Should You Buy Food Stocks? We All Gotta Eat

Food stocks — which include agriculture, manufacturing, packaged goods and grocers — are one area of the market that's doing well.

A woman puts a red bell pepper in a mesh bag in a grocery cart.
(Image credit: Getty Images)

In a terrible time for most stocks, a few sectors have done awfully well. Energy stocks, of course. Also defense and aerospace (there’s a war on) and healthcare (needed always). Another strong sector may come as a surprise: food stocks. 

Archer-Daniels-Midland (ADM), the giant food-processing company, surged 39.7% in 2022, and General Mills (GIS), whose brands include Pillsbury, Häagen-Dazs and Progresso, returned 27.6%, including an attractive 2.6% dividend yield. 

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James K. Glassman
Contributing Columnist, Kiplinger's Personal Finance
James K. Glassman is a visiting fellow at the American Enterprise Institute. His most recent book is Safety Net: The Strategy for De-Risking Your Investments in a Time of Turbulence.