Podcast appearances and mentions of archer daniels midland

In this episode, we dive into Warren Buffett's succession and legacy, the philosophy that built Berkshire Hathaway, and what the future might hold under Greg Abel. We also break down recent dividend news, from Apple's modest hike to Wendy's surprising cut, and share our own May dividend income.We cover earnings from some major names like Novo Nordisk, Archer Daniels Midland, Ahold Delhaize, and Legrand, plus explore the intriguing possibility of Shell acquiring BP. Listener questions spark some great discussion, including what football clubs would be as dividend stocks, whether our podcast can move markets, and which companies have the strongest moats.

Archer Daniels Midland will permanently close its soybean processing plant in Kershaw, South Carolina, and some 88% of Canadian agri-businesses say Canada should strengthen trade ties with other countries besides China and the U.S. due to rising trade tensions.

In the 1960s, a deep anxiety set in as one thing became seemingly clear: We were headed toward population catastrophe. Paul Ehrlich's “The Population Bomb” and “The Limits to Growth,” written by the Club of Rome, were just two publications warning of impending starvation due to simply too many humans on the earth.As the population ballooned year by year, it would simply be impossible to feed everyone. Demographers and environmentalists alike held their breath and braced for impact.Except that we didn't starve. On the contrary, we were better fed than ever.In his article in The New Atlantis, Charles C. Mann explains that agricultural innovation — from improved fertilization and irrigation to genetic modification — has brought global hunger to a record low.Today on Faster, Please! — The Podcast, I chat with Mann about the agricultural history they didn't teach you in school.Mann is a science journalist who has worked as a correspondent for The Atlantic, Science, and Wired magazines, and whose work has been featured in many other major publications. He is also the author of 1491: New Revelations of the Americas Before Columbus and1493: Uncovering the New World Columbus Created, as well as The Wizard and the Prophet: Two Remarkable Scientists and Their Dueling Visions to Shape Tomorrow's World.In This Episode* Intro to the Agricultural Revolution (2:04)* Water infrastructure (13:11)* Feeding the masses (18:20)* Indigenous America (25:20)Below is a lightly edited transcript of our conversation. Intro to the Agricultural Revolution (2:04)I don't think that people realize that the fact that most people on earth, almost the average person on earth, can feed themselves is a novel phenomenon. It's something that basically wasn't true since as far back as we know.Pethokoukis: What got my attention was a couple of pieces that you've worked on for The New Atlantis magazine looking at the issue of how modern Americans take for granted the remarkable systems and infrastructure that provide us comfort, safety, and a sense of luxury that would've been utterly unimaginable even to the wealthiest people of a hundred years ago or 200 years ago.Let me start off by asking you: Does it matter that we do take that for granted and that we also kind of don't understand how our world works?Mann: I would say yes, very much. It matters because these systems undergird the prosperity that we have, the good fortune that we have to be alive now, but they're always one generation away from collapse. If they aren't maintained, upgraded and modernized, they'll fall apart. They just won't stand there. So we have to be aware of this. We have to keep our eye on the ball, otherwise we won't have these things.The second thing is that, if we don't know how our society works, as citizens, we're simply not going to make very good choices about what to do with that society. I feel like both sides in our current political divide are kind of taking their eye off the ball. It's important to have good roads, it's important to have clean water, it's important to have a functioning public health system, it's important to have an agricultural system that works. It doesn't really matter who you are. And if we don't keep these things going, life will be unnecessarily bad for a lot of people, and that's just crazy to do.Is this a more recent phenomenon? If I would've asked people 50 years ago, “Explain to me how our infrastructure functions, how we get water, how we get electricity,” would they have a better idea? Is it just because things are more complicated today that we have no idea how our food gets here or why when we turn the faucet, clean water comes out?The answer is “yes” in a sort of trivial sense, in that many more people were involved in producing food, a much greater percentage of the population was involved in producing food 50 years ago. The same thing was true for the people who were building infrastructure 50 years ago.But I also think it's generally true that people's parents saw the change and knew it. So that is very much the case and, in a sense, I think we're victims of our own success. These kinds of things have brought us so much prosperity that we can afford to do crazy things like become YouTube influencers, or podcasters, or freelance writers. You don't really have any connection with how the society goes because we're sort of surfing on this wave of luxury that our ancestors bequeathed to us.I don't know how much time you spend on social media, Charles — I'm sure I spend too much — but I certainly sense that many people today, younger people especially, don't have a sense of how someone lived 50 years ago, 100 years ago, and there was just a lot more physical suffering. And certainly, if you go back far enough, you could not take for granted that you would have tomatoes in your supermarket year round, that you would have water in the house and that water would be clean. What I found really interesting — you did a piece on food and a piece on water — in the food piece you note that, in the 1980s, that was a real turning point that the average person on earth had enough to eat all the time, and rather than becoming an issue of food production, it became an issue of distribution, of governance. I think most people would be surprised of that statistic even though it's 40 years old.I don't think that people realize that the fact that most people on earth, almost the average person on earth, can feed themselves is a novel phenomenon. It's something that basically wasn't true since as far back as we know. That's this enormous turning point, and there are many of these turning points. Obviously, the introduction of antibiotics for . . . public health, which is another one of these articles they're going to be working on . . .Just about 100 years ago today, when President Coolidge was [president], his son went to play tennis at the White House tennis courts, and because he was lazy, or it was fashionable, or something, he didn't put on socks. He got a blister on his toe, the toe got infected, and he died. 100 years ago, the president of the United States, who presumably had the best healthcare available to anybody in the world, was unable to save his beloved son when the son got a trivial blister that got infected. The change from that to now is mind boggling.You've written about the Agricultural Revolution and why the great fears 40 or 50 years ago of mass starvation didn't happen. I find that an endlessly interesting topic, both for its importance and for the fact it just seems to be so underappreciated to this day, even when it was sort of obvious to people who pay attention that something was happening, it still seemed not to penetrate the public consciousness. I wonder if you could just briefly talk to me about that revolution and how it happened.The question is, how did it go from “The Population Bomb” written in 1968, a huge bestseller, hugely influential, predicting that there is going to be hundreds of millions of people dying of mass starvation, followed by other equally impassioned, equally important warnings. There's one called “Famine, 1975!,” written a few years before, that predicted mass famines in 1975. There's “The Limits to Growth.” I went to college in the '70s and these were books that were on the curriculum, and they were regarded as contemporary classics, and they all proved to be wrong.The reason is that, although they were quite correct about the fact that the human race was reproducing at that time faster than ever before, they didn't realize two things: The first is that as societies get more affluent, and particularly as societies get more affluent and give women more opportunities, birth rates decline. So that this was obviously, if you looked at history, going to be a temporary phenomenon of whatever length it was be, but it was not going to be infinite.The second was there was this enormous effort spurred by this guy named Norman Borlaug, but with tons of other people involved, to take modern science and apply it to agriculture, and that included these sort of three waves of innovation. Now, most innovation is actually just doing older technologies better, which is a huge source of progress, and the first one was irrigation. Irrigation has been around since forever. It's