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Chairman bought shares. Form 4's changed.
Just under $3 million worth.
315000 at $5.435
240000 at $5.3537
Yep, loving those buys in the low 4's when we pulled back :D. Gotta skate to where the puck is GOING!
Up we go, think we break $10 by year end?
-Fernando
Green finish +.08 when the DOW was down -178.92
Thank You Morgan Stanley.
good video from The Street, balanced
http://www.thestreet.com/_yahoo/video/11148750/morgan-boosts-yonge-china-watch.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#992110688001
Rosen may be buying the stock now,,,Ha
what was Rodman's reasons for withdrawal?
Yongye International Announces Closing of $50 Million Equity Investment by Morgan Stanley Private Equity Asia
Chinese company got $50MM investment and they produce ORGANIC FERTILIZERS like OPHI (OTCBB)
SeekingAlpha article
The 8-K filing includes language that grants Morgan Stanley practically unfettered access to financial or other information (including non-public information), as well as Yongye's facilities, plants, employees, accountants, auditors, contractors and subcontractors. Morgan Stanley also garnered rights to preview proposed annual operating and capital budgets (Subdoc 4, Sec 8.7-8.9).
Homer Sun is an attorney educated at the University of Michigan where, in addition to law, Sun studied chemical engineering, a suitable undergraduate major for one conducting due diligence on a fertilizer company. While a law degree from a Big 10 school doesn’t equal instant credibility, when Sun states, “After extensive due diligence, we believe Yongye to be an exceptional company…,” investors are going to pay attention. Factor in a seat on the board of directors for Sun and investor's fears may begin to dwindle.
Morgan Stanley Private Equity Asia has significant experience in the region with investments in the neighborhood of $1.8 billion over 18 years. Their investment team is well educated and their investment strategy includes the goal of,
Maintaining intensive and rigorous due diligence and investment decision making processes.
http://seekingalpha.com/article/272689-yongye-seeing-upside-potential-in-mspea-s-investment?source=yahoo
In light of the CCME and RTO sector fiasco, for Morgan Stanly to be investing in YONG here and now, is a much higher value than the big investors of other stocks such as Hank Greenberg's Starr in CCME
NEW YORK (TheStreet) -- The Chinese reverse-merger company Yongye International(YONG_) announced Tuesday that it got a boost from some big Wall Street money, receiving a $50 million investment from Morgan Stanley's(MS_) Asian private-equity unit.
More on YONG
Yongye International Stock Gaps Up On Today's Open (YONG)
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Yongye International Inc.| YONG
UP
The move comes as a surprise. In recent months, institutional investors have increasingly forsaken Chinese small-cap stocks amid an expanding fraud scandal. At least 18 Chinese stocks are under trading halts or have been de-listed. The Securities and Exchange Commission has been investigating the space since last year.
Recent problems at Longtop Financial(LFT_), a Chinese company taken public through a straightforward IPO by Goldman Sachs(GS_), have increased worries among investors that financial accounting in the People's Republic isn't what it seems, and that overstated profits might be widespread. As with other Chinese companies this year, Longtop's Big Four auditor resigned, indicating that the company's management appeared to have forged bank documents and actively thwarted auditors' efforts to investigate.
Yongye -- which, like several other U.S.-listed Chinese small caps, produces organic fertilizers -- hasn't escaped negative attention. Several reports circulated on the Internet and written by investors with short positions in Yongye stock have raised questions about the company's financial reporting.
Yongye has denied the charges. But its stock, along with Chinese small-caps in general, have nonetheless taken a pounding. It has plunged more than 56% from above $8.50 in early January to $3.75 as of the close of trading Friday.
Morgan Stanley's interest in Yongye is, if nothing else, contrarian. "After extensive due diligence, we believe Yongye to be an exceptional company," said Homer Sun, a managing director of Morgan Stanley Private Equity Asia, in a press release announcing the deal.
Yongye said the deal contains a sweetener. If the company hits certain "multi-year profit commitments," Morgan Stanley will be able to convert convertible stock at $15 a share. The company didn't name the specific earnings targets or the amount of convertible stock that will be issued to Morgan Stanley.
