Long Term Growth Strategies at AgFeed and Zhonpin Remain Intact
02 Settembre 2011 - 2:16PM
Marketwired
With small family farms falling to the pressure of volatile pork
prices, higher costs and an outbreak of disease, industrial-scale
farms are becoming an important part of China's pork industry. The
Bedford Report examines the outlook for companies in China's
Consumer Goods Sector and provides equity research on AgFeed
Industries, Inc. (NASDAQ: FEED) and Zhongpin, Inc. (NASDAQ: HOGS).
Access to the full company reports can be found at:
www.bedfordreport.com/FEED www.bedfordreport.com/HOGS
China Daily recently published an article about
government-mandated programs to make the same shift to the kind of
larger scale operations that now produces more than 70 percent of
the hogs in the United States. The Chinese Government says that it
will invest $390 million in large pig farms this year and that all
farmers and pig farms will receive a subsidy of at least $15 for
every sow they raise.
China is both the world's largest hog producer, with more than
450 million animals, and the world's largest pork consumer. This
year, due to disease and production shortfalls, China has had to
turn to the US and other suppliers for imports.
The Bedford Report releases investment research on China's
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A growing number of companies have laid out plans to build or
purchases large industrial-scale pig farms.
Despite writing off some of the more than 30 hog farms acquired
in the last two years, AgFeed Industries continues to be a growing
player in China's hog production sector. AgFeed and the local
government together act in partnership with local farmers to secure
the necessary financing, provide the necessary guidance, technical
and nutritional support in order for the farmers to improve their
productivity.
Zhongpin is a meat and food processing company that specializes
in pork and pork products in China. Presently Zhongpin is investing
about $61.5 million to build a slaughtering and processing plant,
low temperature prepared pork plant, logistics center, and research
and development center in Nong'an county, Changchun, in the Jilin
province of China.
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