almost always been done badly. It's almost always not been done systematically. People started doing it better. They still have a lot of problems with it, but it's way better, and now 40 percent, roughly, of the crops in the world that are produced are produced by irrigation.The second is the introduction of fertilizer. There's two German scientists, Fritz Haber and Carl Bosch, who essentially developed the ways of taking fertilizer and making lots and lots of it in factories. I could go into more detail if you want, but that's the essential thing. This had never been done before, and suddenly cheap industrial fertilizer became available all over the world, and Vaclav Smil . . . he's sort of an environmental scientist of every sort, in Manitoba has calculated that roughly 40 percent of the people on earth today would not be alive if it wasn't for that.And then the third was the development of much better, much higher-yielding seeds, and that was the part that Norman Borlaug had done. These packaged together of irrigation fertilizer and seeds yielded what's been called the Green Revolution, doubled, tripled, or even quadrupled grain yields across the world, particularly with wheat and rice. The result is the world we live in today. When I was growing up, when you were growing up, your parents may have said to you, as they did me, Oh, eat your vegetables, there are kids that are starving in Asia.” Right? That was what was told and that was the story that was told in books like “The Population Bomb,” and now Asia's our commercial rival. When you go to Bangkok, that was a place that was hungry and now it's gleaming skyscrapers and so forth. It's all based on this fact that people are able to feed themselves through the combination of these three factors,That story, the story of mass-starvation that the Green Revolution irrigation prevented from coming true. I think a surprising number of people still think that story is relevant today, just as some people still think the population will be exploding when it seems clear it probably will not be exploding. It will rise, but then it's going to start coming down at some point this century. I think those messages just don't get through. Just like most people don't know Norm Borlaug, the Haber-Bosch process, which school kids should know. They don't know any of this. . . Borlaug won the Nobel Prize, right?Right. He won the Nobel Peace Prize. I'll tell you a funny story —I think he won it in the same year that “The Population Bomb” came out.It was just a couple years off. But you're right, the central point is right, and the funny thing is . . . I wrote another book a while back that talked about this and about the way environmentalists think about the world, and it's called the “Wizard and the Prophet” and Borlaug was the wizard of it. I thought, when I proposed it, that it would be easy. He was such an important guy, there'd be tons of biographies about him. And to this day, there isn't a real serious scholarly biography of the guy. This is a person who has done arguably more to change human life than any other person in the 20th century, certainly up in the top dozen or so. There's not a single serious biography of him.How can that be?It's because we're tremendously disconnected. It's a symptom of what I'm talking about. We're tremendously disconnected from these systems, and it's too bad because they're interesting! They're actually quite interesting to figure out: How do you get water to eight billion people? How do you get . . . It is a huge challenge, and some of the smartest people you've ever met are working on it every day, but they're working on it over here, and the public attention is over here.Water infrastructure (13:11). . . the lack of decent, clean, fresh water is the world's worst immediate environmental problem. I think people probably have some vague idea about agriculture, the Agricultural Revolution, how farming has changed, but I think, as you just referred to, the second half, water — utter mystery to people. Comes out of a pipe. The challenges of doing that in a rich country are hard. The challenges doing a country not so rich, also hard. Tell me what you find interesting about that topic.Well, whereas the story about agriculture is basically a good story: We've gotten better at it. We have a whole bunch of technical innovations that came in the 20th century and humankind is better off than ever before. With water, too, we are better off than ever before, but the maddening thing is we could be really well off because the technology is basically extremely old.There's a city, a very ancient city called Mohenjo-daro that I write about a bit in this article that was in essentially on the Pakistan-India border, 2600 BC. And they had a fully functioning water system that, in its basics, was no different than the water system that we have, or that London has, or that Paris has. So this is an ancient, ancient technology, yet we still have two billion people on the planet that don't have access to adequate water. In fact, even though we know how to do it, the lack of decent, clean, fresh water is the world's worst immediate environmental problem. And a small thing that makes me nuts is that climate change — which is real and important — gets a lot of attention, but there are people dying of not getting good water now.On top of it, even in rich countries like us, our water system is antiquated. The great bulk of it was built in the '40s, '50s, and '60s, and, like any kind of physical system, it ages, and every couple years, various engineering bodies, water bodies, the EPA, and so forth puts out a report saying, “Hey, we really have to fix the US water system and the numbers keep mounting up.” And Democrats, Republicans, they all ignore this.Who is working on the water issue in poorer countries?There you have a very ad hoc group of people. The answer is part of it's the Food and Agricultural Organization because most water in most countries is used for irrigation to grow food. You also have the World Health Organization, these kinds of bodies. You have NGOs working on it. What you don't have in those countries like our country is the government taking responsibility for coordinating something that's obviously in the national interest.So you have these things where, very periodically — a government like China has done this, Jordan has done this, Bolivia has done this, countries all over the world have done this — and they say, “Okay, we haven't been able to provide freshwater. Let's bring in a private company.” And the private company then invests all this money in infrastructure, which is expensive. Then, because it's a private company, it has to make that money back, and so it charges people for a lot of money for this, and the people are very unhappy because suddenly they're paying a quarter of their income for water, which is what I saw in Southwest China: water riots because people are paying so much for water.In other words, one of the things that government can do is sort of spread these costs over everybody, but instead they concentrate it on the users, Almost universally, these privatization efforts have led to tremendous political unhappiness because the government has essentially shifted responsibility for coordinating and doing these things and imposed a cost on a narrow minority of the users.Are we finally getting on top of the old water infrastructure in this country? It seems like during the Biden administration they had a big infrastructure bill. Do you happen to know if we are finally getting that system upgraded?Listen, I will be the only person who probably ever interviews you who's actually had to fix a water main as a summer job. I spent [it at] my local Public Works Department where we'd have to fix water mains, and this was a number of years ago, and even a number of years ago, those pipes were really, really old. It didn't take much for them to get a main break.I'm one of those weird people who is bothered by this. All I can tell you is we have a lot of aging infrastructure. The last estimate that I've seen came before this sort of sudden jerky rise of construction costs, which, if you're at all involved in building, is basically all the people in the construction industry talk about. At that point, the estimate was that it was $1.2 trillion to fix the infrastructure that we have in the United States. I am sure it is higher now. I am delighted that the Biden people passed this infrastructure — would've been great if they passed permitting reform and a couple of other things to make it easier to spend the money, but okay. I would like to believe that the Trump people would take up the baton and go on this.Feeding the masses (18:20)I do worry that the kind of regulations, and rules, and ideas that we put into place to try and make agriculture more like this picture that we have in our head will end up inadvertently causing suffering for the people who are struggling.We're still going to have another two billion people, maybe, on this earth. Are we going to be able to feed them all?Yeah, I think that there's no question. The question is what we're going to be able to feed them? Are we going to be able to feed them all, filet mignon and truffled . . . whatever they