If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
&lt;br /&gt; ARCHER DANIELS MIDLAND COMPANY 2007 ANNUAL REPORT&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &reg;&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; GROWING OPPORTUNITY&lt;br /&gt; Building Value&hellip;&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; Archer Daniels Midland Company is one of the world&rsquo;s largest agricultural processors,&lt;br /&gt; with a record of uninterrupted profitability extending more than 100 years.&lt;br /&gt; &lt;br /&gt; As our <a title="2007 ADM Annual Report page 1" href="http://viewer.zmags.com/publication/fc628fef?page=1">ARCHER DANIELS MIDLAND COMPANY 2007 ANNUAL RE</a> ARCHER DANIELS MIDLAND COMPANY 2007 ANNUAL RE<a title="2007 ADM Annual Report page 2" href="http://viewer.zmags.com/publication/fc628fef?page=2">Building Value&hellip;Archer Daniels Midland Company </a> Building Value&hellip;Archer Daniels Midland Company <a title="2007 ADM Annual Report page 3" href="http://viewer.zmags.com/publication/fc628fef?page=3">Financial Highlights2007 2006(</a> Financial Highlights2007 2006(<a title="2007 ADM Annual Report page 4" href="http://viewer.zmags.com/publication/fc628fef?page=4">To the Shareholders and Employees ofADM,B</a> To the Shareholders and Employees ofADM,B<a title="2007 ADM Annual Report page 5" href="http://viewer.zmags.com/publication/fc628fef?page=5">Growing Opportunity&ndash;Building Valueareas of </a> Growing Opportunity&ndash;Building Valueareas of <a title="2007 ADM Annual Report page 6" href="http://viewer.zmags.com/publication/fc628fef?page=6">In Clinton, Iowa, construction is underway on ADM</a> In Clinton, Iowa, construction is underway on ADM<a title="2007 ADM Annual Report page 7" href="http://viewer.zmags.com/publication/fc628fef?page=7">Growing Opportunity&ndash;Building ValueForADM, thes</a> Growing Opportunity&ndash;Building ValueForADM, thes<a title="2007 ADM Annual Report page 8" href="http://viewer.zmags.com/publication/fc628fef?page=8">DirectorsPatricia A.WoertzChairman, Chief Execu</a> DirectorsPatricia A.WoertzChairman, Chief Execu<a title="2007 ADM Annual Report page 9" href="http://viewer.zmags.com/publication/fc628fef?page=9"> UNITED STATES</a> UNITED STATES<a title="2007 ADM Annual Report page 10" href="http://viewer.zmags.com/publication/fc628fef?page=10">Indicate by check mark if the registrant is not r</a> Indicate by check mark if the registrant is not r<a title="2007 ADM Annual Report page 11" href="http://viewer.zmags.com/publication/fc628fef?page=11">Table of ContentsItem No. Description </a> Table of ContentsItem No. Description <a title="2007 ADM Annual Report page 12" href="http://viewer.zmags.com/publication/fc628fef?page=12">PART IItem 1. BUSINESSCompany OverviewArc</a> PART IItem 1. BUSINESSCompany OverviewArc<a title="2007 ADM Annual Report page 13" href="http://viewer.zmags.com/publication/fc628fef?page=13">Item 1. BUSINESS (Continued)Corn Processing</a> Item 1. BUSINESS (Continued)Corn Processing<a title="2007 ADM Annual Report page 14" href="http://viewer.zmags.com/publication/fc628fef?page=14">Item 1. BUSINESS (Continued)The Company produ</a> Item 1. BUSINESS (Continued)The Company produ<a title="2007 ADM Annual Report page 15" href="http://viewer.zmags.com/publication/fc628fef?page=15">Item 1. BUSINESS (Continued)Status of New Pr</a> Item 1. BUSINESS (Continued)Status of New Pr<a title="2007 ADM Annual Report page 16" href="http://viewer.zmags.com/publication/fc628fef?page=16">Item 1. BUSINESS (Continued)Seasonality, Wor</a> Item 1. BUSINESS (Continued)Seasonality, Wor<a title="2007 ADM Annual Report page 17" href="http://viewer.zmags.com/publication/fc628fef?page=17">Item 1. BUSINESS (Continued)The Company maint</a> Item 1. BUSINESS (Continued)The Company maint<a title="2007 ADM Annual Report page 18" href="http://viewer.zmags.com/publication/fc628fef?page=18">Item 1. BUSINESS (Continued)The public may re</a> Item 1. BUSINESS (Continued)The public may re<a title="2007 ADM Annual Report page 19" href="http://viewer.zmags.com/publication/fc628fef?page=19">Item 1A. RISK FACTORS (Continued)The Company's </a> Item 1A. RISK FACTORS (Continued)The Company's <a title="2007 ADM Annual Report page 20" href="http://viewer.zmags.com/publication/fc628fef?page=20">Item 1A. RISK FACTORS (Continued)The Company i</a> Item 1A. RISK FACTORS (Continued)The Company i<a title="2007 ADM Annual Report page 21" href="http://viewer.zmags.com/publication/fc628fef?page=21">Item 2. PROPERTIESThe Company owns or leases </a> Item 2. PROPERTIESThe Company owns or leases <a title="2007 ADM Annual Report page 22" href="http://viewer.zmags.com/publication/fc628fef?page=22">Item 2. PROPERTIES (Continued)Corn Processin</a> Item 2. PROPERTIES (Continued)Corn Processin<a title="2007 ADM Annual Report page 23" href="http://viewer.zmags.com/publication/fc628fef?page=23">Item 2. PROPERTIES (Continued)The Company op</a> Item 2. PROPERTIES (Continued)The Company op<a title="2007 ADM Annual Report page 24" href="http://viewer.zmags.com/publication/fc628fef?page=24">PART IIItem 5. MARKET FOR REGISTRANT'S CO</a> PART IIItem 5. MARKET FOR