Archer Daniels Midland 2009 Annual Report Download - page 12

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6
Item 1.
BUSINESS (Continued)
The Company processes and distributes edible beans in the United States for use as a food ingredient. The
Company produces and distributes formula feeds and animal health and nutrition products to the livestock, dairy,
poultry, and pet food industries. The Company is a supplier of fertilizer to farmers and the farm supply industry.
A.C. Toepfer International (Toepfer), in which the Company has an 80% interest, is a global merchandiser of
agricultural commodities and processed products. Toepfer has 40 sales offices worldwide and operates inland,
river, and export facilities in Argentina, Romania, Ukraine, and the United States.
The Company has a 45% interest in Kalama Export Company, a grain export elevator in Washington.
Other
The Company is engaged in milling wheat, corn, and milo into flour in the United States, Canada, the Caribbean,
and the United Kingdom. Wheat flour is sold primarily to commercial bakeries, food manufacturing companies,
food service companies, and retailers. Bulgur, a gelatinized wheat food, is sold to both the export and the
domestic food markets. Corn meal and flour is sold primarily to the cereal, snack, and bakery mix markets. The
Company produces bakery products and mixes, wheat starch, and gluten which are sold to the baking industry.
The Company also mills milo to produce industrial flour used in the manufacturing of wallboard for the building
industry.
Gruma S.A.B. de C.V. (Gruma), in which the Company has a 23% interest, is the world’s largest producer and
marketer of corn flour and tortillas with operations in the United States, Mexico, Central America, South
America, and Europe. Additionally, the Company has a 20% share, through a joint venture with Gruma, in six
U.S. corn flour mills and one in Italy. The Company also has a 40% share, through a joint venture with Gruma,
in nine Mexican wheat flour mills.
The Company processes cocoa beans and produces cocoa liquor, cocoa butter, cocoa powder, chocolate, and
various compounds in North America, South America, Europe, Asia, and Africa for the food processing
industry.
On July 31, 2008, the Company sold its interest in International Malting Company (IMC), a wholly-owned
subsidiary of the Company, which operated malting barley plants in the United States, Australia, New Zealand,
and Canada.
The Company has entered into Brazilian joint ventures for the purposes of growing sugarcane and the production
of sugar and ethanol from sugarcane.
Hickory Point Bank and Trust Company, fsb, a wholly owned subsidiary of the Company, furnishes public
banking and trust services, as well as cash management, transfer agency, and securities safekeeping services, for
the Company.
ADM Investor Services, Inc., a wholly owned subsidiary of the Company, is a registered futures commission
merchant and a clearing member of all principal commodities exchanges. ADM Investor Services International,
Ltd., ADMIS Hong Kong Limited, and ADM Investor Services Taiwan are wholly owned subsidiaries of the
Company offering broker services in Europe and Asia. ADM Derivatives, Inc. offers foreign exchange services
to institutional and retail clients.
AgriServe Inc. (ASI), in which the Company has a 53% interest, sells crop insurance to American farmers under
the USDA Crop Insurance Program. ASI provides insurance coverage in over 30 states, predominantly in the
Midwestern United States.