Will this $65 billion bonanza turbocharge the Elders (ASX:ELD) share price?

The Elders Ltd (ASX: ELD) share price is sliding today, down 2.33% in early afternoon trading.

At $12.07, the Elders share price hit its 2020 peak on 20 October. At the time, Elders shares were up 87% for the year. Since then, shares have retraced around 17%. Still, that leaves the share price up an impressive 56% year to date.

By comparison, the broader S&P/ASX 200 Index (ASX: XJO) is flat for the year.

And the latest data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) could see Elders continue to outperform into 2021.

We’ll look at that below. But first…

What does Elders do?

Elders Ltd provides a range of services to customers working in the agricultural industry. These services…