Laifeng Anpulo (Group) Food Development Co. Launched 'A Hundred Thousand Number Zero Hogs'

Mar 16, 2016, 16:18 ET from Anpulo Food Inc.

LAIFENG CITY, China, March 16, 2016 /PRNewswire/ -- On February 24th, 2016, Laifeng Anpulo (Group) Ltd. signed a 5-year cooperation agreement with Hefeng County, Bureau of Animal Husbandry and Veterinary to construct a breeding facility in Hefeng Country, with annual production of a hundred thousand 'Number Zero Hogs'.

With the advantage of natural breeding resources in Hefeng County, Anpulo will exercise the 'Corp + Local Farmer Household' method with its 'Number Zero Hogs' breeding process. According to the Breeding and Purchase Agreement between Anpulo and the farmer households, Anpulo will set up breeding standards and will secure the purchase of 'Number Zero Hogs' products from local farmer households; of which the indicated will be based on standard, time, quantity, and price.

The Bureau of Animal Husbandry and Veterinary in Hefeng County will organize and coordinate the breeding process and will also be in charge of plague prevention, supervision, guidance, and management of farmer household production. Price Insurance and Disease insurance will also be adopted in order to protect the farmer households' benefits. During the cooperation agreement period, Anpulo will provide local farmer households favorable purchase prices that will be based on market price as well as a subsidy of 120RMB per head of hog raised.

To cooperate with the '2017 Accurate Anti-poverty Programs' of Local Government, the Bureau of Animal Husbandry and Veterinary will appropriate 'Policy Support' funds to the project and will actively coordinate with any departments concerned to create a favorable external environment.

The successful performance of the project will contribute to the expansion and development of the hog-breeding industry, with Anpulo having 100,000 more hogs in production. Additionally, after 2016's Chinese New Year, Laifeng Anpulo (Group) will actively reform and optimize its internal management and production structure. The company will also shift its target to high-end markets in Shanghai and Eastern China. Projected revenue and profit is expected to increase significantly from current levels.

SOURCE Anpulo Food Inc.