DALLAS, Oct. 12, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring AgFeed Industries Inc. (Nasdaq:FEED). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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AgFeed Industries Inc. (FEED) is engaged in the research and development, manufacturing, marketing, distribution and sale of pre-mix fodder blended feed and feed additives primarily for use in China's domestic pork husbandry market. FEED operates through wholly owned subsidiaries, Nanchang Best, Shanghai Best, Guangxi Huijie, Shandong Feed and HopeJia. On June 24, 2008, the Company acquired premix feed company Hainan Hopejia Feed Co. On January 3, 2008, the Company acquired a 70% interest each in Wannian Xiandai Animal Husbandry Ltd. Liability Co. (Wannian), and Jiangxi Huyun Livestock Co. Ltd. On January 4, 2008, FEED acquired a 60% interest in Ganzhou Green Animal Husbandry Develop. Co. Ltd. On January 7, 2008, it acquired Gang Feng Animal Husbandry Co. Ltd. On January 9, 2008, the Company acquired a 55% interest in Yichun Tianpeng Domestic Livestock Farm Ltd. (Yichun).
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In the report, the analyst notes:
"During the second quarter, the Company faced an extremely difficult operating environment as a result of a series of severe floods throughout its area of operations. The floods led to significant operating disruptions on the Company's farms and on the transportation infrastructure supporting the operations. The movement of feed and live animals was severely disrupted.
"FEED recently announced it has completed the acquisition of M2P2 LLC based in Ames, Iowa. M2P2 is a leading U.S. hog production company, with an industry reputation of success in innovation, productivity and efficiency in pork production. M2P2 is a joint-venture partner with AgFeed in AgFeed International Protein Technology Corp. ("AFIPT").
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