Trading in Yongye stock was halted breifly Monday morning, joining more than a dozen other Chinese stocks under trading suspensions. There was a big difference, however. Yongye had favorable news to report. The other companies are under scrutiny because of fraud allegations.
Once trading began, Yongey stock exploded higher. Minutes after the opening bell, the company's shares were trading at $5.59, up more than 50%.
-- Written by Scott Eden in New York
Congrats today to YONG holders (myself included)!
It has been a terrible year for China small cap owners ... this could be the start of a turning point in the sector as many of these companies are trading a rediculous valuations and *some* of them should be legit.
Yong still trading a very low PE and still a great bargain given MS has confirmed its legitimacy!
China's Booming Agriculture Sector Benefits Yongye and AgFeed
May 27, 2011 08:16 ET
The Bedford Report Provides Analyst Research on Yongye International & AgFeed Industries
NEW YORK, NY--(Marketwire - May 27, 2011) - Agriculture represents one of the most important sectors of China's economy, providing more than 12 percent of the country's total Gross Domestic Product and employing in excess of 300 million farmers. China's growing agricultural sector has not only boosted profits for farmers, but has also benefitted Chinese producers of agricultural chemicals and animal feed. The Bedford Report examines China's Agricultural Sector and provides research reports on Yongye International, Inc. (NASDAQ: YONG) and AgFeed Industries, Inc. (NASDAQ: FEED). Access to the full company reports can be found at:
www.bedfordreport.com/2011-05-YONG
www.bedfordreport.com/2011-05-FEED
Yongye International is a leading agricultural nutrient company headquartered in Beijing, with its production facilities located in Hohhot, Inner Mongolia, China. The company produces and markets two lines of organic nutrient products: a liquid nutrient product which is sprayed on plants and a powder nutrient product which is added to animal feed. Earlier this month the company said that first quarter revenues more than doubled year-on-year due to an expanded distribution network, deeper penetration in existing market and the significantly enhanced market recognition of its products.
The Bedford Report releases regular market updates on China's Agricultural Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
AgFeed Industries operates two businesses in the People's Republic of China: animal feed nutrition and hog production. Revenues for the company's US hog production unit reached $57.9 million with an operating profit of $3.6 million. In its Chinese based animal nutrition segment, the Company reports first quarter revenue of $24.2 million and an operating loss of $835,000.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer
__________________________________________________________
http://www.marketwire.com/press-release/chinas-booming-agriculture-sector-benefits-yongye-and-agfeed-nasdaq-yong-1519776.htm
YONG
Here comes ROSEN
Put your money where your mouth is.
Settle this once and for all.
YONG number 8/9 on BUY-INS' imminent squeeze list:
http://www.buyins.net/tools/short_list.php?dys=%3E12
21 days listed.
YONG
Noted YONG is #14 on the BUY-INS' imminent squeeze list:
http://www.buyins.net/tools/short_list.php?dys=%3E12
Up 3% on otherwise miserable stock day.
YONG
OT: Mauiguy, excellent point(s) indeed. I've already made some lousy trades as I indicated, and most definitely lost more money in doing so than I would have if I just stayed in my original investment. A very important thing for me to be mindful of for sure.
Perhaps what would be more appropriate in my case given my limited knowledge, technical tools, time and money is to simply look for another long term investment that seems like it might be more likely to appreciate in value sooner than YONG shares are apt to. But the times have changed here in CGS land and I don't want to stick my head in the sand on that one either. Moreover, as you know, it's hard sometimes to stand back and see things truly. If, for instance, I venture out beyond my tiny range of normal practices and fall down a few times does this mean I'm barking up the wrong tree and better go back to my sandbox? Or is it analogous to learning how to ice skate wherein one must be willing to take many falls in the process of getting the hang of it? And is the first interpretation prudence and honesty speaking? or fear and intimidation? Likewise, is the second interpretation a bit of pragmatic wisdom and a willingness to learn anew? or is it a siren call wherein the glistening of gold is luring me further and further into financial ruin?
Moreover, I've heard from traders that for it to work one needs to be willing to use a fair amount of capital. Makes sense. If trading is aimed at making say 7-15% gains in short order, it doesn't amount to much trading only $2k bucks.
