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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]
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Andreas was born in Worthington, Minnesota on March 4, 1918 to Ruben and Lydia (Stoltz) Andreas, who both descended from strict Mennonite families. [5] [6] He grew up mostly in Iowa (with siblings Albert, Lenore, Glen, Osborne and Lowell) and worked at his father farm and later the family's feed and grain business. [5]
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.
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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]
The company has annual sales of over $9 billion, and is a large domestically owned exporter that exports to destinations in both Europe and the United States. [2] Amaggi was founded in 1977 by André Maggi of Italian origin as a seed producer. [3] In the 1980s, he acquired large tracts of land in Mato Grosso and went into soybean production. [4]
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 ]