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Archer Daniels Midland Company is one of the biggest agricultural processing companies in the world. Its symbol on the NYSE is ADM.
Founded in 1902 and incorporated in 1923, ADM is based in Decatur, Illinois. It operates manufacturing and processing sites across the entire United States as well as worldwide. Because of its impressive and large global capabilities and distribution facilities, the company can contribute significantly to both quality of life as well as the world's economy.
Basically, ADM processes various crops into ingredients for food, animal feed ingredients, naturally-derived alternatives to industrial chemicals, and renewable fuels. By doing this, the company serves as an important connection between consumers and farmers.
Everything ADM does starts with agriculture, so its connection and partnership with the farming community is extremely important. Generally speaking, farmers are incredibly necessary for the economy, and that's why ADM strives to be necessary to them as well, by manufacturing thousands of different products from their crops.
An example of this connection between ADM and farmers is in what is called the "Oilseeds Processing" department. This includes everything that has to do with the growing and crushing of oil-bearing seeds like canola, cottonseeds, soybeans, sunflower seeds, flaxseeds, and peanuts. These various seeds are made into things like protein meals and vegetable oils primarily for the feed and food industries. These oilseed products are typically either processed at ADM or resold as raw materials into the marketplace.
In addition to oilseeds, corn comprises a large segment of the work done at ADM. This includes things like production of dextrose, sweeteners, syrups, and starches mainly for the food and beverage industry, as well the creation of corn byproducts that are made by fermentation. These include amino acids and ethanol as well as other feed, food, and industrial products.
Another part of ADM relates to its operations involving mainly food and feed ingredient financial and business activities. This includes processing wheat as well as jobs that have to do |