 million of TTM profit, 9.9% above Bunge Global SA. Vital Farms, Inc. shows -7.8% growth from a $47 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderArcher-Daniels-Midland Company · $1,084 million
Gap9.9% versus #2 · Bunge Global SA
Persistence3/8 recent comparable periods
Coverage10/12 companies · 218 observations

Investor read: Archer-Daniels-Midland Company sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Archer-Daniels-Midland Company ADM$1.1B
2Bunge Global SA BG$986M
3Tyson Foods, Inc. TSN$481M
4Dole plc DOLE$97M
5Vital Farms, Inc. VITL$47M
Profit growthfastest growers
1Vital Farms, Inc. VITL-7.8%
2Archer-Daniels-Midland Company ADM-20%
3Dole plc DOLE-25%
4Tyson Foods, Inc. TSN-49%
5Bunge Global SA BG-51%
Net profit · company comparison
10/12 level · 6/12 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Archer-Daniels-Midland Company ADM$303M3.8%Mar 2026
Tyson Foods, Inc. TSN$264M1,786%Mar 2026
Bunge Global SA BG$75M-63%Mar 2026
Cal-Maine Foods, Inc. CALM$51M-90%Jun 2026
Adecoagro S.A. AGRO$44M132%Mar 2026
Dole plc DOLE$36M0.0%Mar 2026
Alico, Inc. ALCO$11M-121%Mar 2026
Village Farms International, Inc. VFF$3M-2,550%Mar 2026
Vital Farms, Inc. VITL$-2M-112%Mar 2026
Forafric Global PLC AFRI$-3MDec 2025
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND$-14M-166%Mar 2026
Limoneira Company LMNR$-22M-117%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Adecoagro S.A. · AGRO

$37M
$59M
$65M
$18M
$23M
$3M
$23M
$46M
$75M
$82M
$47M
$10M
$19M
$16M
$19M
$-17M
$6M
$-15M
$44M

Alico, Inc. · ALCO

$-1M
$10M
$21M
$3M
$-21M
$-3M
$-8M
$12M
$1M
$42M
$-16M
$-2M
$-18M
$-9M
$-111M
$-18M
$-9M
$-4M
$11M

Archer-Daniels-Midland Company · ADM

$533M
$797M
$1.1B
$1.2B
$1.0B
$1.0B
$1.2B
$928M
$824M
$542M
$719M
$481M
$18M
$561M
$292M
$217M
$110M
$454M
$303M

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

$108M
$299M
$82M
$31M
$42M
$-13M
$-3M
$243M
$30M
$-6M
$-30M
$233M
$97M
$-20M
$-1M
$61M
$-64M
$3M
$-14M

Bunge Global SA · BG

$649M
$232M
$696M
$225M
$383M
$374M
$659M
$629M
$389M
$660M
$252M
$73M
$466M
$1.3B
$204M
$370M
$365M
$176M
$75M

Cal-Maine Foods, Inc. · CALM

$-18M
$1M
$39M
$111M
$125M
$198M
$323M
$103M
$0M
$17M
$146M
$102M
$150M
$218M
$508M
$320M
$199M
$103M
$51M

Dole plc · DOLE

$-25M
$-34M
$28M
$56M
$58M
$19M
$34M
$59M
$50M
$19M
$70M
$51M
$13M
$30M
$36M
$44M
$18M
$-1M
$36M

Forafric Global PLC · AFRI

$-8M
$-8M
$-19M
$-9M
$-7M
$-12M
$-11M
$-10M
$-3M

Limoneira Company · LMNR

$3M
$-5M
$-7M
$2M
$7M
$-3M
$16M
$-2M
$-1M
$-4M
$-4M
$7M
$6M
$-2M
$-3M
$-3M
$-1M
$-9M
$-9M
$-22M

Tyson Foods, Inc. · TSN

$753M
$1.4B
$1.1B
$833M
$753M
$537M
$-91M
$-435M
$114M
$148M
$196M
$364M
$366M
$14M
$69M
$58M
$90M
$264M

Village Farms International, Inc. · VFF

$1M
$2M
$-7M
$-34M
$-9M
$-49M
$-7M
$-1M
$-1M
$-23M
$-3M
$-17M
$-1M
$-6M
$-2M
$10M
$11M
$2M
$3M

Vital Farms, Inc. · VITL

$-1M
$-4M
$-2M
$0M
$1M
$2M
$7M
$7M
$5M
$7M
$19M
$16M
$7M
$11M
$17M
$17M
$16M
$16M
$-2M

Profit growth · reported quarter history

Adecoagro S.A. · AGRO

13%
-38%
-95%
-65%
156%
226%
2,633%
104%
-78%
-75%
-80%
-60%
-270%
-68%
-194%
132%

Alico, Inc. · ALCO

-89%
-130%
-138%
300%
-117%
-1,900%
-121%

Archer-Daniels-Midland Company · ADM

74%
95%
28%
10%
-25%
-21%
-47%
-39%
-48%
-98%
3.5%
-59%
-55%
511%
-19%
3.8%

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

-76%
-61%
-104%
-104%
684%
-29%
-4.1%
223%
-74%
-166%

Bunge Global SA · BG

-39%
-41%
61%
-5.3%
180%
1.6%
76%
-62%
-88%
20%
91%
-19%
407%
-22%
-86%
-63%

Cal-Maine Foods, Inc. · CALM

19,700%
728%
-7.2%
-100%
-91%
-55%
-1.0%
1,182%
248%
214%
33%
-53%
-90%

Dole plc · DOLE

331%
21%
5.4%
-14%
0.0%
106%
-14%
-74%
58%
-49%
-14%
38%
-103%
0.0%

Limoneira Company · LMNR

133%
-200%
-114%
-125%
-143%
-117%

Tyson Foods, Inc. · TSN

0.0%
-60%
-111%
-158%
-79%
221%
-91%
-65%
-84%
-75%
1,786%

Village Farms International, Inc. · VFF

-1,000%
-2,550%

Vital Farms, Inc. · VITL

-100%
400%
250%
171%
129%
40%
57%
-11%
6.3%
129%
45%
-112%
04 · compare level, then change

Capacity Spending & Returns On It

Bunge Global SA has the highest CAPEX among the 12 Farm Products companies compared here, at $336 million. Archer-Daniels-Midland Company is next at $194 million. Adecoagro S.A. has the highest CAPEX intensity at 20.8%, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Bunge Global SA reports $336 million of CAPEX; Adecoagro S.A. has the highest covered intensity at 20.8%. Coverage is only 12 of 12 companies and 218 reported observations, so this is partial evidence—not a complete sector rank.

