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ADM Willing to Pay Double to Settle Bribery Probe

By Amanda Brodhagen, Farms.com

Archer Daniels Midland Co. (ADM) said Tuesday, that its willing to pay double as much as previously expected to settle a bribery probe with the U.S. government.

The agricultural commodity trading house said it would now pay $54-million from $25-million to resolve violating foreign bribery laws relating to grain and feed exports.

ADM has been trying to clear its name with the U.S. Justice Department since 2008, when it violated the Foreign Corrupt Practices Act. The company reported on its second quarterly profits Tuesday, which also said it raises the settlement offer "based upon recent progress in these discussions," the company statement read.

More on the investigation can be read at - Archer Daniels in hot water over FCPA investigation.
 


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Pigs Destroy Everything! Upgrading Our Pig Watering System

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I'm beyond over the broken water dishes. It feels like we're replacing them every month or so....so it's time to start upgrading our pig watering system.

In this one, we'll begin converting from an old bucket and dish method to a more automated approach with pig nipple waterers.

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We thank you for watching - please consider hitting that like and subscribe to stay tuned for updates on this project and all sorts of fun from our farm.

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