DECATUR, ILLINOIS - Archer Daniels Midland Company (NYSE: ADM) announced that it will construct two grain elevators in Nebraska. Located near Fullerton and Newman Grove, each elevator can store corn, soybeans and wheat, and each will have capacity for 1.5 million bushels of upright storage and 2 million bushels of temporary storage. Construction of the elevators is scheduled to begin in early 2011 and is expected to be completed in time for the 2011 harvest.
"As one of the world's largest agricultural processors, ADM helps growers maximize profits with a wide range of crop marketing products and services," said Joe Taets, president, ADM Grain. "We are pleased to invest in Nebraska communities that understand the value of agriculture, and we look forward to meeting the needs of growers in the Fullerton and Newman Grove areas."
The Fullerton elevator will be located north of Fullerton at the intersection of state Routes 14 and 22, and the Newman Grove elevator will be located seven miles north of Newman Grove near the intersection of state Routes 32 and 45. Each will feature two high-speed receiving pits and inbound and outbound truck scales to minimize wait times.
Crops received at the Fullerton and Newman Grove elevators will help supply ADM's facilities throughout Nebraska, including its Columbus complex, which includes a corn wet mill and corn dry mill; a soybean crushing facility and elevator in Fremont; and a flour mill, soybean crushing facility and vegetable oil refinery in Lincoln.
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.e-adm.com/farmerview.
SOURCE: ADM News Release