LeaderBunge Global SA · $336 million
Gap73.2% versus #2 · Archer-Daniels-Midland Company
Persistence8/8 recent comparable periods
Coverage12/12 companies · 218 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Bunge Global SA BG$336M
2Archer-Daniels-Midland Company ADM$194M
3Tyson Foods, Inc. TSN$145M
4Adecoagro S.A. AGRO$87M
5Cal-Maine Foods, Inc. CALM$28M
CAPEX intensityhighest reinvestment intensity
1Adecoagro S.A. AGRO21%
2Limoneira Company LMNR21%
3Alico, Inc. ALCO20%
4Village Farms International, Inc. VFF18%
5Vital Farms, Inc. VITL11%
Capital expenditure · company comparison
12/12 level · 12/12 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Bunge Global SA BG$336M1.5%Mar 2026
Archer-Daniels-Midland Company ADM$194M0.9%Mar 2026
Tyson Foods, Inc. TSN$145M1.1%Mar 2026
Adecoagro S.A. AGRO$87M21%Mar 2026
Cal-Maine Foods, Inc. CALM$28M4.8%Jun 2026
Vital Farms, Inc. VITL$21M11%Mar 2026
Dole plc DOLE$18M0.8%Mar 2026
Village Farms International, Inc. VFF$9M18%Mar 2026
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND$8M4.2%Mar 2026
Limoneira Company LMNR$5M21%Jun 2026
Alico, Inc. ALCO$1M20%Mar 2026
Forafric Global PLC AFRI$0M0.0%Dec 2025
Full 20-quarter history · every available company

CAPEX · reported quarter history

Adecoagro S.A. · AGRO

$68M
$39M
$78M
$55M
$48M
$45M
$81M
$58M
$47M
$56M
$94M
$61M
$49M
$58M
$84M
$56M
$52M
$74M
$87M

Alico, Inc. · ALCO

$6M
$4M
$6M
$5M
$6M
$3M
$5M
$4M
$4M
$3M
$8M
$4M
$2M
$3M
$0M
$1M
$1M
$0M
$1M

Archer-Daniels-Midland Company · ADM

$287M
$455M
$217M
$283M
$341M
$478M
$327M
$287M
$441M
$439M
$328M
$362M
$381M
$492M
$291M
$305M
$296M
$356M
$194M

Bunge Global SA · BG

$106M
$160M
$106M
$106M
$141M
$202M
$173M
$368M
$264M
$317M
$236M
$297M
$354M
$489M
$310M
$406M
$469M
$538M
$336M

Cal-Maine Foods, Inc. · CALM

$11M
$17M
$21M
$23M
$28M
$32M
$26M
$50M
$27M
$39M
$30M
$51M
$36M
$30M
$50M
$46M
$45M
$47M
$32M
$28M

Dole plc · DOLE

$15M
$33M
$17M
$22M
$27M
$27M
$18M
$18M
$16M
$27M
$18M
$17M
$21M
$26M
$53M
$19M
$21M
$28M
$18M

Forafric Global PLC · AFRI

$3M
$3M
$1M
$4M
$5M
$1M
$1M
$0M
$0M

Limoneira Company · LMNR

$3M
$2M
$2M
$2M
$4M
$2M
$2M
$3M
$4M
$1M
$2M
$1M
$3M
$3M
$4M
$2M
$3M
$4M
$3M
$5M

Tyson Foods, Inc. · TSN

$302M
$350M
$408M
$439M
$476M
$564M
$508M
$467M
$354M
$267M
$263M
$248M
$271M
$193M
$227M
$287M
$252M
$145M

Village Farms International, Inc. · VFF

$4M
$7M
$5M
$5M
$3M
$1M
$1M
$1M
$2M
$2M
$2M
$3M
$3M
$2M
$1M
$3M
$2M
$11M
$9M

Vital Farms, Inc. · VITL

$6M
$3M
$2M
$3M
$2M
$4M
$2M
$2M
$5M
$2M
$1M
$6M
$4M
$18M
$3M
$7M
$34M
$38M
$21M

CAPEX intensity · reported quarter history

Adecoagro S.A. · AGRO

17%
10%
27%
13%
11%
125%
26%
13%
11%
24%
30%
14%
10%
15%
24%
14%
15%
17%
21%

Alico, Inc. · ALCO

150%
27%
12%
19%
600%
27%
24%
57%
400%
21%
44%
29%
200%
18%
0.0%
13%
100%
0.0%
20%

Archer-Daniels-Midland Company · ADM

1.4%
2.0%
0.9%
1.0%
1.4%
1.8%
1.4%
1.1%
2.0%
1.9%
1.5%
1.6%
1.9%
2.3%
1.4%
1.4%
1.5%
1.9%
0.9%

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

1.6%
3.6%
3.4%
3.6%
5.4%
3.8%
3.7%
4.9%
5.7%
6.1%
13%
5.1%
5.0%
0.7%
12%
7.7%
5.3%
4.2%

Bunge Global SA · BG

0.8%
1.0%
0.7%
0.6%
0.8%
1.2%
1.1%
2.4%
1.9%
2.1%
1.8%
2.2%
2.7%
3.6%
2.7%
3.2%
2.1%
2.3%
1.5%

Cal-Maine Foods, Inc. · CALM

3.4%
4.5%
4.4%
3.9%
4.3%
4.0%
2.6%
7.3%
5.9%
7.5%
4.3%
8.0%
4.6%
3.1%
3.5%
4.2%
4.9%
6.1%
4.8%

