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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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Crop duster agplane flying action Conger Minnesota Air Tractor Bell 206 Jet Ranger Airailimages

Video: Crop duster agplane flying action Conger Minnesota Air Tractor Bell 206 Jet Ranger Airailimages

It's summertime in Minnesota as a yellow Air Tractor agricultural application aircraft -- a crop duster -- responds to the control inputs of its pilot in a low-altitude dance just above the tops of the cornstalks. Enjoy! And we found a Bell 206 Long Ranger spray helicopter perched on a support truck at the edge of the cornfields, and launching from there. In our video, you can occasionally hear the rotor sounds of the crop-dusting helicopter as we see the yellow Air Tractor in a nearby field.