ADM corn processing profits spike 42%

The Archer Daniels Midland company is one of the biggest recipients of farm subsidies in America, and interestingly enough they are also a huge proponent of corn ethanol. They are among the world’s largest processors of soy, corn, and other crops. They just announced there fourth quarter results, and unsurprisingly they were up. A lot. Overall, profits were up twenty percent to $441 million. Corn and oilseed processing really shone though at forty-two and fifty percent increases in profit.

By Sam.Abuelsamid@weblogsinc.com
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The Archer Daniels Midland company is one of the biggest recipients of farm subsidies in America, and interestingly enough they are also a huge proponent of corn ethanol. They are among the world’s largest processors of soy, corn, and other crops. They just announced there fourth quarter results, and unsurprisingly they were up. A lot. Overall, profits were up twenty percent to $441 million. Corn and oilseed processing really shone though at forty-two and fifty percent increases in profit.
[Source: Archer Daniels Midland via GreenCarCongress]