Dole plc · DOLE

0.8%
1.5%
0.9%
1.1%
1.4%
1.3%
0.9%
0.8%
0.8%
1.3%
0.8%
0.8%
1.0%
1.2%
2.5%
0.8%
0.9%
1.2%
0.8%

Forafric Global PLC · AFRI

2.1%
1.9%
0.8%
2.7%
3.2%
0.6%
0.9%
0.0%
0.0%

Limoneira Company · LMNR

6.1%
6.1%
5.1%
4.3%
6.8%
5.0%
5.3%
6.3%
7.7%
2.4%
5.0%
2.2%
4.8%
6.8%
12%
5.7%
6.4%
9.3%
17%
21%

Tyson Foods, Inc. · TSN

2.4%
2.7%
3.2%
3.3%
3.5%
4.1%
3.9%
3.6%
2.7%
2.0%
2.0%
1.8%
2.0%
1.5%
1.6%
2.1%
1.8%
1.1%

Village Farms International, Inc. · VFF

5.6%
9.6%
7.1%
6.0%
4.2%
1.4%
1.5%
1.3%
2.9%
2.7%
2.6%
5.6%
5.5%
4.4%
2.5%
5.0%
3.0%
22%
18%

Vital Farms, Inc. · VITL

9.2%
3.9%
2.6%
3.6%
2.2%
3.6%
1.7%
1.9%
4.5%
1.5%
0.7%
4.1%
2.8%
11%
1.9%
3.8%
17%
18%
11%
Annual capital allocation · 6-year view
12/12 capacity base · 12/12 OCF · 12/12 CAPEX · 12/12 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Adecoagro S.A. · AGRO

$1.7B
$1.9B
$2.0B
$1.9B
$3.4B

Alico, Inc. · ALCO

$373M
$372M
$362M
$353M
$142M

Bunge Global SA · BG

$4.4B
$4.6B
$5.5B
$6.2B
$13.4B

Cal-Maine Foods, Inc. · CALM

$592M
$678M
$745M
$857M
$1.0B
$1.3B

Dole plc · DOLE

$1.8B
$1.4B
$1.4B
$1.5B
$1.5B

Forafric Global PLC · AFRI

$126M
$111M
$121M
$118M
$124M

Limoneira Company · LMNR

$242M
$223M
$161M
$162M
$173M

Tyson Foods, Inc. · TSN

$7.8B
$8.7B
$9.6B
$9.4B
$9.2B

Vital Farms, Inc. · VITL

$45M
$61M
$76M
$104M
$241M

Operating cash flow · fiscal-year history

Adecoagro S.A. · AGRO

$349M
$370M
$435M
$328M
$309M

Alico, Inc. · ALCO

$17M
$7M
$-6M
$-30M
$20M

Bunge Global SA · BG

$-2.9B
$-5.5B
$3.3B
$1.9B
$844M

Cal-Maine Foods, Inc. · CALM

$26M
$126M
$863M
$451M
$1.2B
$480M

Dole plc · DOLE

$21M
$324M
$299M
$263M
$123M

Forafric Global PLC · AFRI

$-26M
$-58M
$33M
$23M
$0M

Limoneira Company · LMNR

$10M
$15M
$-16M
$18M
$-6M

Tyson Foods, Inc. · TSN

$3.8B
$2.7B
$1.8B
$2.6B
$2.2B

Vital Farms, Inc. · VITL

$18M
$-8M
$51M
$65M
$34M

CAPEX · reported cash flow · fiscal-year history

Adecoagro S.A. · AGRO

$211M
$227M
$242M
$262M
$264M

Alico, Inc. · ALCO

$22M
$21M
$17M
$18M
$6M

Bunge Global SA · BG

$399M
$555M
$1.1B
$1.4B
$1.7B

Cal-Maine Foods, Inc. · CALM

$95M
$72M
$137M
$147M
$161M
$151M

Dole plc · DOLE

$59M
$86M
$78M
$82M
$121M

Limoneira Company · LMNR

$10M
$10M
$10M
$9M
$14M

Tyson Foods, Inc. · TSN

$1.2B
$1.9B
$1.9B
$1.1B
$978M

Vital Farms, Inc. · VITL

$17M
$11M
$12M
$29M
$82M

Free cash flow · fiscal-year history

Adecoagro S.A. · AGRO

$138M
$143M
$193M
$66M
$44M

Alico, Inc. · ALCO

$-6M
$-14M
$-23M
$-48M
$15M

Bunge Global SA · BG

$-3.3B
$-6.1B
$2.2B
$524M
$-879M

Cal-Maine Foods, Inc. · CALM

$-69M
$54M
$726M
$304M
$1.1B
$329M

Dole plc · DOLE

$-38M
$238M
$221M
$180M
$2M

Forafric Global PLC · AFRI

$-31M
$-62M
$24M
$22M
$0M

Limoneira Company · LMNR

$0M
$5M
$-26M
$8M
$-20M

Tyson Foods, Inc. · TSN

$2.6B
$800M
$-187M
$1.5B
$1.2B

Vital Farms, Inc. · VITL

$1M
$-19M
$39M
$36M
$-48M
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Cal-Maine Foods, Inc. has the lowest Gross debt among the 12 Farm Products companies compared here, at $0 million. Village Farms International, Inc. is next at $40 million. The same company also holds the lowest Net debt, at $924 million net cash. 11 of 12 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Cal-Maine Foods, Inc. has the clearest covered balance-sheet capacity with $924 million net cash and gross debt of $0 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderCal-Maine Foods, Inc. · $0 million
Gap100% versus #2 · Village Farms International, Inc.
Persistence8/8 recent comparable periods
Coverage11/12 companies · 210 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Cal-Maine Foods, Inc. CALM$0M
2Village Farms International, Inc. VFF$40M
3Vital Farms, Inc. VITL$54M
4Alico, Inc. ALCO$85M
5Limoneira Company LMNR$94M
Net debtlowest net debt
1Cal-Maine Foods, Inc. CALM$-924M
2Village Farms International, Inc. VFF$-16M
3Vital Farms, Inc. VITL$3M
4Alico, Inc. ALCO$32M
5Limoneira Company LMNR$93M
Debt and balance-sheet capacity · company comparison
11/12 level · 11/12 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Bunge Global SA BG$16.2B$15.2BMar 2026
Archer-Daniels-Midland Company ADM$10.7B$10.0BMar 2026
Tyson Foods, Inc. TSN$8.1B$7.6BMar 2026
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND$3.3B$3.2BMar 2026
Adecoagro S.A. AGRO$2.2B$2.0BMar 2026
Dole plc DOLE$1.3B$1.1BMar 2026
Limoneira Company LMNR$94M$93MJun 2026
Alico, Inc. ALCO$85M$32MMar 2026
Vital Farms, Inc. VITL$54M$3MMar 2026
Village Farms International, Inc. VFF$40M$-16MMar 2026
Cal-Maine Foods, Inc. CALM$0M$-924MJun 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Adecoagro S.A. · AGRO