put truffle oil on, and all that? Not so sure about that.All organic vegetables.At the moment, that seems really implausible, and there's a sort of fundamental argument going on here. There's a lot of people, again, both right and left, who are sort of freaked out by the scale that modern agriculture operates on. You fly over the middle-west and you see all those circles of center-pivot irrigation, they plowed under, in the beginning of the 20th century, 100 million acres of prairie to produce all that. And it's done with enormous amounts of capital, and it was done also partly by moving people out so that you could have this enormous stuff. The result is it creates a system that . . . doesn't match many people's vision of the friendly family farmer that they grew up with. It's a giant industrial process and people are freaked out by the scale. They don't trust these entities, the Cargills and the ADMs, and all these huge companies that they see as not having their interests at heart.It's very understandable. I live in a small town, we have a farm down there, and Jeremy runs it, and I'm very happy to see Jeremy. There's no Jeremy at Archer Daniels Midland. So the result is that there's a big revulsion against that, and people want to downsize the scale, and they point to very real environmental problems that big agriculture has, and they say that that is reason for this. The great problem is that in every single study that I am aware of, the sort of small, local farms don't produce as much food per acre or per hectare as the big, soulless industrial processes. So if you're concerned about feeding everybody, that's something you have to really weigh in your head, or heavy in your heart.That sort of notion of what a farm should look like and what good food is, that kind of almost romantic notion really, to me, plays into the sort of anti-growth or the degrowth people who seemed to be saying that farms could only be this one thing — probably they don't even remember those farms anymore — that I saw in a storybook. It's like a family farm, everything's grown local, not a very industrial process, but you're talking about a very different world. Maybe that's a world they want, but I don't know if that's a world you want if you're a poor person in this world.No, and like I said, I love going to the small farm next to us and talking to Jeremy and he says, “Oh look, we've just got these tomatoes,” it's great, but I have to pay for that privilege. And it is a privilege because Jeremy is barely making it and charging twice as much as the supermarket. There's no economies of scale for him. He still has to buy all the equipment, but he's putting it over 20 acres instead of 2000 acres. In addition, it's because it's this hyper-diverse farm — which is wonderful; they get to see the strawberries, and the tomatoes, and all the different things — it means he has to hire much more labor than it would be if he was just specializing in one thing. So his costs are inevitably much, much higher, and, therefore, I have to pay a lot more to keep him going. That's fine for me; I'm a middle-class person, I like food, this can be my hobby going there.I'd hate to have somebody tell me it's bad, but it's not a system that is geared for people who are struggling. There are just a ton of people all over the world who are struggling. They're better off than they were 100 years ago, but they're still struggling. I do worry that the kind of regulations, and rules, and ideas that we put into place to try and make agriculture more like this picture that we have in our head will end up inadvertently causing suffering for the people who are struggling.To make sure everybody can get fed in the future, do we need a lot more innovation?Innovation is always good. I would say that we do, and the kinds of innovation we need are not often what people imagine. For example, it's pretty clear that parts of the world are getting drier, and therefore irrigation is getting more difficult. The American Southwest is a primary candidate, and you go to the Safford Valley, which I did a few years ago — the Safford Valley is in southeast Arizona and it's hotter than hell there. I went there and it's 106 degrees and there's water from the Colorado River, 800 miles away, being channeled there, and they're growing Pima cotton. Pima cotton is this very good fine cotton that they use to make fancy clothes, and it's a great cash crop for farmers, but growing it involves channeling water from the Colorado 800 miles, and then they grow it by what's called flood irrigation, which is where you just fill the field with an inch of water. I was there actually to see an archeologist who's a water engineer, and I said to him, “Gee, it's hot! How much that water is evaporated?” And he said, “Oh, all of it.”So we need to think about that kind of thing if the Colorado is going to run out of water, which it is now. There's ways you can do it, you can possibly genetically modify cotton to use less water. You could drip irrigation, which is a much more efficient form of irrigation, it's readily available, but it's expensive. So you could try to help farmers do that. I think if you cut the soft costs, which is called the regulatory costs of farming, you might be able to pay for it in that way. That would be one type of innovation. Another type of thing you could do is to do a different kind of farming which is called civil pastoral systems, where you grow tree crops and then you grow cattle underneath, and that uses dramatically less water. It's being done in Sonora, just across the border and the tree crops — trees are basically wild. People don't breed them because it takes so long, but we now have the tools to breed them, and so you could make highly productive trees with cattle underneath and have a system that produces a lot of calories or a lot of good stuff. That's all the different kinds of innovation that we could do. Just some of the different kinds of innovation we could do and all would help.Indigenous America (25:20)Part of the reason I wrote these things is that I realized it's really interesting and I didn't learn anything about it in school.Great articles in The New Atlantis, big fan of “Wizard and the Prophet,” but I'm going to take one minute and ask you about your great books talking about the story of the indigenous peoples of the Americas. If I just want to travel in the United States and I'm interested in finding out more about Native Americans in the United States, where would you tell me to go?One of my favorite places just it's so amazing, is Chaco Canyon, and that's in the Four Corners area — that whole Four Corners area is quite incredible — and Chaco Canyon is a sign that native people could build amazing stuff, and native people could be crazy, in my opinion. It's in the middle of nowhere, it has no water, and for reasons that are probably spiritual and religious, they built an enormous number of essentially castles in this canyon, and they're incredible.The biggest one, Pueblo Bonito as it's called now, it's like 800 rooms. They're just enormous. And you can go there, and you can see these places, and you can just walk around, and it is incredible. You drive up a little bit to Mesa Verde and there's hundreds of these incredible cliff dwellings. What seems to have happened — I'm going to put this really informally and kind of jokingly to you, not the way that an archeologist would talk about it or I would write about it, but what looks like it happened is that the Chaco Canyon is this big canyon, and on the good side that gets the southern exposure is all these big houses. And then the minions and the hoi polloi lived on the other side, and it looks like, around 800, 900, they just got really tired of serving the kings and they had something like a democratic revolution, and they just left, most of them, and founded the Pueblos, which is these intensely democratic self-governing bodies that are kind of like what Thomas Jefferson thought the United States should be.Then it's like all the doctors, and the lawyers, and the MBAs, and the rich guys went up to Mesa Verde and they started off their own little kingdoms and they all fought with each other. So you have these crazy cliff dwellings where it's impossible to get in and there's hundreds of people living in these niches in these cliffs, and then that blew up too. So you could see history, democracy, and really great architecture all in one place.If someone asked me for my advice about changing the curriculum in school, one, people would leave school knowing who the heroes of progress and heroes of the Agricultural Revolution were. And I think they'd also know a lot more about pre-Columbian history of the Americas. I think they should know about it but I also think it's just super interesting, though of course you've brought it to life in a beautiful way.Thank you very much, and I couldn't agree with you more. Part of the reason I wrote these things is that I realized it's really interesting and I didn't learn anything about it in school.On sale everywhere The Conservative Futurist: How To Create the Sci-Fi World We Were PromisedFaster, Please! is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit fasterplease.substack.com/subscribe

