Digging up 5 agricultural stocks

Financial journalist and commentator on 3AW and Sky Business
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With good rain starting to fall in many parts of Australia, investors’ attention is starting to turn to the agricultural stocks.

Of course, the rain is never uniform.

May saw above-average rainfall over parts of coastal South Australia, Victoria, and inland southern New South Wales, but much of New South Wales and Queensland are still in drought conditions. Western Australia’s cropping areas have seen welcome rain this month, but northern NSW and southern Queensland are on track for a third consecutive poor season: there has been good autumn rain, but the extended dry preceding the rain may dissuade many farmers from planting a winter crop, because the required soil moisture is not present.

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