$1.1B
$1.1B
$1.3B
$1.3B
$1.4B
$1.3B
$1.3B
$1.5B
$1.5B
$1.3B
$1.2B
$1.2B
$1.2B
$1.1B
$1.3B
$1.3B
$1.6B
$2.0B
$2.2B

Alico, Inc. · ALCO

$125M
$134M
$123M
$107M
$111M
$124M
$126M
$122M
$129M
$85M
$84M
$84M
$92M
$105M
$90M
$85M
$86M
$86M
$85M

Archer-Daniels-Midland Company · ADM

$10.0B
$10.6B
$14.1B
$12.5B
$9.7B
$10.3B
$11.6B
$9.8B
$9.5B
$9.6B
$11.3B
$11.9B
$11.3B
$11.5B
$12.4B
$10.6B
$9.2B
$9.8B
$10.7B

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

$799M
$787M
$1.5B
$702M
$670M
$883M
$2.1B
$872M
$864M
$1.0B
$1.1B
$1.0B
$1.2B
$3.0B
$1.3B
$1.3B
$3.1B
$1.3B
$3.3B

Bunge Global SA · BG

$7.3B
$6.8B
$7.4B
$7.5B
$6.1B
$5.6B
$6.6B
$5.8B
$6.0B
$5.8B
$6.0B
$5.9B
$7.1B
$7.1B
$7.7B
$12.2B
$17.2B
$15.6B
$16.2B

Cal-Maine Foods, Inc. · CALM

$2M
$2M
$2M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M

Dole plc · DOLE

$1.7B
$1.7B
$1.9B
$1.7B
$1.7B
$1.5B
$1.6B
$1.6B
$1.5B
$1.4B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.5B
$1.3B
$1.2B
$1.3B

Limoneira Company · LMNR

$123M
$133M
$145M
$139M
$133M
$106M
$41M
$41M
$41M
$41M
$52M
$60M
$41M
$41M
$58M
$55M
$63M
$72M
$90M
$94M

Tyson Foods, Inc. · TSN

$10.4B
$9.3B
$9.4B
$8.3B
$8.3B
$8.3B
$8.9B
$9.3B
$9.7B
$11.0B
$11.0B
$9.8B
$9.8B
$9.1B
$9.1B
$8.8B
$8.4B
$8.1B

Village Farms International, Inc. · VFF

$71M
$77M
$77M
$72M
$72M
$71M
$65M
$69M
$67M
$66M
$63M
$60M
$59M
$50M
$55M
$44M
$39M
$39M
$40M

Vital Farms, Inc. · VITL

$0M
$0M
$3M
$3M
$2M
$11M
$10M
$9M
$16M
$23M
$23M
$22M
$21M
$19M
$19M
$18M
$56M
$53M
$54M

Net debt · reported quarter history

Adecoagro S.A. · AGRO

$956M
$865M
$1.2B
$1.2B
$1.2B
$1.0B
$1.2B
$1.2B
$1.1B
$881M
$1.0B
$977M
$1.0B
$865M
$1.0B
$1.1B
$1.2B
$1.5B
$2.0B

Alico, Inc. · ALCO

$124M
$134M
$99M
$100M
$110M
$124M
$126M
$120M
$128M
$66M
$78M
$75M
$89M
$101M
$75M
$43M
$48M
$51M
$32M

Archer-Daniels-Midland Company · ADM

$8.9B
$9.6B
$13.0B
$11.6B
$8.6B
$9.3B
$10.7B
$8.4B
$8.0B
$8.2B
$10.5B
$11.1B
$10.6B
$10.7B
$11.5B
$9.6B
$8.0B
$8.7B
$10.0B

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

$-394M
$-113M
$933M
$172M
$178M
$563M
$1.8B
$460M
$485M
$828M
$839M
$850M
$1.0B
$2.9B
$1.3B
$1.2B
$2.8B
$1.3B
$3.2B

Bunge Global SA · BG

$6.3B
$5.9B
$7.0B
$6.7B
$5.2B
$4.5B
$3.6B
$4.5B
$3.8B
$3.2B
$3.0B
$4.8B
$4.2B
$3.8B
$4.4B
$5.4B
$15.4B
$14.3B
$15.2B

Cal-Maine Foods, Inc. · CALM

$-88M
$-83M
$-95M
$-175M
$-282M
$-379M
$-645M
$-648M
$-610M
$-568M
$-695M
$-812M
$-754M
$-797M
$-1.2B
$-1.4B
$-1.3B
$-1.1B
$-1.2B
$-924M

Dole plc · DOLE

$1.5B
$1.5B
$1.6B
$1.4B
$1.4B
$1.3B
$1.3B
$1.3B
$1.2B
$1.2B
$1.1B
$1.1B
$1.0B
$967M
$1.1B
$1.1B
$1.0B
$971M
$1.1B

Limoneira Company · LMNR

$122M
$133M
$144M
$138M
$132M
$105M
$29M
$31M
$30M
$37M
$51M
$59M
$40M
$38M
$57M
$53M
$61M
$70M
$89M
$93M

Tyson Foods, Inc. · TSN

$8.7B
$6.8B
$6.4B
$7.2B
$7.3B
$7.3B
$8.4B
$8.6B
$8.2B
$8.8B
$8.5B
$8.1B
$7.5B
$8.1B
$7.5B
$7.6B
$7.1B
$7.6B

Village Farms International, Inc. · VFF

$-13M
$18M
$36M
$39M
$49M
$49M
$30M
$37M
$27M
$31M
$31M
$30M
$30M
$25M
$40M
$-21M
$-49M
$-47M
$-16M

Vital Farms, Inc. · VITL

$-98M
$-100M
$-89M
$-87M
$-85M
$-68M
$-73M
$-85M
$-80M
$-94M
$-115M
$-131M
$-142M
$-141M
$-142M
$-137M
$-89M
$-60M
$3M
06 · compare level, then change

