Archer Daniels Midland Company announced last week that it plans to expand its grain elevator in Labelle, a farming community in northeast Missouri. 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. Online services through e-ADM.com deliver up-to-the-minute market news and analysis to assist farmers.
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.
Archer Daniels Midland Company owns 265 processing plants, which converts corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. ADM operates a crop origination and transportation network, connecting crops and markets in more than 75 countries. Its global headquarters are based in Decatur, Ill. Net sales for the fiscal year ended June 30, 2011, were $81 billion. For more information about the company and our products, visit www.adm.com.