City of Industry, CA --(www.USEquityNews.com)-- 10/31/2007 - Farm Products industry alert provided by U.S. Equity News. Fresh Del Monte Produce Inc. (NYSE: FDP), a producer and distributor of fruits and vegetables, said recently it swung to a third-quarter profit, topping Wall Street's expectations, after the year-ago period was weighed down by asset impairment and other charges. The company reported a profit of $29.9 million, or 51 cents per share, compared with a loss of $82.9 million, or $1.44 per share, in the prior year. Excluding charges for plant closings, as well as asset impairment and other charges, the year-ago period had a loss of 41 cents per share.

Agricultural chemicals maker American Vanguard Corp. (NYSE: AVD) said recently it has exercised an option to acquire one plant at BASF Corp.'s Hannibal, Mo., site that makes two of American Vanguard's key insecticide products. American Vanguard said the acquisition, which is expected to close in late December, will significantly increase the company's organophosphate manufacturing capacity. American Vanguard said the transaction ensures the continuing supply of the company's Phorate and Counter insecticide products.

Chiquita Brands International Inc (NYSE: CQB) said recently it will cut management jobs and close facilities as part of a restructuring to generate annual cost savings of $60 million to $80 million, sending its shares up more than 7 percent. Chiquita, known for its namesake bananas and Fresh Express bagged salads, said it will reduce the three highest levels of management by 21 percent, or 160 jobs.

US Farms, Inc. (OTCBB: USFI), a diversified Farming and Nursery company, recently became a member of the San Diego Farm Bureau. The Farm Bureau of San Diego County (www.sdfarmbureau.org) is a non-profit organization supported solely by more than 7,000 dues-paying members. Established in 1913, the Farm Bureau serves the needs of the agriculture community through public relations, education and public policy advocacy.

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