Return On Capital Employed

Village Farms International, Inc. has the highest ROCE among the 12 Farm Products companies compared here, at 10.9%. Dole plc is next at 2.1%. Alico, Inc. has the highest ROCE change at +44.9 percentage points, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Village Farms International, Inc. leads ROCE at 10.9%, 8.8 percentage points above Dole plc. Alico, Inc. has the strongest latest improvement at +44.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderVillage Farms International, Inc. · 10.9%
Gap419% versus #2 · Dole plc
Persistence7/8 recent comparable periods
Coverage12/12 companies · 226 observations

Investor read: Village Farms International, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Village Farms International, Inc. VFF11%
2Dole plc DOLE2.1%
3Tyson Foods, Inc. TSN1.4%
4Archer-Daniels-Midland Company ADM1.0%
5Bunge Global SA BG1.0%
ROCE changefastest improvers
1Alico, Inc. ALCO+44.9 pp
2Forafric Global PLC AFRI · older report+3.3 pp
3Village Farms International, Inc. VFF+2.8 pp
4Tyson Foods, Inc. TSN+1.1 pp
5Adecoagro S.A. AGRO+0.5 pp
Return on capital · company comparison
12/12 level · 12/12 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Village Farms International, Inc. VFF11%+2.8 ppMar 2026
Dole plc DOLE2.1%−0.3 ppMar 2026
Tyson Foods, Inc. TSN1.4%+1.1 ppMar 2026
Archer-Daniels-Midland Company ADM1.0%+0.3 ppMar 2026
Bunge Global SA BG1.0%−0.2 ppMar 2026
Adecoagro S.A. AGRO0.6%+0.5 ppMar 2026
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND-0.3%−1.2 ppMar 2026
Vital Farms, Inc. VITL-0.7%−8.9 ppMar 2026
Forafric Global PLC AFRI-0.7%+3.3 ppDec 2025
Cal-Maine Foods, Inc. CALM-2.1%−20.5 ppJun 2026
Alico, Inc. ALCO-3.6%+44.9 ppMar 2026
Limoneira Company LMNR-8.1%−6.9 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Adecoagro S.A. · AGRO

4.8%
2.0%
2.7%
3.1%
2.7%
-1.1%
2.2%
3.1%
2.6%
0.2%
1.5%
2.4%
1.1%
1.8%
0.1%
0.2%
1.9%
0.8%
0.6%

Alico, Inc. · ALCO

-0.6%
-0.2%
0.4%
-0.3%
-6.0%
-1.5%
-2.2%
3.1%
-0.4%
-4.3%
-5.2%
-1.7%
-5.7%
-2.7%
-49%
-10%
-3.1%
-2.9%
-3.6%

Archer-Daniels-Midland Company · ADM

1.8%
2.8%
3.2%
3.9%
3.0%
2.9%
3.4%
2.8%
2.6%
1.9%
2.0%
1.4%
0.0%
1.6%
0.7%
1.1%
0.7%
0.8%
1.0%

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

5.8%
17%
7.6%
1.7%
1.2%
1.2%
2.3%
9.6%
0.6%
0.1%
0.7%
9.4%
4.3%
2.1%
0.9%
2.7%
-0.2%
0.5%
-0.3%

Bunge Global SA · BG

4.1%
2.6%
6.4%
3.0%
3.9%
2.9%
5.2%
6.0%
3.8%
4.6%
2.6%
1.3%
1.9%
3.6%
1.2%
1.7%
1.6%
1.6%
1.0%

Cal-Maine Foods, Inc. · CALM

-3.6%
-0.2%
3.5%
12%
13%
20%
29%
9.0%
-0.4%
0.9%
9.1%
7.6%
9.7%
14%
28%
18%
10%
4.8%
1.3%
-2.1%

Dole plc · DOLE

-1.2%
-1.9%
1.9%
2.9%
0.9%
1.3%
2.0%
3.0%
2.6%
1.4%
3.9%
3.0%
1.7%
1.2%
2.4%
3.5%
0.8%
1.0%
2.1%

Forafric Global PLC · AFRI

-0.8%
-0.9%
0.4%
0.5%
-1.0%
-1.1%
-0.8%
-1.0%
2.0%
2.0%
-4.0%
-4.0%
-4.0%
-4.0%
-3.4%
-3.4%
-0.7%
-0.7%

Limoneira Company · LMNR

-1.8%
-2.7%
0.7%
3.1%
-0.5%
8.1%
-1.2%
-0.5%
-3.2%
-2.8%
-1.7%
3.3%
-1.0%
-2.0%
-1.2%
-0.2%
-4.1%
-3.8%
-8.1%

Tyson Foods, Inc. · TSN

6.3%
4.7%
3.8%
3.4%
2.5%
-0.2%
-1.1%
0.7%
1.0%
1.1%
1.7%
1.8%
0.3%
0.8%
0.5%
1.0%
1.4%

Village Farms International, Inc. · VFF

0.8%
0.4%
-1.7%
-9.7%
-2.1%
-6.4%
-1.1%
-1.2%
-0.3%
-5.1%
-0.2%
-4.0%
-0.2%
-2.4%
8.1%
2.0%
4.6%
1.3%
11%

Vital Farms, Inc. · VITL

-1.2%
-2.9%
-2.7%
0.5%
1.3%
2.2%
6.6%
4.7%
3.0%
4.8%
12%
7.8%
4.0%
5.3%
8.2%
8.3%
6.6%
6.3%
-0.7%

