Global Processing

Archer Daniels Midland Gives University $10 Million to Study Crop Loss

January 31, 2011
Global grain processor, Archer Daniels Midland Co., said it’s giving $10 million to fund an institute at the University of Illinois at Urbana- Champaign to minimize post-harvest grain and oilseed losses, reports Bloomberg. The institute will help farmers, particularly in developing nations, prevent spoilage of crops by pests and diseases and improve grain storage and handling, said Patricia Woertz, Decatur, Illinois-based ADM’s chief executive officer. Minimizing post-harvest loss will help farmers feed their families and help boost global grain stocks, she said.