Photo: ©JETCITYIMAGE – STOCK.ADOBE.COM FORT LAUDERDALE, FLA. — With a renewed organizational focus on customers begun several years ago, ADM has been emphasizing the importance of quality of earnings in addition to quantity, seeking a return on invested capital and synergies that can smooth out volatile markets over the long haul and helping farmers embrace regenerative agriculture in a more secure, value-added future. ADM underwent an exercise a few years ago in which the global agribusiness looked at all of its businesses, down to specific assets, identified the strategic fit and looked at the return structure associated with those businesses and assets. As a result, a number of facilities and businesses were adjusted or sold, said Greg Morris, president, Ag Services and Oilseeds at ADM, who was speaking at the Bank of America 2023 Global Agriculture and Materials Conference, held March 1-2 in Fort Lauderdale. “We went through a period of time where we made some significant portfolio adjustments, exiting underperforming businesses, low-returning businesses, volatile-returning businesses and replacing those with businesses that we believe were going to have a much more steady trajectory in terms of the earnings growth,” he said Mr. Morris said assets that are high-volume, high-throughput […]
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