ROCE change · reported quarter history

Adecoagro S.A. · AGRO

−2.1 pp
−3.1 pp
−0.5 pp
0.0 pp
−0.1 pp
+1.3 pp
−0.7 pp
−0.7 pp
−1.5 pp
+1.6 pp
−1.4 pp
−2.2 pp
+0.8 pp
−1.0 pp
+0.5 pp

Alico, Inc. · ALCO

−5.4 pp
−1.3 pp
−2.6 pp
+3.4 pp
+5.6 pp
−2.8 pp
−3.0 pp
−4.8 pp
−5.3 pp
+1.6 pp
−43.3 pp
−8.6 pp
+2.6 pp
−0.2 pp
+44.9 pp

Archer-Daniels-Midland Company · ADM

+1.2 pp
+0.1 pp
+0.2 pp
−1.1 pp
−0.4 pp
−1.0 pp
−1.4 pp
−1.4 pp
−2.6 pp
−0.3 pp
−1.3 pp
−0.3 pp
+0.7 pp
−0.8 pp
+0.3 pp

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas · LND

−4.6 pp
−15.6 pp
−5.3 pp
+7.9 pp
−0.6 pp
−1.1 pp
−1.6 pp
−0.2 pp
+3.7 pp
+2.0 pp
+0.2 pp
−6.7 pp
−4.5 pp
−1.6 pp
−1.2 pp

Bunge Global SA · BG

−0.2 pp
+0.3 pp
−1.2 pp
+3.0 pp
−0.1 pp
+1.7 pp
−2.6 pp
−4.7 pp
−1.9 pp
−1.0 pp
−1.4 pp
+0.4 pp
−0.3 pp
−2.0 pp
−0.2 pp

Cal-Maine Foods, Inc. · CALM

+17.0 pp
+20.4 pp
+25.2 pp
−3.2 pp
−13.8 pp
−19.3 pp
−19.6 pp
−1.4 pp
+10.1 pp
+12.9 pp
+19.2 pp
+10.8 pp
+0.3 pp
−9.0 pp
−27.0 pp
−20.5 pp

Dole plc · DOLE

+2.1 pp
+3.2 pp
+0.1 pp
+0.1 pp
+1.7 pp
+0.1 pp
+1.9 pp
0.0 pp
−0.9 pp
−0.2 pp
−1.5 pp
+0.5 pp
−0.9 pp
−0.2 pp
−0.3 pp

Forafric Global PLC · AFRI

−0.2 pp
−0.2 pp
−1.2 pp
−1.5 pp
+3.0 pp
+3.1 pp
−3.2 pp
−3.0 pp
−6.0 pp
−6.0 pp
+0.6 pp
+0.6 pp
+3.3 pp
+3.3 pp

Limoneira Company · LMNR

+1.3 pp
+10.8 pp
−1.9 pp
−3.6 pp
−2.7 pp
−10.9 pp
−0.5 pp
+3.8 pp
+2.2 pp
+0.8 pp
+0.5 pp
−3.5 pp
−3.1 pp
−1.8 pp
−6.9 pp

Tyson Foods, Inc. · TSN

−3.8 pp
−4.0 pp
−4.5 pp
−1.8 pp
+1.3 pp
+2.8 pp
+1.1 pp
−0.7 pp
−0.3 pp
−1.2 pp
−0.8 pp
+1.1 pp

Village Farms International, Inc. · VFF

−2.9 pp
−6.8 pp
+0.6 pp
+8.5 pp
+1.8 pp
+1.3 pp
+0.9 pp
−2.8 pp
+0.1 pp
+2.7 pp
+8.3 pp
+6.0 pp
+4.8 pp
+3.7 pp
+2.8 pp

Vital Farms, Inc. · VITL

+2.5 pp
+5.1 pp
+9.3 pp
+4.2 pp
+1.7 pp
+2.6 pp
+5.3 pp
+3.1 pp
+1.0 pp
+0.5 pp
−3.7 pp
+0.5 pp
+2.6 pp
+1.0 pp
−8.9 pp
07 · compare level, then change

Valuation Against Growth & Quality

Dole plc has the lowest Guarded PEG among the 12 Farm Products companies compared here, at 0.22×. Archer-Daniels-Midland Company is next at 0.52×. Village Farms International, Inc. has the lowest P/E at 8.11×, so level and change sit with different companies. 5 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Dole plc has the lowest comparable Guarded PEG at 0.22×, 57.7% below Archer-Daniels-Midland Company. Only 5 of 12 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderDole plc · 0.22×
Gap57.7% versus #2 · Archer-Daniels-Midland Company
Persistence0/8 recent comparable periods
Coverage5/12 companies · 16 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Dole plc DOLE0.2
2Archer-Daniels-Midland Company ADM0.5
3Bunge Global SA BG0.6
4Adecoagro S.A. AGRO0.8
5Vital Farms, Inc. VITL1.0
P/Elowest P/E
1Village Farms International, Inc. VFF8.1
2Cal-Maine Foods, Inc. CALM11.3
3Vital Farms, Inc. VITL12.6
4BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND15.1
5Bunge Global SA BG29.5
Valuation · company comparison
5/12 level · 11/12 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Vital Farms, Inc. VITL1.012.6Mar 2026
Adecoagro S.A. AGRO0.8883.5Mar 2026
Bunge Global SA BG0.629.5Mar 2026
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND0.515.1Mar 2026
Archer-Daniels-Midland Company ADM0.532.6Mar 2026
Dole plc DOLE0.231.8Mar 2026
Cal-Maine Foods, Inc. CALM0.211.3Jun 2026
Tyson Foods, Inc. TSN49.9Mar 2026
Alico, Inc. ALCO30.7Mar 2026
Limoneira Company LMNR56.2Jun 2026
Village Farms International, Inc. VFF8.1Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Adecoagro S.A. · AGRO

