Tianli Agritech announced it has secured an agricultural subsidy from Hubei Province. The Bureau of Animal Husbandry and Veterinary of Hubei Province, China, awarded Tianli Agritech a subsidy in support of the Company's work with black hog farmers in Hubei Province's Enshi Prefecture. The subsidy will last between five to eight years and will include yearly subsidy payments of approximately $150,000-$200,000 in support of Tianli's breeding and commercialization of black hogs in Hubei Province. The Company expects the subsidy to be paid once per year with the first subsidy payment expected in 2013.
- agricultural subsidy
- Hubei Province