Jiangsu Agribusiness Group Corporation was founded at the beginning of the People’s Public of China. It is headquartered at the city of Nanjing, which once was the capital of six feudal dynasties and now is a key city in the Yangtze River Delta, the most dynamic area in China.

    After more than a half century of hardship, Jiangsu Agribusiness Group Corporation now has over 40 holding or shareholding enterprises and direct entities under its group. Among them, there are 18 state farms, scattered in 14 cities, counties or districts of Jiangsu Province. Its direct businesses are mainly located in the cities of Nanjing, Zhenjiang, Nantong, Yancheng, Huaian, Lianyungang and others. Its land area covers 124,400 hectares, including 64,300 hectare arable land and 25,000 hectare water area. Its assets total RMB 4 billions with 71,000 employees, 10% of whom are technicians, specialists and experts. In 2006, the corporation cropped its GDP of RMB 2.863 billions and achieved RMB 9.748 billion sales revenues (RMB 3.265 billion for state or state holding enterprises) and RMB 634 million profits (RMB 135.79 million for state or state holding enterprises).

    After exposure to the market competition, Jiangsu Agribusiness Group Corporation has established an initial scale of production base to produce organic foods, green foods, pollution-free products and various quality seeds. Its core operations range from medicines, machinery, agricultural product processing to auto trading, investment and business transaction. It has even purchased 4 farms in Africa.

    In this new century, with an objective to enrich people and construct a well-off society, Jiangsu Agribusiness Group Corporation has set a second strategy for its future development according to the central and provincial governments’ requirements that the agribusinesses should play a leading role in the construction of modern agricultures and should achieve an innovative, accelerated development. The strategy is: to promote its branding images and expand the relevance of the farms in the second round of development by focusing on industrial development and relying on state holding/shareholding enterprise growth under the leadership of the group and the participation of the corporation, farms and state holding/shareholding enterprises; to achieve breakthrough in the resource consolidation, advantage leveraging and corporate revitalization; to make progress in the abundance of people’s wealth and the construction of a harmonious agribusiness; and to realize innovative development, thus to help the country double its economic aggregate within 3 years, and make the modern agriculture an identity for the corporation, the state capital a strong profit gainer, and the farm an powerful economy in the region within 3 – 5 years.

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