0.8

Archer-Daniels-Midland Company · ADM

0.2
0.5

Bunge Global SA · BG

0.6
0.3
0.2
0.5
0.7
0.6

Cal-Maine Foods, Inc. · CALM

0.2

Dole plc · DOLE

0.2

Vital Farms, Inc. · VITL

0.8
6.1
1.8
1.0

P/E · reported quarter history

Adecoagro S.A. · AGRO

8.5
6.8
7.8
5.4
5.7
8.5
13.4
10.8
8.6
5.3
4.7
4.8
7.4
10.5
17.8
25.6
33.7
883.5

Alico, Inc. · ALCO

7.4
6.8
5.0
8.3
17.1
9.8
104.0
4.9
6.0
8.5
30.7

Archer-Daniels-Midland Company · ADM

13.0
14.1
16.6
12.2
11.1
12.0
9.9
10.0
10.4
11.2
11.0
12.1
17.1
13.8
17.2
23.3
24.4
25.8
32.6

Bunge Global SA · BG

5.1
6.8
8.8
7.8
8.4
9.5
9.4
7.3
8.4
6.8
8.6
12.8
13.0
9.7
10.6
8.6
9.4
18.1
29.5

Cal-Maine Foods, Inc. · CALM

17.7
9.7
6.0
3.8
3.1
3.7
5.3
9.9
10.8
8.3
7.6
4.5
3.8
4.5
3.5
6.1
11.3

Dole plc · DOLE

24.9
13.8
10.6
11.0
12.5
10.2
9.5
6.3
5.3
8.3
10.3
14.6
56.0
89.6
28.3
31.8

Limoneira Company · LMNR

11.3
17.1
30.4
28.6
76.0
64.1
56.2

Tyson Foods, Inc. · TSN

9.4
8.5
8.1
7.6
7.4
14.2
55.5
26.5
19.5
24.2
25.0
40.7
102.7
49.9

Village Farms International, Inc. · VFF

11.0
16.5
13.5
8.1

Vital Farms, Inc. · VITL

151.6
288.5
516.0
67.8
35.6
26.0
26.6
27.4
44.1
31.4
31.7
26.5
34.7
32.1
22.0
12.6
08 · compare level, then change

Enterprise Value & Book Value

Village Farms International, Inc. has the lowest EV/EBITDA among the 12 Farm Products companies compared here, at 3.19×. Cal-Maine Foods, Inc. is next at 5.47×. Dole plc has the lowest P/BV at 0.99×, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Village Farms International, Inc. leads ev/ebitda at 3.19×; Dole plc leads p/bv at 0.99×.

LeaderVillage Farms International, Inc. · 3.19×
Gap41.7% versus #2 · Cal-Maine Foods, Inc.
Persistence0/8 recent comparable periods
Coverage12/12 companies · 178 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Village Farms International, Inc. VFF3.2
2Cal-Maine Foods, Inc. CALM5.5
3Vital Farms, Inc. VITL6.5
4Dole plc DOLE7.7
5Adecoagro S.A. AGRO10.4
P/BVlowest P/BV
1Dole plc DOLE1.0
2Village Farms International, Inc. VFF1.1
3BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND1.1
4Adecoagro S.A. AGRO1.2
5Tyson Foods, Inc. TSN1.2
Enterprise and book valuation · company comparison
12/12 level · 11/12 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Forafric Global PLC AFRI151.5-34.2Dec 2025
Alico, Inc. ALCO74.33.0Mar 2026
Limoneira Company LMNR58.71.5Jun 2026
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND36.21.1Mar 2026
Bunge Global SA BG19.41.5Mar 2026
Archer-Daniels-Midland Company ADM19.11.5Mar 2026
Tyson Foods, Inc. TSN13.71.2Mar 2026
Adecoagro S.A. AGRO10.41.2Mar 2026
Dole plc DOLE7.71.0Mar 2026
Vital Farms, Inc. VITL6.51.8Mar 2026
Cal-Maine Foods, Inc. CALM5.51.3Jun 2026
Village Farms International, Inc. VFF3.21.1Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Adecoagro S.A. · AGRO

3.9
3.6
5.2
4.4
4.8
4.0
10.5
11.3
12.0
4.1
4.6
4.4
5.0
4.0
5.0
5.6
5.4
7.5
10.4

Alico, Inc. · ALCO

13.1
16.1
19.6
31.0
28.6
74.3

Archer-Daniels-Midland Company · ADM

10.6
12.2
15.1
11.1
9.8
10.9
9.6
9.2
9.3
9.2
9.5
10.2
13.0
12.0
14.3
15.1
14.5
16.0
19.1

Bunge Global SA · BG

6.9
8.0
8.8
8.1
6.8
7.4
6.4
5.6
5.6
5.3
5.8
8.4
8.4
7.3
8.4
8.7
15.2
16.5
19.4

Cal-Maine Foods, Inc. · CALM

71.7
193.5
40.6
10.3
5.8
3.6
2.1
1.6
2.0
2.9
5.3
5.6
4.7
4.7
2.4
2.0
2.6
1.8
3.1
5.5

