农业周观点：Ai融入产业加速，关注智慧农业

Investment Rating - The industry investment rating is "Overweight," indicating that the growth level of the industry is expected to exceed that of the CSI 300 index in the next six months [50]. Core Insights - The report emphasizes the importance of agricultural efficiency in ensuring national food security and stable supply. The Ministry of Agriculture and Rural Affairs has launched the "National Smart Agriculture Action Plan (2024-2028)," which sets clear goals and tasks for promoting smart agricultural technologies and equipment [3][17]. - The demand for smart agriculture is anticipated to grow, driven by advancements in technology and new applications across the agricultural value chain, including planting decisions, smart breeding, e-commerce for agricultural products, and smart water management [3]. - The report suggests focusing on quality targets in smart agriculture and smart water management, such as "Top Cloud Agriculture" and "Dayu Water Saving" [3]. Livestock Industry - In January, the total sales of 12 pig companies amounted to 7.63478 million heads, a month-on-month decrease of 4.32%. The average price of live pigs in January was 15.78 yuan/kg, reflecting a month-on-month increase of 0.45% and a year-on-year increase of 10.58% [4][5]. - The report highlights the profitability of self-breeding and purchased pig farming, with profits of 22.12 yuan/head and -4.24 yuan/head, respectively, as of February 14 [4][5]. - Recommended companies in the livestock sector include leading large-scale breeding groups such as "Muyuan Foods" and "Wens Foodstuff," as well as companies with growth potential like "Juxing Agriculture" and "Shennong Group" [5][6]. Planting Industry - The report notes adjustments in global grain supply and demand forecasts for the 2024/25 season, with an increase in global wheat supply and a decrease in consumption, leading to a rise in ending stocks [7][10]. - For rice, the global supply, consumption, trade, and ending stocks are all expected to decrease, primarily due to lower production estimates from China [8]. - The soybean production is projected to decline, while trade volume is expected to increase, with a significant reduction in ending stocks due to decreases in the U.S. and Brazil [10]. Pet Industry - The report expresses optimism for domestic pet food companies, projecting a compound annual growth rate of 17% for pet staple food, 15% for nutritional products, and 25% for pet snacks by 2026 [11]. - Recommended companies in the pet food sector include leading domestic brands such as "Guobao Pet" and "Zhongchong Co." [11]. Agricultural Dynamics - The report indicates that multiple provinces have raised their grain planting area targets for 2024, with a focus on stabilizing grain supply and enhancing production capacity [17]. - The National Food and Material Reserve Bureau has held discussions to analyze the grain market situation and trends, emphasizing the importance of maintaining stable grain prices and ensuring smooth regional circulation [18][19].