ADM Advancing Investment in Ag and Oilseed Business Operations

Juan R. Luciano, chairman, president, and CEO of Archer Daniels Midland (ADM), outlined to analysts during a September 18 presentation how the company is taking steps to invest in its Ag Services and Oilseeds operations.

In terms of grains there is a lot of movement toward transforming agriculture away from traditional production methods and toward more regenerative practices with plans to grow the number of acres in more sustainable agricultural systems. As part of the conversation, Luciano noted that the pertinent question has shifted from “what is your price from the product” to “how has this product been raised or created”.

He also touched on the importance of biofuels to the company’s Ag Services and Oilseeds business, noting that the company began receiving soybeans at its new crush plant in Spiritwood, North Dakota, on September 18, with expectations to crush its first soybeans in the first week of October.

Investment in the Ag Services and Oilseeds unit will involve the automation and digitization of the company’s processing units, adding how it’s important to be aware of its customers’ decarbonization pledges and its ability to generate low-carbon intensity feedstocks.

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