Dole plc · DOLE

42.0
51.3
26.4
13.9
10.3
8.3
8.3
8.2
6.6
6.6
6.1
6.3
7.9
6.3
7.7
7.3
7.1
7.6
7.7

Forafric Global PLC · AFRI

66.0
74.2
94.2
299.5
322.6
151.5

Limoneira Company · LMNR

126.3
51.1
28.1
6.0
8.7
12.1
16.3
237.5
108.6
58.7

Tyson Foods, Inc. · TSN

5.5
6.3
6.2
5.9
4.8
9.5
15.1
72.0
38.5
19.2
7.6
10.1
11.7
11.0
7.7
14.8
13.7

Village Farms International, Inc. · VFF

70.0
142.2
7.6
1.9
1.4
8.6
5.0
3.2

Vital Farms, Inc. · VITL

112.6
90.2
39.1
25.8
17.5
14.7
12.4
14.4
26.6
18.4
18.6
14.9
18.3
17.9
12.2
6.5

P/BV · reported quarter history

Adecoagro S.A. · AGRO

1.1
0.8
1.2
0.9
0.8
0.8
0.8
0.8
1.0
1.0
0.8
0.7
0.8
0.7
0.8
0.7
0.6
0.7
1.2

Alico, Inc. · ALCO

1.1
1.1
1.1
1.0
0.9
0.8
0.8
0.8
0.8
0.8
0.8
0.7
0.9
0.8
1.8
2.2
2.6
2.8
3.0

Archer-Daniels-Midland Company · ADM

1.5
1.7
2.1
1.8
1.8
2.1
1.8
1.6
1.6
1.5
1.4
1.3
1.3
1.1
1.0
1.1
1.3
1.2
1.5

Bunge Global SA · BG

1.5
1.7
1.7
1.6
1.4
1.6
1.3
1.2
1.3
1.4
1.4
1.5
1.3
1.1
1.0
1.0
1.0
1.1
1.5

Cal-Maine Foods, Inc. · CALM

1.8
1.8
2.1
2.1
2.3
2.1
1.9
1.5
1.5
1.5
1.6
1.7
1.9
2.3
1.9
1.8
2.1
1.5
1.5
1.3

Dole plc · DOLE

1.4
1.2
1.1
0.7
0.6
0.8
1.0
1.1
0.9
0.9
0.9
0.9
1.1
1.0
1.0
1.0
0.9
1.1
1.0

Forafric Global PLC · AFRI

0.1
12.5
29.7
30.6
-182.2
-164.8
120.5
109.3
-26.9
-34.2

Limoneira Company · LMNR

1.5
1.5
1.2
1.2
1.2
1.2
1.5
1.4
1.4
1.8
1.9
2.0
2.4
2.2
1.5
1.5
1.4
1.5
1.5

Tyson Foods, Inc. · TSN

1.6
1.7
1.7
1.6
1.2
1.1
1.0
1.1
1.2
1.1
1.2
1.1
1.2
1.1
1.1
1.1
1.2

Village Farms International, Inc. · VFF

1.9
1.4
1.2
0.6
0.5
0.4
0.3
0.2
0.3
0.3
0.5
0.4
0.4
0.3
0.3
0.4
1.2
1.4
1.1

Vital Farms, Inc. · VITL

4.8
4.6
3.4
2.4
3.1
4.0
3.6
3.1
2.7
3.4
4.6
8.4
6.1
6.1
4.6
5.6
5.7
4.1
1.8
09 · let price answer last

Market action

Archer-Daniels-Midland Company has the strongest one-year price move in Farm Products at +54.5%. It also leads on Mansfield relative strength against the S&P 500 at +14.3%. 3 of 12 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Farm Products comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 12 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
10 · the complete set

Which companies are included?

All 12 companies in the canonical Farm Products membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Archer-Daniels-Midland Company ADMAHEAD21/26 WEEKS$40.1B$83.22026-07-28Mar 2026
Bunge Global SA BG$22.8B$1172026-07-28Mar 2026
Tyson Foods, Inc. TSN$21.5B$61.22026-07-28Mar 2026
Cal-Maine Foods, Inc. CALMAHEAD$4.4B$93.22026-07-28Jun 2026
Adecoagro S.A. AGRO18/26 WEEKS$1.4B$10.02026-07-28Mar 2026
Dole plc DOLE$1.4B$14.22026-07-28Mar 2026
Vital Farms, Inc. VITL$592M$13.82026-07-28Mar 2026
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas LND$370M$3.72026-07-28Mar 2026
Alico, Inc. ALCO$284M$38.32026-07-28Mar 2026
Forafric Global PLC AFRI$281M$10.52026-07-28Dec 2025
Limoneira Company LMNR$245M$13.52026-07-28Jun 2026
Village Farms International, Inc. VFF$234M$2.12026-07-28Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 12 Farm Products companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Farm Products company comparison FAQs

These 18 answers restate the Farm Products comparison above in question form. Every one is computed from the same 12 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Farm Products company is the biggest?

Archer-Daniels-Midland Company is the largest, with trailing-twelve-month revenue of $80,584 million, ahead of Bunge Global SA at $80,547 million. That covers 10 of 12 companies with comparable reporting through Mar 2026.

Which Farm Products company is growing fastest?

Bunge Global SA has the fastest revenue growth at 56.9% year on year, across 10 of 12 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Farm Products company has the best profit margins?

Village Farms International, Inc. has the highest operating margin at 73.5%, from 11 of 12 comparable companies. Alico, Inc. shows the biggest recent improvement, at +704.9 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Farm Products company makes the most profit?

Archer-Daniels-Midland Company earns the most, at $1,084 million of trailing-twelve-month net profit, from 10 of 12 comparable companies. Vital Farms, Inc. has the fastest profit growth at -7.8%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Farm Products company earns the highest return on capital?

Village Farms International, Inc. leads on return on capital employed at 10.9%, across 12 of 12 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Farm Products stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Dole plc screens cheapest at 0.22×. Only 5 of 12 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Farm Products company has the strongest balance sheet?

Cal-Maine Foods, Inc. carries the lowest comparable gross debt at $0 million, from 11 of 12 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Farm Products company is investing most in new capacity?

Bunge Global SA reports the largest capital spending at $336 million, across 12 of 12 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Farm Products sector beating the market?

Farm Products has underperformed S&P 500 by 4.3% over the last 52 weeks and 5.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 12 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Farm Products stock has the strongest price momentum?

Archer-Daniels-Midland Company has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Farm Products company scores highest for research priority?

Archer-Daniels-Midland Company scores 65.3 out of 100 with 82% evidence confidence, from 18.1 points on growth and earnings, 13.8 on capital efficiency, 13.4 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Farm Products companies does this comparison cover, and over what period?

It compares 12 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Farm Products sector?

The 12 Farm Products companies on this page carry $93,586 million of combined market value. Archer-Daniels-Midland Company is the largest at $40,089 million, about 43% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Farm Products sector's P/E ratio?

The median price-to-earnings ratio across the 12 Farm Products companies on this page is 30.7×, measured on the 11 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Farm Products sector performing?

3 of the 12 covered Farm Products companies are beating S&P 500 on Mansfield relative strength. The sector itself is 4.3% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Farm Products stocks are listed in the US?

This comparison covers 12 listed Farm Products companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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