But, enough on this. I don't want to take up YONG's board time with more off topic comments and thoughts. Nonetheless I did very much appreciate your feedback and will include your thoughts in the mix as I cogitate further on what, if anything, I intend to do with our YONG shares.
Thanks,
Steve
Florinda, your post is interesting. I haven't owned YONG in ages, but I still continue to monitor this board.
Be careful regarding suddenly becoming a trader. A very high percentage of people do very poorly at it. As you well know, a lot of people on these various boards like to brag about their low buys and high sells. Not surprising, they always seem to buy at the lows and sell at the highs!! But, we NEVER hear about their high buys and low sells. NEVER!!! And, trust me, there are plenty of those. I don't care how many monitors they have at their disposal.....they still make plenty of bad trades.
But, yeah, it's always a good idea to stop and reflect on our individual investing/trading techniques. Nobody is perfect and we all make plenty of mistakes in the stock market.
I guess what I'm trying to say is that you (all of us) need to be very cautious when you begin to change your individual investing techniques. Often times this can lead to even greater losses because there will inevitably be another learning curve.
I'm thinking about trying to make some trades to earn back those losses rather than my normal approach of buy and hold. So far, though, that hasn't worked too well.
Florinda, your post is interesting. I haven't owned YONG in ages, but I still continue to monitor this board.
Be careful regarding suddenly becoming a trader. A very high percentage of people do very poorly at it. As you well know, a lot of people on these various boards like to brag about their low buys and high sells. Not surprising, they always seem to buy at the lows and sell at the highs!! But, we NEVER hear about their high buys and low sells. NEVER!!! And, trust me, there are plenty of those. I don't care how many monitors they have at their disposal.....they still make plenty of bad trades.
But, yeah, it's always a good idea to stop and reflect on our individual investing/trading techniques. Nobody is perfect and we all make plenty of mistakes in the stock market.
I guess what I'm trying to say is that you (all of us) need to be very cautious when you begin to change your individual investing techniques. Often times this can lead to even greater losses because there will inevitably be another learning curve.
I'm thinking about trying to make some trades to earn back those losses rather than my normal approach of buy and hold. So far, though, that hasn't worked too well.
Gabbs, no problem. Yeah, I hear ya. I own the stock and I'm not sure what I'm going to do with it. Some shares I can sell for a profit; some I can't. Doesn't look like it's going to be going too much higher any time soon. I've gotten hit twice now with halted companies and anticipate losing a sizable percentage in both. And with the environment in this space so sour, together with the losses on hand, I'm thinking about trying to make some trades to earn back those losses rather than my normal approach of buy and hold. So far, though, that hasn't worked too well. The pros are far better set up for it than I am with multiple screens, data feeds, level II quotes and an a well groomed mindset that is geared towards quick moves. I don't want to fool myself into thinking what they are doing is easy; there's definitely an art to it, let alone a different conception of how much cash to keep on hand to act quickly.
Anyway, definitely need to be cautious. Given your concerns, though, and given that I doubt you'll be able to get much more info on YONG, perhaps another company altogether would be the way to go. Indeed, it crossed my mind today that perhaps I should sell my YONG shares and trade them in for CHGY.OB shares. The latter has been beaten way down supposedly just because it's in the same line of business as PUDA. Have to check it out further, but it seems like it has the potential of jumping up enough on earnings to make back my loses I've incurred with YONG.
Good luck--we certainly all need it these days.
Steve
Thanks for the polite reply Steve.
The information is useful. Good to know that back then, it was a running business.
In my opinion, the fact that the company exist is no proof that their numbers have been manipulated in some or many ways.
Also, a company can change a lot in a period of a year or two. The things I read about the company get no clear replies, only attacks on the writers. (such as not displaying their clients names...why?)
However...I insist that the lack of current links or mentions of the company by any website or forum is suspicious to say the least. (note: I think is the only chinese company not listed in Alibaba. weird..).
I m not attempting to push the stock down..just feel that got scammed by the company.
Let's see what happens then. Maybe Im right...or maybe right now is the best moment to buy the stock. Time will tell.
