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Archer Daniels Midland (ADM) is a global food processing and agricultural company that is one of the largest in the world. The company was founded in 1902 and is headquartered in Chicago, Illinois. ADM has over 32,000 employees and operates in more than 160 countries around the world.
ADM's business is divided into four segments: Agriculture Services, Corn Processing, Oilseeds Processing, and Wild Flavors and Specialty Ingredients. The Agriculture Services segment includes ADM's global origination, transportation, and storage businesses. The Corn Processing segment focuses on the production of sweeteners, starches, and animal feed ingredients. The Oilseeds Processing segment includes the crushing, refining, and biodiesel production of oilseeds such as soybeans and canola. The Wild Flavors and Specialty Ingredients segment provides natural ingredients for the food, beverage, and nutritional industries.
ADM has a strong focus on sustainability and has several initiatives in place to reduce its environmental impact and support the communities where it operates. The company is committed to using renewable energy and reducing greenhouse gas emissions, and has a goal of sourcing all of its electricity from renewable sources by 2030. ADM also has a program in place to support farmer livelihoods and promote sustainable agriculture practices.
ADM has a long history of growth and expansion. The company has made numerous acquisitions over the years, including the acquisition of Wild Flavors in 2014 and the acquisition of agricultural trader and processor Bunge in 2018. In 2019, ADM reported revenue of over $70 billion and net income of $1.2 billion.
