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In October 2015, ADM announced the sale of its global cocoa business to Olam International. The sale was valued at about $1.2 billion. [47] Approximately 1,500 employees transferred to Olam with the sale. [48] In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million. [49]
The soybean checkoff is a congressionally-mandated assessment on soybeans, whose proceeds are used to fund soybean research and promotion efforts. The checkoff is managed by the United Soybean Board under the supervision of the United States Department of Agriculture Agricultural Marketing Service. In 2014, the checkoff was $109.1 million. [1]
In 1994, Mexico-based company, Empresas La Moderna SA purchased Asgrow for $300 million. At the time, Asgrow was the fifth-largest seed company with $270 million in sales. [2] [3] Monsanto purchased Asgrow from Empresas in 1996 for $240 million dollars. [4] In 1997, the company moved its headquarters to the Des Moines area from Kalamazoo ...
The lysine price-fixing conspiracy was an organized effort during the mid-1990s to raise the price of the animal feed additive lysine.It involved five companies that had commercialized high-tech fermentation technologies, including Archer Daniels Midland (ADM), Ajinomoto, Kyowa Hakko Kogyo, Sewon America Inc. and Cheil Jedang Ltd.
Between 1930 and 1942, the United States' share of world soybean production grew from 3% to 47%, and by 1969 it had risen to 76%. By 1973 soybeans were the United States' "number one cash crop, and leading export commodity, ahead of both wheat and corn". [8] Although soybeans developed as the top cash crop, corn also remains as an important ...
Countries by soybean production in 2020. This is a list of countries by soybean production from 2016 to 2022, based on data from the Food and Agriculture Organization Corporate Statistical Database. [1] The total world production for soybeans in 2022 was 348,856,427 metric tonnes, down 6.4% from 372,853,699 tonnes in 2021. [1]
ARTCO Stevedoring provides bulk transfer and crane services on near New Orleans, Louisiana on the Lower Mississippi River [3] [4] As of 2005, ARTCO owned 2,000 barges, and some towboats and harbor tugboats. [5] As of 2016, ARTCO operated a fleet of 20 fleeting boats, a shipyard with five dry docks and a barge wash and repair facility.
In all, Allied posted 1.8 billion pounds (820,000 t) of soybean oil as collateral to fraudulently obtain $180 million in loans, when the actual stock was a mere 110 million pounds (50,000 t). [ 1 ] American Express Warehousing, Ltd., a minor subsidiary of American Express, was defrauded into issuing warehouse receipts for salad oil that did not ...