--(www.USEquityNews.com)-- 11/29/2007 - Farm Products industry alert provided by U.S. Equity News. Cal-Maine Foods, Inc. (NASDAQ: CALM) recently announced that the Company's Board of Directors has approved the adoption of a variable dividend policy to replace the Company's present fixed dividend policy. Effective with the third quarter of fiscal 2008, which ends on March 1, 2008, Cal-Maine will pay a dividend to shareholders of its Common Stock and Class A Common Stock on a quarterly basis for each quarter for which the Company reports net income computed in accordance with generally accepted accounting principles in an amount equal to one-third (1/3) of such quarterly income. Dividends shall be paid to shareholders of record as of the sixtieth day following the last day of such quarter and payable on the fifteenth day following the record date.
The Mosaic Company (NYSE: MOS) announced recently that it will participate in Citi Investment Research's 2007 Basic Materials Symposium in New York on Tuesday, December 4, 2007. Jim Prokopanko, Mosaic's President and Chief Executive Officer, will be speaking at 8:15 a.m. EST. The presentation will be on the company's website at http://www.mosaicco.com/investors. Questions can be directed to Mosaic's Investor Relations department via e-mail to investors@mosaicco.com.
Origin Agritech Limited (NASDAQ: SEED), a leading, vertically-integrated supplier of hybrid seeds in China and parts of Southeast Asia, recently announced the appointment of a new Chief Financial Officer and two additional internal changes to its management team. Ms. Veronica Jing Chen has been named Chief Financial Officer, effective December 15, 2007. Ms. Chen, 41, has more than 20 years of experience in international accounting, finance, and management, including five years at a U.S.-listed public company.
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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