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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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EP 72 Connection People to Place – Stories of Regeneration Part 5

Video: EP 72 Connection People to Place – Stories of Regeneration Part 5

2023 was a challenging year for Canadian farmers and ranchers and for humanity in general. We had droughts, wildfires, floods, an affordability crisis and a number of armed conflicts. According to scientists working with the European Union, 2023 smashed temperature records globally.

And yet, someone like Nova Scotia agricultural producer Rachel Lightfoot still finds ways of being optimistic even after her farm got hit by a polar vortex, a dry spring and a very rainy summer all in the same year.

Welcome to Stories of Regeneration, a podcast series brought to you by Rural Routes to Climate Solutions and Regeneration Canada. Join me, your host Derek Leahy, as we delve into the importance of supporting an agricultural system that not only prioritizes the health of our land and ecosystems but also ensures the sustainability of our farmers and ranchers. Get ready to explore the transformative power of regenerative agriculture.