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ADM Archer Daniels Midland Company

59.19
-0.16 (-0.27%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Archer Daniels Midland Company NYSE:ADM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.16 -0.27% 59.19 59.68 58.86 59.31 3,273,863 01:00:00

Golden Peanut and Tree Nuts Invests in Infrastructure, Logistics to Improve Services to Growers Before 2017 Harvest Season

05/04/2017 4:00pm

Business Wire


Archer Daniels Midland (NYSE:ADM)
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Offers customers full slate of ADM farmer marketing services

Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company (NYSE: ADM), today announced that it is investing in significant infrastructure upgrades to improve speed and efficiency in handling farmer stock. The enhancements are targeted to be in place for the 2017 harvest season.

“Our customers and suppliers have always counted on Golden Peanut’s great logistics, and now we’re making the system even better,” said Grant Belden, vice president for North American shelling. “We are investing across the board in additional drying vans, increasing our drying capacity by 13 percent. We’re installing new cleaners and handling equipment as we focus on operational excellence. We’re modernizing our buying point in Donalsonville, Georgia, by making major improvements in truck dumping and cleaning capabilities. Taken together, the result will be faster, more efficient service throughout our system for farmers and customers alike.”

Golden Peanut and Tree Nuts is also offering farmers an extensive list of additional marketing services as well as access to grain elevator, transportation and warehouse facilities.

“We’re pleased to be able to offer our farmer suppliers a full array of products and services to help them grow their businesses,” said Greg Mills, president of Golden Peanut and Tree Nuts. “From crop risk insurance to FOB trucking to access to elevators and warehouses, we want to make sure our suppliers benefit from the full range of ADM’s global resources. Our experienced team will be talking to our suppliers about these great products and services soon, and we hope farmers are as excited about them as we are. At ADM, everything we do starts with the farmer, and their success is our success.”

In addition, Golden Peanut and Tree Nuts is working with Agrible, Inc., to offer its grower suppliers a free subscription to Agrible’s Morning Farm Report 2017 Grower AgriBundle®, which provides tools to assist with forecasting yields, planning field operations, reducing waste and saving money.

For more information on Golden Peanut and Tree Nuts’ array of farmer services and the free Agrible offer, farmers should contact their Golden Peanut and Tree Nuts representatives.

About Golden Peanut and Tree Nuts

Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company, is a leading handler and processor of peanuts and tree nuts. Headquartered in Alpharetta, Georgia, the company has 13 processing facilities in the U.S. and one in Argentina. In South Africa, Golden Peanut is the majority owner of peanut processing plants in Hartswater, Hoopstad and Jan Kempdorp, and is 51 percent owner of pecan processor and marketer GPC Pecan S.A.

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 32,000 employees serving customers in more than 160 countries. With a global value chain that includes approximately 500 crop procurement locations, 250 ingredient manufacturing facilities, 38 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.

Archer Daniels Midland CompanyMedia RelationsJackie Anderson, 312-634-8484media@adm.com

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