China-American farm involvment.

CHINA-AGFEED..

This week the spotlight will be on AgFeed Industries. FEED is engaged in the research and development, manufacture, marketing, distribution and sale of pre-mix fodder blended feed and feed additives primarily for use in China ’s domestic pork husbandry market.

Last week I took a stake in FEED. A day latter added to the position. Lets examine the reasons behind the decision.

Back on March 16, 2009, FEED announced record earnings. What stuck out the most was the stellar earnings growth.

NEW YORK , March 16 /PRNewswire-Asia/ -- AgFeed Industries, Inc. (Nasdaq: FEED - News), the largest commercial hog producer and the largest premix feed company in China , today announced record financial results for the year of 2008:

-- Earnings of $0.54 per share compared to 2007 Earnings per Share of $0.26 -- Net Income of $16.95 million compared to 2007 Net Income of $6.66 million -- Adjusted Earnings Per Share of $0.74 -- Adjusted Net Income of $23.21 Million -- Revenue was $143.66 million up from $36.16 million in 2007 -- Gross Profit was $34.44 million -- Cash and cash equivalents are $24.84 million as of December 31, 2008 -- Total Assets of $137.05 million as of December 31, 2008

The COO added: "In 2008 AgFeed improved all of the financial metrics that are key to building the Company’s enterprise value.

AgFeed’s plan will direct its mission through 2010 and 2011 during which time the Company believes that the Chinese markets will once again attain double-digit growth rates. Increasing urbanization and the swift growth of the Chinese middle class, strongly position AgFeed for the expanding Chinese consumer pork market.