Hi Gabbs, I've been a member of the MF Global Gains service for over two years now and they've specifically gone to YONG's facilities twice on two different trips and seen for themselves the improvements on the land such as new equipment and expanded operations. I just went to see if I could find any of the photos they'd taken but couldn't--they have a very large archive of past notes, etc. and after ten minutes of looking I gave up. But I can assure you that I did seem them and, as of today, YONG is regarded as a "buy" which is a notch below "best buy." So, obviously, they are not throwing the towel in on this one nor recommending selling it because of all the hubhub--no pun intended! But they are long term investors so waiting long stretches without much appreciation in price is, from that perspective, to be expected.
Just for the record, I don't mean to be pumping this stock. Indeed, I haven't been to this board in a long time. But seeing how YONG is talked about a lot on the Global Gains boards and I know for a fact that the company exists, I just wanted to state this since information on the company can be hard to come by.
Hope that helps.
Steve
Can you post any link that proves it exist other than yong's page itself or comments by investors? That'll convince me.
"Ive been repeating here over and over: the company doesnt exist ..."--Gabbs
This is a false statement. Over the past two and a half years the Motley Fools Global Gains advisers have visited the company, toured their facilities, taken pictures, seen some of retail stores that stock their products, eaten some of the food that was grown using their products, and talked to farmers who used their products. The company exists.
Steve
I guess its what Ive been repeating here over and over: the company doesnt exist, its a scam, manipulated numbers. We got screwed, I lost some, and others who insisted on holding, are REALLY scammed now that the stock will crash to worthlessness. My advice..sell, now, fast.
Rodman and Renshaw dropped coverage of $yong all together tonight
Ok guys when one analyst goes to china and do site checks gets worried you can brush it off, even when roth was their biggest support, they help yongye with their ipo forgodsakes, but now rodman and renshaw the biggest supporter of yongye dropped coverage all together tonight, and said their financial estimates should no longer be relied upon. Ok they were doing site checks, I want to know what scared the hell out of all these guys, what they saw. This is freaking crazy.
http://bit.ly/fSqKRw
Well, If I dont like a company, I dont invest. Of course. Others can do as they like. But Im impressed if somebody tells me that he/she invests in companies that doesnt like.
Well...yes and know.
First place to research about a company, of course is their own web site.
But after that, then its to see their presence in their market. That information cant be only supplied by them, but by other sources.
If Im buying shares of Nike, and lets imagine I never heard of them, I would like to see their page, yes, their financials according to them, yes, but also many of the other forums, webpages, adds they have on different websites, stores that mention them, offers they have and where is placed, etc.
Its very unwise to trust only their word, specially if its a continent away and different culture and language.
well where else do you get information other than from the company lol your either a reporting company or a non reporting company
Information still comes from a person and if thats what 'you' put your faith in for investing than wouldn't it be best to get it from some one who works there than rumored information.
I did find something in the time i looked, i will go look again later when Im not to busy. Motly Fool seems to like this company also i see. So basically if you dont like it dont invest right?
Whose Wuchuan shuntong and Wuchuan santong,$yong gave 38MM to shungtong and no info on them]
ok everybody is upset that we dont know anything about the mystery distributer $yong gave to a mystery hebei distributer but as part of my due dilgence on $yong I cant seem to find anything on Wuchuan shuntong and Wuchuan santong, they arent listed anywhere, not even alibaba. They are another black box mystery in yongye story. I find it bigger then hebei distributor story because we are giving 38MM to shungtong and no info.I would like to know who are their primaries, everything, if they have any relationship to yongye or anybody at yongye, nope nothing. here is my search results.
http://bit.ly/fSqKRw
Again, a website about investing, and the article is somebody evaluating the stock and the company...based on the information that Yong provides.
And that article is older than a year ago.
If you look for any well known company online, or their products, you'll find something in user comments, in commercial sites, anything. Yong is un-existent out of their own page, and financial comments of incautious westerners who analyze those numbers they provide.
Both are from last year, and like I said, just financial institutions buying the stock.
Please provide a link to a forum, a news, anything mentioning their product or company other than their own site, or financial sites or references to the stock. I found none. I find it unbelievable that any business that size is nowhere to be found on the web. Unless is untrue.
