8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

November 29, 2010

Date of Report (Date of earliest event reported)

AgFeed Industries, Inc.

(Exact name of registrant as specified in its charter)

Nevada	001-33674	20-2597168
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Ident. No.)
Suite A1001-1002, Tower 16, Hengmao Int’l Center Nanchang City, Jiangxi Province, China		330003
(Address of principal executive offices)		(Zip Code)
86-791-6669093 Registrant’s telephone number, including area code
N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

Item 7.01                      Regulation FD Disclosure.

On November 29, 2010, members of management of AgFeed Industries, Inc. (the “Company”) will make a presentation to the Hong Kong Stock Exchange.  A copy of the presentation materials, dated November 29, 2010, is attached hereto as Exhibit 99.1 and is incorporated herein by reference.  The presentation materials are being furnished to the Securities and Exchange Commission and shall not be deemed to be “filed” for any purpose.

Item 9.01                      Financial Statements and Exhibits.

(d)	Exhibits:
99.1	Investor presentation, dated November 29, 2010, of AgFeed Industries, Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AGFEED INDUSTRIES, INC.
Dated:  November 29, 2010
	By:	/s/  Gerard Daignault
			Gerard Daignault
			Chief Operating Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Investor presentation, dated November 29, 2010, of AgFeed Industries, Inc.

EX-99.1

AgFeed Industries, Inc.

Presentation

to

Hong Kong Stock Exchange

NASDAQ: FEED    NYSE Alternext: ALHOG

Hong Kong

29 November 2010

Safe Harbor Statement

This presentation contains “forward-looking statements” within the meaning of the “safe-
harbor” provisions of the Securities Litigation Reform Act of 1995. Such statements
involve known and unknown risks, uncertainties and other factors that could cause the
actual results of the Company to differ materially from the results expressed or implied by
such statements, including changes from anticipated levels of sales, future national or
regional economic and competitive conditions, changes in relationships with customers,
access to capital, difficulties in developing and marketing new products, marketing
existing products, customer acceptance of existing and new products, and other factors.  
Accordingly, although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct. The Company has no obligation to update the
forward-looking information contained in this presentation.

AgFeed: An Overview

An international agribusiness leading the
modernization and integration of the Chinese
hog & animal nutrition industries

Animal Nutrition

Harvest Initiative

Hog Production

AgFeed Industries, Inc.

An International Agribusiness

AgFeed: Profile

AgFeed Industries, Inc. is a, NASDAQ listed company operating in China; ticker symbol FEED.  It is
also listed in Europe, NYSE Alternext: ALHOG

AgFeed is focused on becoming a fully integrated market leader and already has a leadership position
in two of the three core business areas:

Animal Nutrition, including additive premix, concentrates and complete feeds

The Chinese feed industry is a $58.0B of which pig feed is $20.5B

Hog Production 625 million head slaughtered in China (2009) versus ~100 million in US

AgFeed operations are currently comprised of the following:

31 farms in China & 10 sow farms with a 200+ farm finishing system in the United States

2,000employees

5 feed mills

USD in millions

2005

2006

2007

2008

2009

Animal Nutrition

$7.6

$8.6

$36.2

$51.7

$63.6

Hog Production

0

0

0

$91.9

$109.5

Total Revenue

$7.6

$8.6

$36.2

$143.6

$173.2

M2P2 Acquisition: Transforming AgFeed

Establishes AgFeed as an international hog production company positioned to
respond to global opportunities for growth and development

Growth opportunities exist in; China, the United States and Southeast Asia

This business combination will double our revenues

M2P2 produces 1.3 million market hogs per year

M2P2 brings to AgFeed the hog production industry’s leading team with a proven
record of outstanding performance as measured by numerous metrics

M2P2 operates in; Iowa, Colorado, North Carolina and Oklahoma

In partnership with local government we are developing our western production
pods (7 farms) in Dahua and Xinyu under M2P2’s leadership

Operating & Organizational Structure

AgFeed Animal Nutrition, Inc.

(AANI)

Chinese Production System

Existing 31 Farms

M2P2 (U.S. Production)

Western-Style Farms
(Dahua and Xinyu
Production Pods)

AgFeed International Protein
Technology (AFIPT)

Harvest Initiative

AgFeed Industries, Inc.

An International Agribusiness

Business Strategy: AgFeed, Government & Farmer

Recognizing the cultural and political significance of the Farmer and the vital role
of Government our core operating philosophy is: AgFeed, Government & Farmer

Government (local & regional) works with us to secure the land necessary for
developing our new western-style farms, to put in the necessary infrastructure of
roads, power and water and to coordinate our local farmer relationships

Local farmers, in partnership with AgFeed, “finish” pigs from 40 pounds to market
weight

AgFeed provides; training, feed, nutritional and veterinary support and insulates
the farmer from market risk, providing farmers with employment and income

AgFeed leverages its operational expertise and human capital while establishing
a production base of high quality, verifiably safe pork

AgFeed: Profile

- feed mill

- hog farms

AgFeed: Profile

Animal Nutrition

Founded in 1995 by animal nutrition experts.  The animal nutrition business
produces additive premix, concentrates and complete feeds

AgFeed has exclusive distribution arrangements with approximately 1,300  
independently owned retail stores and serves over 790 commercial farms.

Hogs

Currently 31 farms with a capacity of 600,000 market hogs per annum.

Construction of two production pods with a total of 35,000 sows and market hog
capacity in excess of 850,000 head.

U.S. production system producing 1.3 million market hogs annually.

