AgFeed Industries to Ring NASDAQ Market Opening Bell on the Morning of June 4, 2008

NEW YORK, NY, May 20 (MARKET WIRE) --
AgFeed Industries, Inc. (NASDAQ: FEED), a leader in China's premix feed
and hog raising industries, today announced that the Company's management team
is
scheduled to ring the NASDAQ market opening bell on the morning of June 4, 2008.

AgFeed has previously announced that it will hold its annual shareholders
meeting in
New York City at TheTimesCenter Hall, located at 242 West 41st Street, New
York, New York, 10018, on June 3, 2008 at 10:00 a.m. EDT. AgFeed shareholders
are invited and encouraged to attend the annual meeting.

AgFeed's engaged US hog industry advisor, Spectrum Agribusiness, led by
Mr.Gerry Daignault and Mr. John Stadler, has also been invited to share with our
shareholders their industry knowledge about China's hog raising industry. Mr.
Daignault, the former CFO of PIC USA, Inc., the largest swine genetics
operation in the US, has recently visited AgFeed in China and has reviewed
AgFeed's hog production and feed business.

Songyan Li, PhD, AgFeed's Chairman, commented: "AgFeed is proud of the
opportunity of experiencing rapid growth as a NASDAQ Global Market listed
company and we are honored to be asked to ring the opening bell. We look
forward to the opportunity to meet with our shareholders and report on our
financial results and business outlook during the upcoming shareholder meeting."

Founded in 1995 by founders/managers, AgFeed has two integrated profitable
business
lines in China: premix animal feed and hog production. AgFeed is currently
the largest premix feed company in China in terms of revenues and the largest
commercial hog producer with over 500,000 hogs in annual production.

About AgFeed Industries, Inc.

Through its China-based operating subsidiaries, NASDAQ-listed AgFeed
Industries
(www.agfeedinc.com) is a market leader in China's fast growing pre-mix animal
feed and hog raising industries. The pre-mix market in which Agfeed operates is
an approximately $1.6 billion segment of China's $40 billion per year animal
feed market, according to the China Feed Industry Association. There are
approximately 600 million hogs raised in China each year, compared to
approximately 100 million in the U.S. Approximately 75% of China's total hog
supply is from backyard individual hog farmers, while approximately 65% of
China's total meat consumption is pork.

Contact Information:
U.S. Contact:
Mr. Arnold Staloff
Independent Board Member
AgFeed Industries, Inc.
Tel: 212-631-3510

Corporate Contact:
Mr. Sam Zhou
Corporate Development
AgFeed Industries, Inc.
Tel: 011-86-13925912908
Email: info@agfeedinc.com

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