Also found some good reading here from a German,
http://china.fixyou.co.uk/2010/03/case-for-yongye.html
Uptrend, just a quick look and i found these guys
Dec 9, 2010 Oppenheimer Perform
Oct 20, 2010 Hudson Securities Buy
I dont think they would buy into a scam but then Lehman Bros WaMu and IndyMac were all scams. I always do my own DD cant believe any thing out there just have to go with the momo
Pull back? Cant disagree more. Ive been following the news about Yongye for some months now, and every analyis on those reports say that they make no sense. The crash in the stock value is precisely because everybody that dedicated some minutes to read those analysis, and then the absurds replies from the company, confirm our fears that the company is a scam.
I invite you to do this simple test: google for any of their products, or even a mention about the company in other site that is not their own or a western site about stocks. It only exists in those two. No mention whatsoever in any chinese forum, commercial site, or anything.
I accepted it already: I got screwed. Learned my lesson, move on.
This ones looking like it can trend back up for a month or two now on these earnings.
Yongye International, Inc. (NASDAQ:YONG - News), a leading agricultural nutrient company in China ("Yongye" or the "Company"), today announced preliminary financial results for the first quarter of 2011.
The Company's revenues for the three months ended March 31, 2011, were $50.2 million, more than double last year's first quarter revenues of $24.9 million. The significant increase in revenues was driven by higher demand for the Company's products in its traditional markets, and growth in several new markets. In addition, after the acquisition of the Hebei customer list in July 2010, the Company is selling its products at a higher price directly to lower level distributors in Hebei, which is Yongye's largest regional market in China. As of March 31, 2011, Yongye had 26,006 independently-owned branded stores in its network, compared to 24,036 stores at the end of 2010. In addition, during the first quarter of 2011, the Company achieved positive cash flow from operations.
For full year 2011, the Company continues to expect revenues of between $315 million and $325 million, representing an increase of 47.1% and 51.8% over 2010's revenue of $214.1 million. The Company expects adjusted net income attributable to Yongye, which excludes non-cash expenses related to share-based compensation for management and independent directors, the amortization of the acquired Hebei customer list, and a change in the fair value of derivative liabilities, of between $80 million and $82 million, representing an increase of between 47.9% and 51.6% over 2010 adjusted net income attributable to Yongye of $54.1 million. The Company has a year-end target of at least 30,000 for the number of independently-owned, branded stores selling Yongye's Shengmingsu products.
yeah it was horrible what they found. Not only was heibei farmers not using thier product, but they found shelves full of them. It what Im figuring $yong is push out scheme. nothing more.
So, they visited the company. And in this day and age, wouldnt be easy to post pictures and details about the company?
Damn...I feel betrayed by Yong..by the market...by ..life.
No more chinese small caps for me.
Anybody wondering Roth visit $yong sites, did not like what they saw
Ive been pounding my hands that this company didnt make any sense, at least somebody decided to make unpromptu visit to $yong sites. Now will they please tell us their distributers and the mysterious distributer they sold 5% of this company. http://bit.ly/fSh8mb
Painfully, I agree with you. Just sold my shares with a lost.
So this is my analysis of yongye, im not an analyst so take everything with a grain of salt and do your own due dilgence, I just wanted to see if I could get what other people were saying. And what I got its red alerts all over the place. The numbers dont make sense, ceo and cfo make claims that are wierd to me. And I couldnt find their product anywhere online, for a miracle product that can make you so much money, theirs not even a black market. LOL, here's my analysis I would love to see other people analysis on yongye, it will be a fun debate.
http://bit.ly/fSqKRw
Their rebuttals doesnt make any sense and contradict things he has personally said and in their own sec filings. He said his people primary works with distributers, but then in sec filings,it saids they manage stores, and help farmers use their products, stores with support, organize learning function, etc it doesnt make sense what he is saying. Then he saids heibei farmers have variable buying habits. Which doesnt make sense, unless heibei farmers dont follow the seasons like every other farmer in china. I could go on, what he is saying doesnt make sense to me, and the fact he is replying to a seeking alpha article, speaks louder then anything else. It is highly unusual for a ceo of a supposivly huge chinese company tobe even reading a seeking alpha article and then respond to it publicly. i would understand maybe wallstreet journal,cnbc, or even thestreet.com but sa come on, does that make sense. What is the ceo of $yong doing with his time, reading sa articles?
