ffering broker services in Europe and Asia. ADMISI Commodities Private Limited, in which the company owns 51% interest, and ADMISI Forex India Private Limited, a wholly owned subsidiary of the company, offer broker services in India. Captive insurance, which includes Agrinational Insurance Company (Agrinational), a wholly owned subsidiary of the company, provides insurance coverage for certain property, casualty, marine, credit, and other miscellaneous risks of the company and participates in certain third-party reinsurance arrangements. ADM Crop Risk Services is a managing general agent which sells and services crop insurance policies to farmers. While Agrinational assumes some of the crop insurance risk, only an immaterial portion of this risk is retained by the company after third-party reinsurance. In 2012, the company sold its remaining common equity interest in Hickory Point Bank and Trust Company, fsb. Corporate Compagnie Industrielle et Financiere des Produits Amylaces SA (Luxembourg) and affiliates, of which the company has a 41.5% interest, is a joint venture which targets investments in food, feed ingredients, and bioproducts businesses. Distribution The company’s products are distributed mainly in bulk from processing plants or storage facilities directly to customers’ facilities. Seasonality There is a degree of seasonality in the growing cycles, procurement, and transportation of the company’s principal raw materials, such as oilseeds, corn, wheat, cocoa beans, sugarcane, and other grains. The company has seasonal financing arrangements with farmers in certain countries worldwide. Research and Development Expenditures The company’s research and development expenditures are focused on responding to demand from customers’ product development or formulation needs, improving processing efficiency, and developing food, feed, fuel, and industrial products from renewable agricultural crops. The company’s research and development expense during the six months ended December 31, 2012, included approximately $28 million. Significant Events In July 2013, the company has formed a joint venture (JV) with Central Valley Ag Cooperative. The new JV, known as 81-20 Grain Terminal, LLC, would be engaged in the construction of a 5 million bushel shuttle loader grain elevator near Randolph, Nebraska. In September 2013, Archer Daniels Midland has formed a joint venture with CIC Holdings and Chemanex to build and operate bio-based superabsorbent polymers plant in Colombo, Sri Lanka. History Archer Daniels Midland Company was founded in 1898. The company was incorporated in Delaware in 1923.
archer-daniels-midland co (ADM*:Mexico)
4666 Faries Parkway
Decatur, IL 62525
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