Origin Agritech Inks Contract Planting Agreement With This Farming Company

Origin Agritech Inks Contract Planting Agreement With This Farming Company
  • Agriculture technology company Origin Agritech Ltd SEED has signed a contract planting agreement with farming company Sichuan Yingdafeng Agriculture Tech Co Ltd.
  • Under the terms of the agreement, Sichuan Yingdafeng will grow 100,000 mu (or 16,500 acres) of Origin's NEC corn for the 2023 growing season.
  • Origin will provide the seed and planting support services and has guaranteed to purchase the corn.
  • The corn will be sold to feedstock companies and hog farmers.
  • Price Action: SEED shares are trading higher by 2.50% at $11.71 on the last check Thursday.
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