That's what I mean, you can't find their product anywhere. Their number 1 and 2 competitors are. And none of their distributers are selling it in any online store on alibaba. I can find their distributers for both of their competitors online but not for $yong. I cant even find it on ebay for $yong. Don't you think for a product that yields 10-30% and gives you multiple on your investment, somebody would blackmarket their items. You cant find it anywhere, but you can find their competitors. They have their product in 20k stores, you would expect somebody to list it, the profit margins would be huge. And then you look at their response. Dont you think its wierd for a ceo of a company to respond to a seeking alpha article. Not wallstreet journal, not financial times, or even street.com, a seekingalpha? I just dont trust this company, common sense is saying, if this was a product that can do what their ceo saids, you would find it everywhere.
Yongye explained it pretty well in their rebuttal of those amaturish Seeking Alpha articles. From my perspective the rebuttals were rational and responsible in clear contrast to the Seeking Alpha Articles.
Yongye do not sell online or internationally - not their marketing strategy. All their selling is through small rural stores with whom small farmers are already doing business. All explained on their website. Most of their end customers are probably not on the internet.
If $yong is so big, why isnt even listed on alibaba?
$yong top competitors listed on their 10k 2009 double dragon is listed so are their products http://bit.ly/eNg6IV ,Penshibao is listed http://bit.ly/e4PGho, but yongye and their lead product shingmengsu isnt even on it. http://bit.ly/hsiJlP http://bit.ly/fAZk5z For a product that their ceo saids could make you from 400 yuan if you invested 40 yuan , or in reality 3000-4000 yuan http://bit.ly/fLUoiJ You cant find it listed but all of their competitors are listed. It doesnt make sense to me.
Old article..
I got some shares of Yong, but Im still ambivalent about it after all we read about the legimity of the business.
DId some research, found this article, apparently the reporter sat with the Yong CFO, saw the company, etc...
http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/904-2010-chinahk-companies/2957-yongye-intl-80-sales-growth-this-year-very-realistic-
Would be good to contact the reporter and ask him first hand...
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Overview of Yongye
Yongye International is a leading developer, manufacturer, and distributor of Shengmingsu brand plant and animal nutrient products and is located in the People's Republic of China. While we have only been in operations a short amount of time, our predecessor company, Inner Mongolia Yongye Company, had over 15 years' operational history which it has passed on to us. From this experience, Yongye International, through its sole operating subsidiary in China, Yongye Nongfeng aims to inherit its predecessor company's managerial experience and corporate culture to continue emulating its long-term success. Through our long term research and development efforts, Yongye has developed proprietary extraction techniques and patented mixture processes for our plant and animal nutrient products which sell under the brand name of "Shengmingsu".
Taking lignite coal and leonardite coal as the raw materials and by applying modern extraction technologies, we produce a highly pure and natural liquid nutrient. Yongye's plant nutrient product can significantly increase the plant's output and nutritional value and improve the taste. As a result of receiving greater value in the marketplace, our product helps increase farmers' incomes and improves their living standard.
Directly addressing the need for greater efficiency and more stringent environment friendly requirements in the agricultural sector, Yongye's products dramatically increase the quality of crops and yields, and improve the health of livestock.
Yongye International's sole operating subsidiary, Yongye Nongfeng, is headquartered in Beijing, and carries out its main operations in the city of Hohhot, Inner Mongolia, PR China. Yongye International was successfully listed on the OTCBB Market in the U.S.A. in April 2008 and now trades on the Nasdaq Global Select Market under the ticker of YONG. The majority of the Company's sales take place through a network of provincial level distributors and a retail sales model which includes a unique community based branded store footprint.
1. Greater yields, more production - sweet melon
In Tangshan, Hebei province, Mr. Shunli Yan sprayed Shengmingsu onto his sweet melon crop. He found that the melons onto which Shengmingsu was sprayed could be harvested up to 5 days earlier than those melons which did not receive any Shengmingsu. According to Mr. Yan, the previous year's production of sweet melons from his three sheds was very small, and generated total income of 30,000 RMB. This year, his yield was 7,000 grams of melons, which generated total income of 50,000 RMB, and his total income was 10,000 RMB more per mu.
