Most years, pre-harvest sales make good sense. But the anxiety of committing grain you don’t have in your bins yet can deter this smart business decision. This is where crop insurance comes in. Mark Lipcaman, Regional Origination Manager, suggests thinking about crop insurance not just as an expense that rarely cashes in, but as an…
Farming has been disrupted by countless changes in technology and logistics. But some habits die hard—and one of them is the way fertilizer gets to farmers. ADM is changing that. Now producers can lock in favorable prices on fertilizer, up to 18 months in advance, and get it directly from an ADM rail or barge…
It’s hard to believe we’ve turned the page on 2019. Maybe you’re reviewing what went well (or what you could improve upon) and are making plans to step up your game in 2020. There’s a lot of wisdom in experience. In that spirit, we’re bringing you highlights from some of our best episodes of In…
Viewers of Episode 1 of Faces of Food Season 3 watched as Illinois corn and soybean producer Doug Martin emphasized the importance of “trying different things” to improve soil health and grain quality. “We’re trying to make that soil healthier by introducing more beneficial fungi, bacteria, things like that,” he says. In addition to using…
It’s no secret that the process of passing the new farm bill is moving at a snail’s pace. Congress was supposed to renew this large and complex piece of legislation in 2023 to replace the 2018 Farm Bill but extended it one year into 2024. Now, the 2024 planting season is behind us and crops…
DP is an acronym for “Deferred or Delayed Pricing.” It can also be referred to as “PL/Price Later.” When utilizing a DP contract, ownership of the grain transfers to the elevator. This contract allows the customer to deliver the grain to ADM under the agreement that the grain will be priced at a later date.…
Basis represents the difference between futures and cash prices. Each ADM facility determines its own basis. It reflects what grain is worth in certain areas by assessing local supply and demand factors, market delivery locations and freight costs associated with moving grain to those facilities. Delivery locations change constantly. They can be export facilities, local…
Double up is a term commonly associated with Accumulator contracts. Double up’s occur according to the formula for the specific Accumulator contract. Typically, a double up is an additional quantity of grain that is priced if certain market conditions exist.
FOB stands for “free on board” and is meant to indicate that the freight costs are already included in the price being paid for the grain. FOB freight options allow producers to move grain to market while they focus time and efforts elsewhere in their operation. It is the responsibility of the buyer to pay…
Purpose At Archer Daniels Midland Company (“ADM,” or “we,” or “us”), we are committed to protecting the privacy, accuracy and reliability of any personal information you provide, and to safeguarding such information from loss, misuse, unauthorized access, disclosure and alteration. This Online Privacy Notice (“Notice”) describes ADM’s current online practices regarding personal information collected through…
