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Balanced Reporting. Trusted Insights.
Sunday, June 04, 2023
Higher margins in its ag services and oilseeds business helped push ADM to an operating profit of about $6.5 billion for its fiscal year 2022, an increase of 41% over 2021.
Companies planning thousands of miles of pipelines to transport liquid carbon dioxide throughout the Midwest are making slow but steady progress in obtaining voluntary easements, but the projects still face fierce opposition from many property owners, including farmers.
The Department of Agriculture has tapped Ellen Luger as the next minister counselor of agriculture in Rome for the Foreign Agricultural Service and Erica Chabot is the new majority staff director for the Senate Agriculture Committee,
President Joe Biden has announced his intent to appoint Joy Kono as the Farm Service Agency state director for Hawaii and Maria Gallegos Herrera as the Rural Development state director for California.
Agribusiness giant ADM has jumped into the cultured meat fray with its first strategic investment in the industry that will partner it with Eat Just Inc.’s GOOD Meat division.
AmericanHort has brought on Sara Neagu-Reed as director of advocacy and government affairs and the Foundation for Food and Agriculture Research has selected a new executive director.
Interest, but also concern, is rising over three pipelines planned for the Midwest to capture carbon from ethanol plants and sequester it, which advocates for the projects say is a crucial step for meeting climate change goals.
Major processor ADM announced Tuesday that it has signed a memorandum of understanding with LG Chem to research lactic acid production to be used in bioplastics and other plant-based products.
The Archer-Daniels-Midland Company (ADM) announced Monday that it will acquire the Serbian plant-based protein company Sojaprotein, the latest of its efforts to focus on the alternative protein market.
Archer Daniels Midland Co. reported net earnings of $712 million for its second quarter on Tuesday, a 27% increase from the same period the year prior.