2. Enhanced growth, stronger seedlings - cucumber
In 2007, Mr. Changliang Yang's cucumber seedlings were badly frozen after heavy snow falls in Cangzhou, Hebei province. After applying two bottles of Shengmingsu on them, they became stronger and their leaves became fuller and greener. Mr. Yang said, "With real effects, Shengmingsu helped my cucumber seedlings survive."
3. Resistance against disease and pests, improved effects - paddy
After using Shengmingsu, Mr. Guohua Lu in Huan'an, Jiangsu province saw his rice develop stronger individual plants and improved resistance against disease. His rice crop grew faster by an average of 4 to 5 days and were able to fight off the diseases which typically occur. Mr. Lu's average yields per mu increased by 18.6% and income per mu increased by 200 RMB.
4. Resistance against draught, prevention of frozen - chilli pepper
Located in a draught area, Mingqin county saw unprecedented snow in the spring of 2008. The county has 47 greenhouses. Mr. Yuhua Pei and five other households in Weiwu, Gansu province used Shengmingsu on their peppers in six greenhouses. Plants in 40 of the 41 other greenhouses froze to death. Plants barely survived in the one remaining greenhouse in which Shengmingsu was not used. Yuhua Pei said, "Shengmingsu has the amazing ability to help prevent plants from freezing."
5. Fights against continuous cropping, and reduces hazards to crops - cucumber
Ms Teng Zhang used streptomycin to prevent angular leaf spot disease on cucumbers. This caused burning, withering, fading, defoliation, and falling flowers and fruits. Three days after using Shengmingsu for the first time, life signs and normal growth returned to the cucumbers. Teng Zhang said, "Shengmingsu is a life-saving product!"
6. Improve product quality, better taste - white radish
Hohhot, Inner Mongolia
White turnips sprayed with Shengmingsu had stronger and faster growth, were fuller and crispier, and tasted sweeter than usual. They also went to market 10 days earlier than usual. Production per mu increased by 10,000 grams and total income per mu increased by 4,500 RMB.
7. Early maturity and longer picking period, higher price - tomato
According to Zhaoan Zhu in Weiwu, Gansu province, tomatoes sprayed with Shengmingsu were healthier and had a significant increase in disease resistance. They required a fifth as many fertilizer applications. Tomatoes sprayed with Shengmingsu went to market 17 days earlier than usual, and production increased by 1,200 kg per mu, generating additional total income of 2,800 RMB per mu.
8. Decrease in fertilizer residual, healthier products - cucumber
Xia Zhao in Cangzhou, Hebei province said that after using Shengmingsu, his cucumber plants grew longer, individual plant yields increased and his cucumbers tasted better. The harvest time increased by 20 days and production increased by 40%. Evidence showed that cucumbers absorbing "Shengmingsu" met all of China's national standards for green food.
China has a total of 155 million hectares of arable farm land and 1.3 billion people. This represents 7% of the world's arable land and 20% of the world's population. China's large population means that each hectare of land must feed an average of 10.3 people, versus 5.1 people in the European Union and 1.6 people in the United States. Because of its large population, China has only 0.04 hectare of arable land per person. This is approximately 50% of the amount of arable land per person in the United States (Source: US Census Bureau, www.census.gov). A limited amount of arable land and a large and growing population have created a significant need to increase the output of crops per hectare in China
As the China's economy continues growing, consumer demand for better quality food products is increasing. Food security has become a national priority in China. According to the China National Statistic Bureau, the proportion of middle class people in China will rise from 40% in 2005 to 66% in 2015. With a rapidly expanded middle class, consumer demand for better food products, "Green Food," is expected to grow.
Globally, crop nutrient demand remains very positive and has increased approximately 13% from 2006 to 2008 (IFA November 2008). In China, the demands for organic plant nutrients are expected to grow as concerns over food quality and environmental issues increase. Over reliance on chemical fertilizers has led to soil degradation and water pollution, raising the importance of alternative means of increasing productivity.
The Chinese government plans to spend approximately $169 billion, 1.6% of GDP, between 2006 and 2010 on projects associated with the environment. In 2007, China spent about $5.9 billion on direct subsidies for grain production and the purchase of agricultural materials, up 63% from 2006.The government currently is planning on additional farm subsidies, land reform initiatives and the elimination of certain agricultural taxes. It is promoting the production of organically grown products by setting new standards.
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