Archer Daniels Midland
American global food processing and commodities trading corporation
The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation founded in 1902 and headquartered in Chicago, Illinois.
ADM ranked No. 35 in the 2023 Fortune 500 list of the largest United States corporations.
The company also provides agricultural storage and transportation services. The American River Transportation Company along with ADM Trucking, Inc., are subsidiaries of ADM.
ADM has been the subject of significant media attention and infamy over the years with its various scandals, one inspiring a novel and subsequent film The Informant!.
History
Early history
In 1902, John W. Daniels started a linseed crushing business in Minneapolis, Minnesota.
George A. Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed Company. In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company. The new corporation had total assets exceeding $11 million and controlled just over a third (35%) of the total linseed mill capacity within the United States.
In 1924, ADM was listed on the New York Stock Exchange.
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This entry incorporates text from “Archer Daniels Midland” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.