--(www.USEquityNews.com)-- 11/28/2007 - Farm Products industry alert provided by U.S. Equity News. Agricultural processor Archer Daniels Midland Co. (NYSE: ADM) said recently that Executive Vice President William Camp will retire by the end of the year. Camp has been with ADM since 1985. He most recently served ADM's strategic planning committee. Shares rose 49 cents to $36.08 in afternoon trading.
Beijing-based Origin Agritech Ltd. (NASDAQ: SEED), which supplies hybrid seeds in China and Asia, recently appointed Veronica Jing Chen chief financial officer, effective Dec. 15. Chen, 41, replaces Jeff Wang, who resigned the post to pursue other interests. Chen previously served as senior director of finance at ShanghaiMed iKang Healthcare Inc., a healthcare management and service provider.
Cal-Maine Foods Inc. (NASDAQ: CALM), which produces and sells eggs, said recently its board of directors adopted a variable dividend policy in which shareholders will be paid depending on whether the company earns a profit. Beginning with the third quarter, which ends March 1, the company said it will pay a dividend to shareholders on a quarterly basis equal to one-third of any net income Cal-Maine reports. The dividend will be paid to shareholders of record as of the sixtieth day following the last day of the quarter, the company said.
Farms, Inc. (OTCBB: USFI), a diversified commercial Farming and Nursery company, recently announced financial results for the third quarter ending September 30, 2007. US Farms, Inc. posted revenue of $2,726,294 for the quarter ended September 30, 2007 versus $214,509 for the same period last year. This increase was due mainly the result of revenues generated through the California Produce Exchange business segment.
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