Archer Daniels Midland Co. (ADM) history, profile and corporate video
Archer Daniels Midland Co. engages in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It manufactures various products, including vegetable oil, protein meal, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The company also has grain elevator and transportation network to procure, store, clean and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. The company operates through three segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Oilseeds Processing segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, like cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals. This segment also produces natural health and nutrition products and other food and feed ingredients. The Corn Processing segment is engaged in corn wet milling and dry milling activities and also converts corn into sweeteners, starches and bioproducts. Its products also include citric and lactic acids, lactates, sorbitol, xanthan gum and glycols which are used in various food and industrial products. The Agricultural Services segment utilizes its extensive U.S. grain elevator and global transportation network to buy, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry. The company was founded in 1923 and is headquartered in Decatur, IL, United States.
HISTORY
In 1902, George A. Archer and John W. Daniels began a linseed-crushing business. In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company, and the Archer-Daniels-Midland Company was formed. Every decade since our corporate inception, ADM has added a major profit center to our agribusiness: milling, processing, specialty feed ingredients, specialty food ingredients, cocoa, nutrition and more.
With a worldwide transportation network and more than 265 locations, ADM continues to partner with farmers and agriculture to create markets for their products around the globe.
*Information from Forbes.com and Adm.com
**Video published on YouTube by “adm“
