August 21, 2008

US Hog Industry Expert Gerry Daignault has Joined AgFeed as Chief Operating Officer AgFeed Industries, Inc.

AgFeed, the largest commercial hog producer and the largest premix feed company in China, announced intentions to expand acquisitions of pig farms in China recently.

Daignault, to be based in China and Nashville, Tennessee, would be in charge of hog production and strategic development.

He will join Dr. Li Songyan, AgFeed's Chairman, in strategic discussions and participate in institutional investor presentations which will begin in September.

Prior to joining AgFeed, Mr. Daignault was a strategic advisor to AgFeed as well as the managing director of Spectrum Agribusiness, a leading US hog industry advisor co-founded by Dennis Harms, the former founder and CEO of Premium Standard Farms, now a subsidiary of Smithfield Foods.

Mr. Daignault, age 50, brings to AgFeed more than 26 years of senior US executive experience including 18 years at the Chief Financial Officer (CFO) level for several leading US and global agricultural companies in animal feed and hog production.