Agribiotech, Inc. - ABTXQ- Profile

AgriBioTech, Inc. is a vertically integrated agricultural seed company which specializes in developing, breeding, processing, packaging and distributing variety of forage and cool season turfgrass seeds. The company also deals with soybean, corn and other seeds. Forage crops are harvested for consumption, generally fed to animals through grazing or in the form of hay. Cool season turfgrass includes bluegrass, tall fescue, fine fescue and ryegrass. Turfgrass seeds are used in home lawns, golf courses, parks cemeteries and roadway medians. During the fiscal year 1999, the company acquired Fine Lawn Research, Inc., Geo. W. Hill of Indiana Inc., J & M Seed Company, Willamette Seed Company, Allied Seed Company, Oseco, Inc., Garden West Distributors and HybriGene. Turf seeds accounted for 48% of fiscal 1999 revenues; forage seeds, 30%; non-seed, 16% and other seeds 6%.