In this bonus episode, Caleb and his producer, Zach, discuss the 2009 film The Informant! Directed by Steven Soderbergh and starring Matt Damon, The Informant! is based on the true story of a 90s-era price fixing scheme involving the multinational food processing and commodities trading giant, Archer-Daniels Midland.(00:00) - - Welcome to Oh My Fraud at the Movies (02:45) - - Introduction to "The Informant" (2009) (06:35) - - Plot Overview and Initial Setup (12:45) - - The Price Fixing Scheme (20:35) - - The FBI Investigation (24:50) - - The Plot Twist (34:30) - - The Outcome (39:05) - - Connections to Other Fraud Cases (42:20) - - Wrap-up and Final Thoughts HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appJoin Caleb and Greg live in New Jersey NJCPA Convention & Expo [NJCPA]CONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comhttps://www.imdb.com/title/tt1130080/https://en.wikipedia.org/wiki/The_Informant!

David Dietze, President of the Dietze Wealth Management Group shares his insights on whether investors should expect more bargains, or is the risk of declining profit outlooks a major concern; drop in Tesla, Palantir and Nvidia; as well as the likelihood of divergence of global fiscal and monetary policies coming on the back of European countries are ramping up defense expenditures. He also weighs in on why the healthcare, REITS and Real Estate sectors are standing out at the moment; and his stock picks for this season: Conoco Phillips (COP), Super Micro (SMCI), Archer Daniels Midland (ADM). Presented by: Emaad AkhtarProduced by: Yeo Kai Ting (ykaiting@sph.com.sg)Photo credits: pixabay & its talented community of contributorsSee omnystudio.com/listener for privacy information.

The US and Europe battled in the UN and G7 over whether to blame Russia for its war against Ukraine, German election winner Friedrich Merz faces serious hurdles to boosting defence spending, and Apple said it planned to hire an additional 20,000 staff in the US over the next four years. Plus, US commodities trader Archer Daniels Midland has pledged to stick with its climate commitments, despite looser regulations under President Donald Trump.Mentioned in this podcast:Europe and US clash over Ukraine in G7 and UNDebt and defence worries for Friedrich Merz after AfD and far left make gainsApple announces plans to create 20,000 US jobs in pitch to Donald TrumpADM pledges to stick to climate goals as Donald Trump divides corporate worldThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Mark Whitacre, a high-ranking exec at the agribusiness company Archer Daniels Midland, approached the FBI with some scandalous news: His employer was part of an international cartel illegally inflating the cost of lysine, an additive used in animal feed. What Whitacre ultimately helped uncover landed more than just his bosses in prison. "Crimes of the Centuries" is a podcast from Grab Bag Collab exploring forgotten crimes from times past that made a mark and helped change history. You can get early and ad-free episodes on the Grab Bag Patreon page.  DON'T FORGET ABOUT THE CRIMES OF THE CENTURIES BOOK!  Order today at www.centuriespod.com/book (https://www.centuriespod.com/book)! Follow us on Instagram and Twitter: @centuriespod Episode Sponsors: Skims. The Fits Everybody collection is available in sizes XXS to 4X. You can shop now at SKIMS.com and SKIMS stores. After you place your order, be sure to let them know I sent you! Select "podcast" in the survey and be sure to select my show in the dropdown menu that follows. And if you are looking for the perfect gift for your Valentine or for yourself - SKIMS just launched their best Valentine's Shop ever! Available in sizes for women, men, and kids. Fay Nutrition. Listeners of Crimes of the Centuries can qualify to see a registered dietitian for as little as $0 by visiting FayNutrition.com/COTC. Wildgrain. For a limited time, Wildgrain is offering our listeners $30 off the first box - PLUS free Croissants in every box - when you go to Wildgrain.com/COTC to start your subscription.