REGISTRANT'S CO<a title="2007 ADM Annual Report page 25" href="http://viewer.zmags.com/publication/fc628fef?page=25">Item 5. MARKET FOR REGISTRANT'S COMMON EQ</a> Item 5. MARKET FOR REGISTRANT'S COMMON EQ<a title="2007 ADM Annual Report page 26" href="http://viewer.zmags.com/publication/fc628fef?page=26">Item 5. MARKET FOR REGISTRANT'S COMMON EQ</a> Item 5. MARKET FOR REGISTRANT'S COMMON EQ<a title="2007 ADM Annual Report page 27" href="http://viewer.zmags.com/publication/fc628fef?page=27">Item 6. SELECTED FINANCIAL DATA </a> Item 6. SELECTED FINANCIAL DATA <a title="2007 ADM Annual Report page 28" href="http://viewer.zmags.com/publication/fc628fef?page=28">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS</a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS<a title="2007 ADM Annual Report page 29" href="http://viewer.zmags.com/publication/fc628fef?page=29">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 30" href="http://viewer.zmags.com/publication/fc628fef?page=30">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 31" href="http://viewer.zmags.com/publication/fc628fef?page=31">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 32" href="http://viewer.zmags.com/publication/fc628fef?page=32">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 33" href="http://viewer.zmags.com/publication/fc628fef?page=33">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 34" href="http://viewer.zmags.com/publication/fc628fef?page=34">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 35" href="http://viewer.zmags.com/publication/fc628fef?page=35">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 36" href="http://viewer.zmags.com/publication/fc628fef?page=36">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 37" href="http://viewer.zmags.com/publication/fc628fef?page=37">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 38" href="http://viewer.zmags.com/publication/fc628fef?page=38">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 39" href="http://viewer.zmags.com/publication/fc628fef?page=39">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 40" href="http://viewer.zmags.com/publication/fc628fef?page=40">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 41" href="http://viewer.zmags.com/publication/fc628fef?page=41">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 42" href="http://viewer.zmags.com/publication/fc628fef?page=42">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 43" href="http://viewer.zmags.com/publication/fc628fef?page=43">Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS </a> Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS <a title="2007 ADM Annual Report page 44" href="http://viewer.zmags.com/publication/fc628fef?page=44">Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSU</a> Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSU<a title="2007 ADM Annual Report page 45" href="http://viewer.zmags.com/publication/fc628fef?page=45">Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSU</a> Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSU<a title="2007 ADM Annual Report page 46" href="http://viewer.zmags.com/publication/fc628fef?page=46">Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTA</a> Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTA<a title="2007 ADM Annual Report page 47" href="http://viewer.zmags.com/publication/fc628fef?page=47"> Archer Daniels Midland CompanyConsolidated Sta</a> Archer Daniels Midland CompanyConsolidated Sta<a title="2007 ADM Annual Report page 48" href="http://viewer.zmags.com/publication/fc628fef?page=48">Archer Daniels Midland CompanyConsolidated Balan</a> Archer Daniels Midland CompanyConsolidated Balan<a title="2007 ADM Annual Report page 49" href="http://viewer.zmags.com/publication/fc628fef?page=49">Archer Daniels Midland CompanyConsolidated State</a> Archer Daniels Midland CompanyConsolidated State<a title="2007 ADM Annual Report page 50" href="http://viewer.zmags.com/publication/fc628fef?page=50">Archer Daniels Midland CompanyConsolidated State</a> Archer Daniels Midland CompanyConsolidated State<a title="2007 ADM Annual Report page 51" href="http://viewer.zmags.com/publication/fc628fef?page=51">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 52" href="http://viewer.zmags.com/publication/fc628fef?page=52">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 53" href="http://viewer.zmags.com/publication/fc628fef?page=53">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 54" href="http://viewer.zmags.com/publication/fc628fef?page=54">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 55" href="http://viewer.zmags.com/publication/fc628fef?page=55">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 56" href="http://viewer.zmags.com/publication/fc628fef?page=56">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 57" href="http://viewer.zmags.com/publication/fc628fef?page=57">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 58" href="http://viewer.zmags.com/publication/fc628fef?page=58">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 59" href="http://viewer.zmags.com/publication/fc628fef?page=59">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 