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Best regards
Zmags
2010
Letter to SharehoLderS
& Form 10–K
Committed. Confident.
to our Shareholders:
In 2010, the adm team delivered another good year. our 29,000 employees around the world worked hard each
day to achieve the strong financial results that ensure we are able to continue serving vital global needs for food
and energy. And, because the need for our food, feed, energy and industrial products is so vital, and will grow with
the growing world population, we worked equally hard to advance our profitable growth strategy.
Inspired by our purpose of serving vital needs, our team once again leveraged ADM’s acumen and global asset
network to maximize value, execute strategic acquisitions and complete important capital projects.
And as we look ahead, we commit to growing value for ADM stockholders. Indeed, we have confirmed that
commitment in our Vision for our company: To be the most admired gl
2010 Letter to SharehoLderS
Committed. Confident. to our Shareholders: In
Advancing our Profitable Growth Strategy With gro
ADM’s cost-management initiatives helped reduce m
UNITED STATES
Indicate by check mark whether the registrant has
Table of Contents Item No. Description
PART I Item 1. BUSINESS Company Overview
Item 1. BUSINESS (Continued) Golden Peanut
Item 1. BUSINESS (Continued) Agricultural S
Item 1. BUSINESS (Continued) Corporate Com
Item 1. BUSINESS (Continued) The Company ha
Item 1. BUSINESS (Continued) The Company
Item 1. BUSINESS (Continued) Environmental
Item 1. BUSINESS (Continued) The public may
Item 1A. RISK FACTORS (Continued) The Company
Item 1A. RISK FACTORS (Continued) The Company
Item 1A. RISK FACTORS (Continued) The Company’
Item 2. PROPERTIES The Company owns or leas
Item 2. PROPERTIES (Continued) The Company
Item 2. PROPERTIES (Continued) Other Pro
PART II Item 5. MARKET FOR REGISTRA
Item 5. MARKET FOR REGISTRANT’S COMM
Item 5. MARKET FOR REGISTRANT’S COMM
Item 6. SELECTED FINANCIAL DATA
Item 7. MANAGEMENT’S DISCUSSION AND ANALYS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS
Item 7A. QUANTITATIVE AND QUALITATIVE DISCL
Item 8. FINANCIAL STATEMENTS AND SUPPLEM
Archer Daniels Midland Company Consolidated St
Archer Daniels Midland Company Consolidated Bala
Archer Daniels Midland Company Consolidated Stat
Archer Daniels Midland Company Consolidated Stat
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer-Daniels-Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Co
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Archer Daniels Midland Company Notes to Consolid
Report of Independent Registered Public Accountin
Report of Independent Registered Public Accountin
Item 9. CHANGES IN AND DISAGREEMENTS WIT
PART III Item 10. DIRECTORS, EXECUTIVE OFF
Item 10. DIRECTORS,
Item 10. DIRECTORS,
Item 11. EXECUTIVE COMPENSATION Informati
PART IV Item 15. EXHIBITS AND FINANCIAL
Item 15. EXHIBITS AND FINANCIAL STATEMENT
Item 15. EXHIBITS AND FINANCIAL STATEMENT
Item 15. EXHIBITS AND FINANCIAL ST
SIGNATURES Pursuant to the requirements of Secti
StockHolDer inforMAtion Copies of the