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Agricultural producer Archer Daniels Midland is preparing to layoff as many as 700 employees. The Chicago-based company is looking to cut costs, after disappointing earnings in 2024. The layoffs will be worldwide, including suburban locations and downstate Decatur. The company is […]

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

*Correction at the top of the episode- Today's date is Thursday, November 14th.Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

According to dozens of interviews and conversations at last week's United Nations General Assembly and New York Climate Week, the international climate movement doesn't have a concrete strategy if Donald Trump returns to the White House. POLITICO's Zack Colman breaks down why the climate world doesn't have a plan for Trump 2.0. Plus, Archer Daniels Midland has temporarily paused carbon sequestration at its first-in-the-nation injection site in Illinois after discovering a leak at a second monitoring well. Zack Colman covers climate change for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer.  Annie Rees is the managing producer for audio at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO.  Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Whitacre is the highest-level executive to ever turn whistleblower in U.S. history. His undercover work with the FBI during the ADM scandal inspired the major motion picture, "The Informant," starring Matt Damon as Mark Whitacre. And was the inspiration for the Discovery Channel Documentary, titled "Undercover" which is linked below. In this podcast, Mark recounts his early years, education, career, and time with Archer Daniels Midland. He shares how his life was transformed when he found faith in prison and has since dedicated his life to serving others and spreading the message of redemption through Jesus Christ. Mark's Authorized Biography - Against All Odds - https://a.co/d/7ddvWr9 Discovery Channel Documentary - Undercover - https://vimeo.com/416514389 Chapters 00:00 Introduction: Mark Whitaker's Background 19:19 Living Large: The Temptations of Wealth 29:42 A Conscience Awakened: Ginger's Conviction 32:36 Exposing the Corruption 35:02 Wearing a Wire and Gathering Evidence 37:47 The Dangers and Toll of Being an Informant 46:18 Choosing Trial Over a Plea Agreement 51:28 Finding Faith and Redemption 56:20 Living a Life of Significance --- Support this podcast: https://podcasters.spotify.com/pod/show/embracing-brokenness/support

Today, we're going to talk about the most powerful group in the food industry—the four companies control 90% of the grain trade. This includes products made from corn, soy, wheat, sugar, and rice, which comprise about 68% of the average person's calories in the United States. The 4 following companies are the middleman between farmers and food corporations: 1. Archer Daniels Midland 2. Bunge 3. Cargill 4. Louis Dreyfus There is a lot of corruption in the food industry. Many “junk food brands” also own organic and natural brands, pet food, and vitamin and supplement companies. Starches, sugars, and seed oils are the main ingredients in almost all ultra-processed foods. The sugar is used to keep you wanting more, seed oils are repurposed waste, and starches are a chain of sugars used as a filler. Starches cause more of an insulin spike than sugar. Sugar has a glycemic index of 65 compared to 185 for maltodextrin! Fillers and starches can cause major health problems. The market follows the demand, so what you choose to buy is important! If you stop buying these products, you decrease the demand.

Bienvenidos a Salud Financiera. Un programa en directo diario dónde puedes aprender y preguntar sobre finanzas personales y mercados financieros. En este episodio #99 hablaremos sobre Archer Daniels Midland Debatiremos acerca del último paper de Howard Marks y las carteras de NextepNo te pierdas nada de nuestra comunidad: https://linktr.ee/misaludfinanciera y consulta nuestro curso de ETFs disponible en https://go.hotmart.com/U91482169YCronología del Episodio00:00 Introducción02:05 La Historia de Archer Daniels Midland13:55 Análisis de Nextep Finance49:30 Despedida

Plus: President Biden and former President Trump could win enough delegates in today's primaries to become their parties' presumptive nominees. Archer Daniels Midland says it is facing a Justice Department investigation for its accounting practices. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we dive into the Bank of Canada's decision to maintain its policy rate at 5%, Tesla's challenging earnings report, the impact of shipping issues on the global economy, Leon's Furniture's surprising move into real estate development, the performance of Canadian National Railway, and the unfolding accounting issues at Archer Daniels Midland. Additionally, we provide a comprehensive review of ASML's Q4 and full-year earnings, shedding light on their pivotal role in the semiconductor industry. Tickers of stock discussed: TSLA, LNF.TO, CNR.TO, ADM, ASML Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon's twitter: @Fiat_Iceberg Braden's twitter: @BradoCapital Dan's Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor  Spotify - The Canadian Real Estate Investor  Sign up for Finchat.io for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.

In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Holger Zschäpitz über das Vorstandsbeben bei Aurubis, einen historischen Crash bei Archer Daniels-Midland, einen dreistelligen Millionengewinn für Mr Beast und wir erklären euch, warum der Bitcoin trotz ETF-Zulassung unter die 40k Dollar gefallen ist. Außerdem geht es um Samsung SDI, Samsung Electronics Panasonic, LG Electronics, Oracle, STMicroelectronics, Infineon, Nvidia, Teledyne, BYD, On Semi, Trimble, Synopsis, Grayscale Bitcoin Trust, ProShares Bitcoin Strategy ETF (WKN: A3C5PZ), SPDR Gold ETF (GLD) (WKN: A0Q27V), iShares Bitcoin ETF (WKN: A3ERHE), Fidelity Wise Origin Bitcoin ETF (ISIN: US3159481098), Bitwise Bitcoin ETF (ISIN: US09174C1045) und ARK 21shares Bitcoin (WKN: A2T64E), VanEck Bitcoin Trust (WKN: A4018S). Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hier findet ihr alle AAA-Bonus-Episoden bei WELT – dazu den AAA-Newsletter und noch weitere WELTplus-Inhalte: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Plus: Apple's market cap rises back above $3 trillion, MarketWatch reports. Shares of Archer Daniels Midland fall 24% as the company investigates its accounting practices. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

El S&P 500 sigue su senda alcista tras marcar máximos históricos el viernes. En el ámbito empresarial, protagonismo para Archer-Daniels-Midland.