Harvest

AgFeed is moving forward in completing the development of a fully integrated
production system controlling all aspects of production and processing in a safe,
verifiable and auditable system

AgFeed’s processing business will initially be scaled to harvest 2,000,000 hogs per
year, AgFeed’s 2015 targeted controlled production.

China Dynamic: Macro

Pork production in China is a key political, social and security issue and  
promotes the  advancement of science, technology and health standards

The “Food Safety Law” went into effect June 2009 providing a legal basis for
the government to strengthen food safety

Economic growth in China is driving the consolidation and
commercialization of
pork production using the Western model

Meat demand and production strains continue to increase as China’s 250
million        middle class grows due to rapid urbanization. 20 new cities
planned with a 100 million people projected to move to urban centers by
2020

China Dynamic: Agricultural

Pork consumption accounts for 63% of the meat consumed in China
and is expected to grow at rate of 22.3% from 2009 through 2013

Projected pork demand by 2015 will approach 68 million metric tons up
45% from  46 million metric tons in 2009

Government intervention through the PRC’s Ministry of Commerce in
the hog market through the Hog Reserve operations is standard

China has 22% of the world’s population but only 7% of the world’s
arable land

Animal Nutrition

Retail distribution through approximately 1,300
exclusive, independently-owned retail stores

More than 790 large commercial direct hog
farms

AgFeed’s 5 manufacturing facilities which are
strategically located in Nanchang, Nanning,
Hainan, Shandong and Shanghai

AgFeed enjoys a large distribution footprint in
China’s animal nutrition market

Significant growth opportunities still remain as a
result of consolidation

Strong brand loyalty and recognition

Animal Nutrition

There is a growing demand in China's larger, more sophisticated live animal
production systems to utilize complete feeds. We have demand from over
half of our commercial accounts for delivery of complete feeds

The Food Safety Laws passed in 2009 are accelerating the consolidation of
the feed industry.  In 2007 there were 15,000 feed mills in China with
average production capacity of 10,000 tons p.a. today there are less than
11,000.  We expect this trend to continue and accelerate

AgFeed’s total feed sales were 117,000 metric tons in 2009 versus 74,500
metric tons in 2008

The Chinese feed market is expected to grow 38% over the next 4 years

Hog Production: China

AgFeed acquired 31 hog farms in 2008 with the capacity for 30,000 sows and
production capacity of 600,000 market hogs

Commenced development of 7 western-style, technological advanced, hog farms
with capacity for 35,000 sows and production capacity 850,000 market hogs
annually

New western farms will enter production in Q4 2011

We are a market leader in China, less than 2% of hog farms nationally produce
over 500,000 market hogs annually

Our production target for 2015 is 2,000,000 market hogs annually making AgFeed
a top 5 producer in all of China

Hog Production: United States

AgFeed acquired M2P2 in September 2010 establishing a significant market
presence in the United States

The M2P2 production system is comprised of 10 sow farms in: Colorado,
Oklahoma and North Carolina and a contract finishing system of over 200 farms in
Iowa

Our U.S. production system is the industry leader in terms of all productivity and
efficiency metrics

Producing 1.3 million market hogs annually ranks our system as #23 in the U.S.

The industry leading team of managers and executives at M2P2 has added
significant depth and breadth to our human capital resources

Significant growth opportunities exist in the U.S. for highly efficient producers

Harvest - Processing

Harvest (slaughter, processing & marketing) initiative was launched in 2010
representing AgFeed’s final step in deploying a fully integrated hog production
system

Harvest facilities will be located and scaled to serve the production output of our
western-style farms in Dahua and Xinyu

Harvest business initiative will enable AgFeed to capture additional margin
through value added slaughter and processing

We expect the fully integrated production model assuring verifiably safe pork and
standard processing will be attractive to major international distributors

Our production facilities will be ideally located to serve the growing urban markets
of southeastern China

Business Strategy: Importing Expertise & Technology

Improving efficiencies in our existing farm system is driven by importing and
implementing technologies and procedures to improve yields and feed conversion

Assuring continual access to cutting edge technologies, methods and procedures
AgFeed has entered into joint ventures with market leaders; Hypor Genetics, PIC
& M2P2

Hypor and PIC are the world’s largest suppliers of advanced swine genetics
providing the most technologically advanced breeding stock to both our
established farms and our new western-style farms

M2P2 is a leading innovator in hog production in the U.S. and is our joint venture
partner in the development, design, construction, start-up management and
training for our western-style farms

Milestones: 2009 & 2010

Record revenue for 2009 & first half of 2010

Implementation of genetics program

Western Farm Progress: Dahua & Xinyu

M2P2 Acquisition

Feed Division - AgFeed Animal Nutrition (“AANI”) carve out

Harvest Initiative

Expansion of Shareholder Base

Summary: Investment Highlights

Pork will continue to dominate the
protein market in China

Significant and growing demand for
“safe” meat products

All our operations, technologies and
procedures are focused on assuring
and delivering “safe” pork to the
Chinese consumer

We are a leader in modernizing and
integrating the Chinese hog industry

We have already achieved scale to be
a top 5 producer in China and will
continue our growth rate

Broad dedicated distribution network
for our nutrition products

Ideally located to serve China’s
growing southeastern urban markets

China’s demand for “safe’’ meat products

Source: MOA, Rabobank estimates, 2009

100%

40

80

32

11

Conclusion

Revenue

millions

We expect continued growth as we execute our plan for the expansion of our western-
style, technologically advanced farms, the growth of our animal nutrition business and
the development of our Harvest strategy and operations.  Integrating and modernizing
the Chinese hog industry to assure “safe” pork is available to the Chinese consumer.