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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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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.
He is credited with transforming the firm into an industrial powerhouse. Under his leadership, ADM grew from 40 processing plants and about 3,000 employees in the Midwest to 274 processing plants with 23,000 workers around the world. Its soybean exports shot up from $1.5 billion to $7 billion. [3]
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 ...
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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 ]
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]