In this week's episode of CISO's Secret, Cyber Security Evangelist Grant Asplund hosts Thomas Dager  - CISO at Archer Daniels Midland (ADM) Company ADM is one of the world's largest nutrition companies - committed to people, communities and the planet, and offering sustainable, innovative solutions to meet the world's most fundamental needs for food, drink and more. CISO's Secrets Podcast is powered by Infinity Global Services (IGS).Visit CISO ACADEMY to access additional learning opportunities for C level executives

Dave Schwan has the business news of the day with the Wintrust Business Minute. There are a lot of third quarter earnings reports out today and lot of them exceed expectations. Among them is agribusiness giant Archer Daniels Midland with offices in Chicago and Decatur. On a per-share basis ADM had a profit of a […]

ADM and Skadden formed a pro bono partnership in 2019 to create a series of pro bono days of service, including clinics hosted in Skadden's office. Since then, they have provided pro bono legal assistance to an array of clients – and over the years the partnership has averaged in assisting 12 to 40 individuals during each clinic. ADM and Skadden have worked most recently with the National Immigrant Justice Center to assist immigrants who had obtained asylee or refugee status in filing their green card applications. Find out more about this impactful project.

0:00 -- Intro. *reference to our episodes reviewing Succession Season 1: E98 of this podcast (May 22, 2023) and Season 2: E102 (June 26, 2023).2:00 -- Start of interview. 3:50 -- About Sean Berkowitz and the Enron Case: prosecuting Ken Lay and Jeff Skilling (2006).7:05 -- On whistleblowers and avoiding retaliation. "Whistleblowers are one of the trickiest things you can deal with as counsel representing a corporation."11:05 --  Kendall's whistleblower scenario. Conducting internal investigations.15:02 -- On government relations and political interference with federal investigations. "It essentially doesn't work." "The discretion and judgment of a line prosecutor is always going to rule the day."17:22 -- Cooperating with Federal investigations. 21:12 -- The role of the board of a public company under federal investigation.22:52 -- On "shifting to legals", internal investigations by outside counsel, and creating a special committee of the board to remove conflicts of interest.29:16 -- Explaining joint defense agreements. The Archer-Daniels-Midland case (reference to movie The Informant).33:34 -- On the link between good governance and how shareholders value the company, including activists (Josh Aronson scene) and the proxy battle.43:36 -- On sexual harassment complaints (situation between Roman and Gerri involving explicit pictures). The factor of CEO succession and how the board should conduct their selection.50:30 -- On potential GoJo red flags and need for due diligence, including leadership assessment and kicking the tires on their numbers. What could/should board be doing in this situation?55:33 -- Dealing with moguls and founders like Lukas Matsson. "I think that one of the elements at the heart of corporate governance is personal integrity and character... and Matsson is not a good guy."59:49 -- Family governance within public companies. "Ultimately it all comes down to the documents: who can vote what, who has control, who has the ability in a tie break, etc." The problem with "rubber stamping boards." Question: "would any of us invest in a company run by Kendall or Roman?"01:06:11 -- Kendall's Unreliable Testimony to the DOJ ("Queen for a day" opportunity) and Preparation Failure.Kate O'Leary is the Global Executive Litigation Counsel at General Electric Company.Sean Berkowitz is a Partner at Latham & Watkins and the Global Chair of the Complex Commercial Litigation Practice. He represents clients in complex litigation and regulatory investigations.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Also in the news: Black Restaurant Week has begun in Chicago; Two businesses vandalized by as many as 15 people in Andersonville; Two injured after fire in a South Side high-rise building and more.

Also in the news: Black Restaurant Week has begun in Chicago; Two businesses vandalized by as many as 15 people in Andersonville; Two injured after fire in a South Side high-rise building and more.

Also in the news: Black Restaurant Week has begun in Chicago; Two businesses vandalized by as many as 15 people in Andersonville; Two injured after fire in a South Side high-rise building and more.

Francisco J. Sánchez served as the U.S. Under Secretary of Commerce for Trade until 2013, a role former President Barack Obama nominated him to in 2009. As Under Secretary, Mr. Sánchez led the International Trade Administration in its efforts to improve the global business environment by helping U.S. businesses compete abroad and was one of the architects of President Obama's National Export Initiative, with the goal of doubling U.S. exports by the end of 2014.During the Clinton Administration, Mr. Sánchez served in the White House as a special assistant to former President Bill Clinton, and chief of staff to the Special Envoy to the Americas. He then served as assistant secretary at the U.S. Department of Transportation (DOT), before returning to the private sector.Currently the co-head of the International Trade practice at Holland & Knight, he is also an entrepreneur and investor. He co-founded NorthStar Bank in Tampa, Florida, which was later sold to Seacoast Bank, as well as CNS Global Consulting Group. Until recently, he was on the board of directors of Archer Daniels Midland. He is also a good friend and business partner of host Tal Zlotnitsky, and is the co-founder and Chairman of Tal's new startup – still in stealth mode -- Breez AI.Join a remarkable interview about life, inspiration, overcoming imposter syndrome and leading with love.

