ADM Expands Grain Elevator in Labelle, Mo.
Company is increasing storage capacity to meet farmers’ needs
Archer Daniels Midland Company (NYSE: ADM) today announced that it will expand its grain elevator in Labelle, Mo. ADM will triple its Labelle facility’s storage capacity with construction of a 720,000-bushel capacity grain storage bin. The project will also add a new receiving pit, load out, 140,000-bushel wet storage bin and a commercial corn dryer to offer local growers a convenient location to dry corn.
“ADM is expanding our grain storage and transportation capabilities in this area to meet regional growers’ need for larger, more efficient grain elevators that offer corn drying and a wide range of services and marketing options for crops,” said Joe Taets, president, ADM Grain.
Along with the expanded facility, ADM also brings expertise in local and global agricultural markets to farmers in the area. At the ADM Labelle elevator, growers find strong staff and a wide offering of contract alternatives to help them market their crops in the most effective and profitable way. Online services through e-ADM.com deliver up-to-the-minute market news and analysis to assist farmers in making the best decisions possible. ADM’s knowledge combined with creative products and services help farmers make the most of their business.
Construction of the elevator has already begun, and some portions of the project should be completed in time for the 2011 harvest.
The ADM facility in Labelle purchases corn, soybeans and wheat from local growers to supply local and export markets. In the United States, ADM operates 191 elevators with an aggregate storage capacity of more than 420 million bushels. To learn more about the services ADM offers growers, visit www.adm.com/farmers.
Every day, the 30,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 265 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the world’s premier crop origination and transportation network, connecting crops and markets in more than 75 countries.
Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2011, were $81 billion. For more information about our company and our products, visit www.adm.com.
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