When Dow Chemical and DuPont announced its megamerger two weeks ago, Jim Cramer loved the deal. But as much as he loved that deal, he does not want investors to forget that the entire agriculture industry has been in a lot of pain lately.
It was not long ago that Wall Street used to love this group, thanks to the "feed the world" thesis. This is a theory that the global population was growing and transportation infrastructure was improving, thus there would be higher demand for food and everything else that is needed to keep livestock healthy and grow crops.
"The ag cohort was supposed to become a secular growth story where the stocks could rise slowly and steadily. Instead, the group has become toxic, as the feed the world thesis has meant starvation for your portfolio," the "Mad Money" host said.