In this video, we'll perform an ADM stock analysis and figure out what Archer-Daniels-Midland Company looks like based on the numbers. We'll also try to figure out what a reasonable fair intrinsic value is for Archer-Daniels-Midland. And answer is Archer-Daniels-Midland one of the best stocks to buy at the current price? Find out in the video above! Global Value's Archer-Daniels-Midland stock analysis. TIKR is the website I use for financial data in my videos. Join me and thousands of investors worldwide by using TIKR in your investment analysis. All funds from referrals directly support the channel to improve video quality! Referral link - https://www.tikr.com/globalvalue Check out Seeking Alpha Premium and score a 14-day free trial. Plus all funds from affiliate referrals go directly towards supporting the channel! Affiliate link - https://www.sahg6dtr.com/H4BHRJ/R74QP/ If you'd like to try Sharesight, please use my referral link to support the channel! https://www.sharesight.com/globalvalue (remember you get 4 months free if you sign up for an annual subscription!) Discover new investing resources and directly support the channel by shopping my Amazon storefront! All commissions are reinvested to improve the quality of videos! https://www.amazon.com/shop/globalvalue Archer-Daniels-Midland ($ADM) | Archer-Daniels-Midland Stock Fundamental Analysis | Archer-Daniels-Midland Stock Dividend Analysis | Archer-Daniels-Midland Dividend Analysis | $ADM Dividend Analysis | Archer-Daniels-Midland Fair Value | ADM Intrinsic Value | ADM Fair Value #Archer-Daniels-Midland #ADM #ADMstock #archerdanielsmidland #stockmarket #dividend #stocks #investing #valueinvesting #dividendstocks #dividendkings #investor #valueinvestor #stockanalysis #dividend #dividends #dividendstocks2023 (Recorded July 22, 2023) ❖ MUSIC ❖ ♪ "Lift" Artist: Andy Hu License: Creative Commons Attribution 3.0 ➢ https://creativecommons.org/licenses/by/3.0/legalcode ➢ https://www.youtube.com/watch?v=sQCuf...

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Daniel Eckert über Börsenbeifall für Johnson&Johnson, den Margenknick bei Tesla und dunkle Clouds über SAP. Außerdem geht es um Software AG, Vitesco, Borussia Dortmund, PNE, Netflix, Mosaic, Deere&Co, Archer Daniels Midland, Bunge, Baywa, K+S, Bayer, iShares Agribusiness (WKN: A1JKQK), Corteva, DWS Agribusiness (WKN: DWS0BU), Nutrien, CF Industries, Tyson Foods, AGCO, VW, Northrop Grumman, Kubota, FMC, Beyond Meat, Oddity, Mattel und Aston Martin. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Kick-off Politik - Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

The Vaccine and Infectious Disease Organization, on the campus of the University of Saskatchewan, has completed the construction and commissioning of its new on-site pilot scale vaccine manufacturing facility. VIDO Director and CEO Dr. Volker Gerdts says it's one of the most versatile vaccine manufacturing facilities in the world. He explains having access to inhouse manufacturing will speed up the development and testing of new vaccines. AND A global leader in agricultural origination and processing and supply chain management, has purchased a pulse crop cleaning, milling, and packaging facility in Saskatchewan. With the acquisition of Prairie Pulse, Archer Daniels Midland or ADM will double the company's processing in the region. Aaron Brown is ADM's Western Canada Commercial Manager. He'll tell us about the how the pulse dehulling and splitting facility transforms lentils, chickpeas, and peas into shelf- and food-ready products for domestic and international consumption.See omnystudio.com/listener for privacy information.

Today's episode starts with a clip from the trailer for 2009 comedy/drama “The Informant!,” directed by Steven Soderbergh and starring Matt Damon, Scott Bakula, Joel McHale, and Melanie Lynskey. It's a wild based-on-a-true-story film about Mark Whitacre. In the early-1990s, Whitacre was the corporate vice president and President of the BioProducts Division of the agro-business giant Archer Daniels Midland. Whitacre would go on to become an informant in the FBI investigation into a conspiracy to price-fix lysine, an essential amino acid. At the same time he was informing on his employer to the FBI, Whitacre was embezzling $9 million from ADM in a kickbacks and money laundering scheme. It all came to an end a few years later when ADM settled federal charges for more than $100 million and paid hundreds of millions of dollars more to plaintiffs and customers to settle class-action lawsuits. In 1998, Whitacre pled guilty to tax evasion and fraud and was sentenced to nine years in prison.But what marked the end of this tumultuous period in Mark Whitacre's life also marked the beginning of his journey to his Christian faith, redemption, and a series of second chances.Today, Eric Kohn talks with Mark Whitacre about his time as a corporate executive, his time as an FBI informant, his time in federal prison, and how all of this brought him to his Christian faith that he now integrates into his corporate work.Subscribe to our podcastsThe Informant! TrailerMarkWhitacre.com Hosted on Acast. See acast.com/privacy for more information.

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Lena Zimmermann und Laurin Meyer über zunehmende Rezessionssorgen, gebrochene Flügel bei Siemens Energy und den Pride-Frust der Starbucks-Mitarbeiter. Außerdem geht es um SMA Solar, Commerzbank, Sberbank, Lukoil, Yandex, Gazprom, Bayer, Archer Daniels Midland, FMC, Corteva Agriscience, Deere, Bioceres Crop Solutions, iShares Agribusiness (WKN: A1JKQK), Endeavor, WWE. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

What are the biggest obstacles to successful change initiatives?Amanda Schmoldt has the expertise and experience that only comes from successfully leading change management initiatives at some of the most respected brands in the world like USAA and Neiman Marcus. Not only is she the President of the Association of Change Management Professionals, but she's also the Senior Director of Change and Transformation Enablement at Halo Branded Solutions. Customer Experience Management (CXM) and Change Management (CM) are kindred spirits and have a lot in common.We explore the intersection of both professions as well as some other practical advice for leaders such as:

