ADM to Acquire Soybean Crushing Facility, Form Partnership for Biodiesel Business in Missouri

04.04.2011  |  Business Wire

Archer Daniels Midland Company (NYSE: ADM) today announces plans to
acquire a soybean crushing and biodiesel facility in Deerfield, Mo.,
from Prairie Pride, Inc. ADM will also form a partnership with Prairie
Pride for the biodiesel portion of the business.

'The acquisition of Prairie Pride′s soybean facility and partnership for
the biodiesel business were attractive to us because they are aligned
with our growth strategy and fit well within our integrated business
model,? said Matthew J. Jansen, president, Global Oilseeds. 'We look
forward to working with the 1,000 farmers of Prairie Pride to transform
soybeans into food, feed and fuel products used by consumers and
businesses around the world every day. And we look forward to becoming a
part of the Vernon County community.?

About Prairie Pride

Prairie Pride, Inc. is a new-generation producer cooperative formed to
convert soybeans into biodiesel fuel and soy meal. The facility began
producing biodiesel in late 2007 and processing soybeans in August 2008.

About ADM

Every day, the 29,000 people of Archer Daniels Midland Company (NYSE:
ADM) turn crops into renewable products that meet the demands of a
growing world. At more than 240 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 60
countries. Our global headquarters is in Decatur, Illinois, and our net
sales for the fiscal year ended June 30, 2010, were $62 billion. For
more information about our company and our products, visit www.adm.com.