AgFeed and Zhongpin Benefit From Favorable Government Initiatives
The Bedford Report Provides Equity Research on AgFeed Industries & Zhongpin
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 07/29/11 -- Pork prices have skyrocketed close to all-time this year, prompting the Chinese government to step in to stabilize the market. This is welcome news for larger Chinese agricultural firms, as generous government investments are encouraging increased hog production. 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:
Latest statistics show China's pork prices surged 57 percent year-on-year in June, stoking inflation worries while setting pork suppliers fidgeting upon the potential shake-up in the industry. Despite surging consumption, China's pork is largely supplied by small family farms, which has been one contributor and victim to the price fluctuations. "About 60 percent of Chinese pig farms are small ones that produce fewer than 50 hogs each and every year," said Li Binglong, professor at China Agricultural University.
The central government said it would invest heavily in the large-scale pig farms and raise subsidies to encourage pig farmers to stay in the business. The Chinese Government says that it will invest 2.5 billion yuan ($390 million) in large pig farms this year. Also, all farmers and pig farms will receive a subsidy of 100 yuan for every sow they raise.
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AgFeed Industries declares its operating philosophy to be: "AgFeed, Government, Farmer." According to AgFeed, the company 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, yields and profit in "finishing" hogs within AgFeed's production system.
Zhongpin is a meat and food processing company that specializes in pork and pork products, vegetables, and fruits in China. The company recently posted a 40 percent year-on-year surge in first quarter revenues as the company says it "built up its brand image and brand recognition through general advertising display promotions and sales campaigns."
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Datum: 29.07.2011 - 06:16 Uhr
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