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Welcome from the Chairman |
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AgFeed Industries, Inc. is a US public company listed on the NASDAQ Global Market under stock symbol ˇ°FEEDˇ±. We are the largest commercial hog producer and the largest premix feed company in China. Founded in 1995, we currently have over 1,900 employees and a highly profitable business.
With over 600 million hogs produced each year, compared to 100 million in the US, China represents more than 50% of the world's annual hog production as well as the world's largest and most profitable pork consumer markets. We are a strategic platform for accessing China's vast feed and hog raising industries.
As of December 31, 2008, we own and operate 30 commercial hog farms and 5 premix feed plants. Our hog farms and feed plants are strategically located in south China where some of the most profitable feed and hog markets are located.
Our common stock is included in several Russell indexes: As of June 30, 2008, our common stock was included in the Russell 2000, Russell 3000, Russell Global Index and the Russell Microcap indexes.
A successful entrepreneurial story: 13 years ago (1995), our five founders started a small feed company with less than $10,000 in personal savings. We have since grown our privately held company into a highly profitable, multi-million dollar revenue public company. AgFeed currently benefits from an income tax free environment (hog production), successful M&As, strong synergies between our feed and hog raising segments, a strong balance sheet and our capital strength as a public company. Particularly, we believe we have the following areas of strength:
- Our management members are not only our largest shareholders but also senior industry executives. We have a strong Board of Directors overseeing our growth: Our board members and advisors are senior Wall Street executives and feed/hog industry experts.
- Favorable market environment - our hog production segment is exempt from all taxes and generates significant cash flow: Approximately 65% of China's annual meat consumption is pork. Lack of steady hog supply in a highly fragmented hog supply market and cultural preference towards daily slaughtered pork over other meats are the main reasons to drive hog price up. Strong cash flow: hog producers receive fully payment upfront from wholesale buyers.
- Our feed products have received "Green Certification": AgFeed has received ˇ°Green Certificationˇ± from the Minister of Agriculture of PRC for its premix products under the brand label ˇ°BEST.ˇ± This green certification laid the ground for our Hog Farms to produce hogs providing the certification of ˇ°greenˇ± pork.
- We have established relationships with 1,006 independently owned feed distribution chain stores: Our products consist of proprietarily formulated vitamins, minerals, and amino acids specifically tailored to address the nutritional requirements of livestock at various stages of life. Licensed under the Chinese Ministry of Agriculture, our products do not contain harmful components such as steroids or growth hormones. We distribute our feed products through 1,006 independently owned retail chain stores, distributors and large-scale hog farms. Our extensive product distribution network presents opportunities for any agricultural product distributor that wishes to enter China through us.
- Strong R&D capabilities and outstanding customer support: We believe AgFeed's technical team is among some of the best educated and most experienced in China's animal feed and hog raising industries. We offer customers critically needed technical support in addition to quality products.
- We operate in a large and fast growing market environment: According to the China Feed Industry Association, China will surpass the US as the world's largest animal feed market reaching $50 billion in annual sales by 2010. We are well positioned to continue our growth.
- Our industry reputation, knowledge and capital strength allow us to acquire profitable businesses at low single digit current year earnings multiples: We have successfully acquired and integrated multiple feed and hog farms. Due to our 13 year history and strong reputation, our ability to acquire commercial hog farms at low single digit current year earnings multiples reflects our management efficiency, experience and our focus on execution in a favorable market environment.
At AgFeed, we look forward to continued success with our customers and shareholders.
- Songyan Li, PhD, Chairman, AgFeed Industries, Inc.
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Latest Press Releases |
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| 03 05 ,2010> |
AgFeed Industries, Inc. Announces Participation in China Investment Conference |
| 02 09 ,2010> |
AgFeed Industries, Inc. Announces Arrangement to Sell a Portion of Its Feed Business to the Public Through an IPO |
| 01 29 ,2010> |
AgFeed Industries Identifies Key Managers for Business Units |
| 01 13 ,2010> |
AgFeed Industries Announces Commencement of Strategic Internal Reorganization |
| 12 17 ,2009> |
AgFeed Industries Forms Joint Venture With Hypor -- Hypor AgFeed Breeding Company Inc. -- to Develop and Operate Genetic Nucleus Farm in Wuning, China |
| 11 10 ,2009> |
AgFeed Industries, Inc. Announces Third Quarter 2009 Financial Results |
| 09 14 ,2009> |
AgFeed Industries, Inc. to be Added to S-Network ITG Agriculture Index(SM) |
| 09 10 ,2009> |
AgFeed Industries, Inc. Announces $50 Million Equity Credit Transaction; Participation in Global Investment Conference |
| 08 11 ,2009> |
AgFeed Industries, Inc. Announces Second Quarter 2009 Financial Results |
| 07 16 ,2009> |
AgFeed Industries Forms Joint Venture -- AgFeed International Protein Technology with M2P2 to Further Pan Asian Pork Production Using Western Technology |
| 06 17 ,2009> |
AgFeed Industries, Inc. Announces Results of Annual Meeting of Shareholders |
| 05 13 ,2009> |
AgFeed Industries Announces Entry into Letter of Intent to Create Joint Venture to Establish Pan Asian Pork Production Management Company Using Western Technology |
| 05 11 ,2009> |
AgFeed Industries, Inc. Announces First Quarter 2009 Financial Results |
| 05 07 ,2009> |
AgFeed Industries, Inc. Announces $10 Million Private Placement |
| 04 17 ,2009> |
AgFeed Industries, Inc. Names Selina Jin Chief Financial Officer, Receives Nasdaq Letter |
| 04 15 ,2009> |
AgFeed Industries Enters Into Hog Genetic Program Arrangement with Hypor, the Pig Breeding Division of Hendrix Genetics B.V. |
| 03 16 ,2009> |
AgFeed Industries, Inc. Reports Record 2008 Financial Results |
| 01 26 ,2009> |
Chinese Government Issues a New Policy as a Method to Help Prevent Large Declines in Hog Prices |
| 12 29 ,2008> |
AgFeed Industries Reports Year-End Equity Financing and Updates |
| 11 13 ,2008> |
Update: AgFeed Industries, Inc. Reports Record 3rd Quarter Financial Results, Revises 2008 Earnings Guidance |
| 11 13 ,2008> |
AgFeed Industries, Inc. Reports Record 3rd Quarter Financial Results, Revises 2008 Earnings Guidance |
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Board Members Participate
in a Chain Store
Opening Ceremony |
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Legal counsel William Uchimoto
at company headquarter |
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AgFeed Named China's Top
Ten Feed Company -
Award Ceremony |
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FEED US legal counsel
with company audit director |
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| 2008 Animal Husbandry Industry Economic Exposition in Jiangxi, China |
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