60" href="http://viewer.zmags.com/publication/fc628fef?page=60">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 61" href="http://viewer.zmags.com/publication/fc628fef?page=61">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 62" href="http://viewer.zmags.com/publication/fc628fef?page=62">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 63" href="http://viewer.zmags.com/publication/fc628fef?page=63">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 64" href="http://viewer.zmags.com/publication/fc628fef?page=64">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 65" href="http://viewer.zmags.com/publication/fc628fef?page=65">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 66" href="http://viewer.zmags.com/publication/fc628fef?page=66">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 67" href="http://viewer.zmags.com/publication/fc628fef?page=67">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 68" href="http://viewer.zmags.com/publication/fc628fef?page=68">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 69" href="http://viewer.zmags.com/publication/fc628fef?page=69">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 70" href="http://viewer.zmags.com/publication/fc628fef?page=70">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 71" href="http://viewer.zmags.com/publication/fc628fef?page=71">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 72" href="http://viewer.zmags.com/publication/fc628fef?page=72">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 73" href="http://viewer.zmags.com/publication/fc628fef?page=73">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 74" href="http://viewer.zmags.com/publication/fc628fef?page=74">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 75" href="http://viewer.zmags.com/publication/fc628fef?page=75">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 76" href="http://viewer.zmags.com/publication/fc628fef?page=76">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 77" href="http://viewer.zmags.com/publication/fc628fef?page=77">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 78" href="http://viewer.zmags.com/publication/fc628fef?page=78">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 79" href="http://viewer.zmags.com/publication/fc628fef?page=79">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 80" href="http://viewer.zmags.com/publication/fc628fef?page=80">Archer Daniels Midland CompanyNotes to Consolida</a> Archer Daniels Midland CompanyNotes to Consolida<a title="2007 ADM Annual Report page 81" href="http://viewer.zmags.com/publication/fc628fef?page=81">Report of Independent Registered Public Accountin</a> Report of Independent Registered Public Accountin<a title="2007 ADM Annual Report page 82" href="http://viewer.zmags.com/publication/fc628fef?page=82">Report of Independent Registered Public Accountin</a> Report of Independent Registered Public Accountin<a title="2007 ADM Annual Report page 83" href="http://viewer.zmags.com/publication/fc628fef?page=83">Item 9. CHANGES IN AND DISAGREEMENTS WITH AC</a> Item 9. CHANGES IN AND DISAGREEMENTS WITH AC<a title="2007 ADM Annual Report page 84" href="http://viewer.zmags.com/publication/fc628fef?page=84">PART IIIItem 10. DIRECTORS, EXECUTIVE OFFIC</a> PART IIIItem 10. DIRECTORS, EXECUTIVE OFFIC<a title="2007 ADM Annual Report page 85" href="http://viewer.zmags.com/publication/fc628fef?page=85">Item 10. DIRECTORS, EXECUTIVE OFFICERS AND</a> Item 10. DIRECTORS, EXECUTIVE OFFICERS AND<a title="2007 ADM Annual Report page 86" href="http://viewer.zmags.com/publication/fc628fef?page=86">Item 10. DIRECTORS, (Conti</a> Item 10. DIRECTORS, (Conti<a title="2007 ADM Annual Report page 87" href="http://viewer.zmags.com/publication/fc628fef?page=87">Item 10. DIRECTORS, (Conti</a> Item 10. DIRECTORS, (Conti<a title="2007 ADM Annual Report page 88" href="http://viewer.zmags.com/publication/fc628fef?page=88">Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFI</a> Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFI<a title="2007 ADM Annual Report page 89" href="http://viewer.zmags.com/publication/fc628fef?page=89">Item 15. EXHIBITS AND FINANCIAL STATEMENT SCH</a> Item 15. EXHIBITS AND FINANCIAL STATEMENT SCH<a title="2007 ADM Annual Report page 90" href="http://viewer.zmags.com/publication/fc628fef?page=90">Item 15. EXHIBITS AND FINANCIAL STATEMENT SCH</a> Item 15. EXHIBITS AND FINANCIAL STATEMENT SCH<a title="2007 ADM Annual Report page 91" href="http://viewer.zmags.com/publication/fc628fef?page=91">Item 15. EXHIBITS AND FINANCIAL STATEMENT SCH</a> Item 15. EXHIBITS AND FINANCIAL STATEMENT SCH<a title="2007 ADM Annual Report page 92" href="http://viewer.zmags.com/publication/fc628fef?page=92">SIGNATURESPursuant to the requirements of Sectio</a> SIGNATURESPursuant to the requirements of Sectio<a title="2007 ADM Annual Report page 93" href="http://viewer.zmags.com/publication/fc628fef?page=93">STOCKHOLDER INFORMATIONStock ExchangesArcher D</a> STOCKHOLDER INFORMATIONStock ExchangesArcher D<a title="2007 ADM Annual Report page 94" href="http://viewer.zmags.com/publication/fc628fef?page=94">&reg;</a> &reg;