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Cramer's Wild Bull Agriculture Plays
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On the Tuesday 5-29-07 "Mad Money" TV show, Jim Cramer took viewers to the six "wild bull markets."Right now, he said, the Federal Reserve is on hold, and the economy, while "anemic," is not in a recession. And during economic weakness, the wild bull markets should be the first to recover, Cramer explained. Right now there are six wild bull markets.
The first, Cramer said, is in agriculture. There was a "deeply disturbing" editorial in The New York Times recently about reforming the farm bill. It discussed overhauling agricultural subsidy programs that reward big growers of traditional crops -- phasing them out and "replacing them with a single 'risk-management account.' "
According to the editorial, the bill would divert billions to help specialty crop farmers, and the reforms would spend money on rural conservation and food stamps, Cramer said. However, "thankfully this was just an editorial and not reality."
Cramer said he's confident this "travesty" will be averted and that the bull market in agriculture should stay alive.
There are three stocks he believes people should want to own here.
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