High inflation is increasing the cost of inputs like seeds, fertilizers, and machinery, making it more expensive for farmers to produce their crops. Moreover, labor scarcity is becoming a growing concern in the agriculture industry, with many farmers struggling to find enough workers to meet the demands. As a result, the U.S. agriculture sector might remain under pressure.
So, I think its best to avoid agricultural stocks Local Bounti Corporation (LOCL), Evogene Ltd. (EVGN), and Edible Garden AG Incorporated (EDBL).
