农林牧渔行业：中央农村工作会议召开，关注种植链相关投资机会

Investment Rating - The industry investment rating is "Buy" [3] Core Insights - The Central Rural Work Conference emphasized the importance of food security and the acceleration of the industrialization of biological breeding, with a focus on stabilizing grain planting areas and enhancing the supply capacity of important agricultural products [1][2] - The conference proposed to improve the land contracting and transfer mechanisms, which is expected to further release the value of agricultural land [1] - Investment opportunities in the planting industry chain are highlighted, particularly in the context of increasing uncertainties in international trade and the strategic significance of food security [1] Summary by Sections Investment Rating - The industry is rated as "Buy" with expectations of strong performance relative to the market over the next 12 months [3] Key Events - The Central Rural Work Conference took place on December 17-18, 2024, focusing on rural reform and the promotion of rural revitalization [1] Food Security and Agricultural Technology - The conference underscored the need to ensure national food security and enhance the supply capacity of key agricultural products, with a specific mention of the role of biological breeding in increasing crop yields [1] - The period from 2024 to 2026 is designated as a demonstration phase for the industrialization of genetically modified corn, with an increase in planting areas from 4 million mu to 10 million mu [1] Land Reform and Agricultural Value - The conference called for the implementation of further rural reforms, including extending land contracts and innovating financing mechanisms for rural revitalization, which is expected to optimize land resource allocation and increase agricultural land value [1] Investment Recommendations - The report suggests focusing on companies involved in the planting industry chain, such as Longping High-Tech, Denghai Seeds, Dabeinong, and Chuanying High-Tech, as well as companies like Beidahuang, Sukang Agricultural Development, and Yasheng Group that are expected to benefit from improved land transfer mechanisms [1]