Progress on the Green Bison Soy Processing Plant, a joint venture between Archer Daniels Midland and Marathon Petroleum Corporation, continues in Spiritwood, North Dakota. In this episode of Fueling Conversations, Green Bison Soy Processing President Mike Keller discusses how the $352 million project will feature state-of-the-art technology to process up to 150,000 bushels of local soybeans a day. The facility will produce soybean meal as well as refined soybean oil for renewable diesel.For more information visit www.cleanfuels.org/. For Green Bison Soy Processing call 800-475-4291 or email GBSP@greenbisonsoyprocessing.com.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Within a week of breaking the story, the press learned that the FBI came to Chicago's exchanges partly in response to a complaint from a powerful agricultural company called Archer Daniels Midland. While that remains the popular narrative, Anjay's sources convince him that the government has managed for decades to keep something about this case secret—but what, exactly? In this episode, we learn about the government's attempts to get T-Bun and Ray Pace to cooperate with the investigation, and Anjay gets in touch with the guy who did. Notes: You can find episode transcripts and more on our website at https://www.entropymedia.art/brokers-bagmen-moles. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this video, we'll perform an ADM stock analysis and figure out what the company looks like based on the numbers. We'll also try to figure out what a reasonable fair value is for Archer-Daniels-Midland Company. And answer is ADM one of the best dividend aristocrat stocks to buy at the current price? And is Archer-Daniels-Midland a future Dividend King? Find out in the video above! Global Value's Archer-Daniels-Midland Company stock analysis. Check out Seeking Alpha Premium and score an annual plan for just $119 - that's 50% off! Plus all funds from affiliate referrals go directly towards supporting the channel! Affiliate link - https://www.sahg6dtr.com/H4BHRJ/R74QP/ If you'd like to try Sharesight, please use my referral link to support the channel! https://www.sharesight.com/globalvalue (remember you get 4 months free if you sign up for an annual subscription!) Archer-Daniels-Midland Company ($ADM) | Archer-Daniels-Midland Company Stock Value Analysis | Archer-Daniels-Midland Company Stock Dividend Analysis | AD Dividend Analysis | $ADM Dividend Analysis | Archer-Daniels-Midland Company Intrinsic Value | ADM Intrinsic Value | $ADM Intrinsic Value | Archer-Daniels-Midland Intrinsic Value | Archer-Daniels-Midland Company Discounted Cash Flow Model | Archer-Daniels-Midland Company DCF Analysis | ADM Discounted Cash Flow Analysis | ADM DCF Model (Recorded October 5, 2022) ❖ MUSIC ❖ ♪ "Lift" Artist: Andy Hu License: Creative Commons Attribution 3.0. ➢ http://creativecommons.org/licenses/b... ➢ https://www.youtube.com/watch?v=sQCuf...

According to one source, between 1995 and 1999, almost all of the Sunday public affairs talk shows, including Meet the Press, Face the Nation, and This Week, avoided discussing corporate scandals. The issue came after agribusiness firm Archer Daniels Midland, for years a major sponsor of these shows, found itself in some hot water.

Few people's life stories are as spectacular as Mark Whitacre's to merit a Hollywood movie and a Discovery Channel documentary. With a cinematic landscape characterized by excesses of wealth, power, and corporate greed, and a thrilling fall and redemption arc, it's hard not to be enthralled. Today, Mark joins us to tell his remarkable story. In this first episode of a two-part interview, we'll hear how God radically intervened in his life,  from a university student who rejected faith to becoming an ultra-successful corporate executive and eventually getting caught up in a massive price-fixing case and becoming the highest-level corporate executive in U.S. history to become an FBI whistleblower. Listen as he reflects on his journey to the top of the biotech industry, his rise at ADM, Archer-Daniels-Midland achieving opulent material wealth and success to his downfall as we end this episode with Mark preparing to serve his eight-and-a-half year prison sentence. Key Points From This Episode: Mark shares snapshots of his personal background and life story, the cinematic, thrilling parts of it were turned into a movie, “The Informant!”Mark grew up attending church with his parents but becomes an atheist as he pursued his Ph.D. in biochemistry and entered the biotech industry abetted by the belief that a scientist cannot believe in God.At 32, Mark becomes division president and corporate vice president at ADM, Archer-Daniels-Midland, a $70 billion Fortune 500 company, makes seven figures annually, gets his own private jet, and buys the former CEO's mansion. Mark's wife, Ginger, becomes a Christian, and takes care of their 3 kids but longs to live a simpler life as a good steward for God. After two years at ADM, Mark was let in on the company's illegal activity – an international price-fixing cartel on food additives and becomes involved.Upset that Mark has become involved in fraud, Ginger pressures Mark to turn himself in and report the crime to the FBI.In exchange for immunity, Mark agrees to become a cooperating witness for the FBI, acts as an informant, and wears a wire for three years from 1992 to 1995 to monitor the meetings of the cartel.The case of one of the largest international cartels in history was prosecuted.Mark experiences intense stress and fear for his and his family's life while acting as an FBI informant.While an FBI informant, Mark embezzles millions of dollars from his company, loses his legal immunity, is offered a six-month plea agreement, refuses it, and fights his case in court.Mark loses his legal battle and prepares to go to prison for eight and a half years.Tweetables:“Greed blinds you.” “I couldn't understand how she was always so content with what she had. What I wanted was more and more.”“Prison is going to be the beginning of your life. And you're going to find your true purpose in life with the journey you're ready to start.”Links Mentioned in Today's Episode:Mark Whitacre websiteThe Kingdom Investor Podcast on LinkedIn About Mark WhitacreMark Whitacre is the highest-level executive to ever turn whistleblower in U.S. history. His undercover work with the FBI during the Archer Daniels Midland (ADM) scandal was the inspiration for the major motion picture, "The Informant," starring Matt Damon as Mark Whitacre and was the inspiration for the Discovery Channel Documentary, titled "Undercover". Drawing from his unique history, Mark provides one-of-a-kind insight into corporate ethics, corporate greed, and the warning signs of flawed corporate leadership.

An der Wall Street konnten sich die Kurse im Handelsverlauf deutlich stabilisieren. Insgesamt präsentierten sich die Märkte aber auch zur Wochenmitte orientierungslos.Die Aktien im asiatisch-pazifischen Raum legten am Donnerstag überwiegend zu, da die Anleger eine Reihe von Wirtschaftsdaten verdauten.Heute erwarten wir aus den USA die Auftragseingänge langlebiger Güter, das Bruttoinlandsprodukt und Nicht militärische Investitionsgüter Aufträge ohne Flugzeuge. Aus Deutschland werden keine wichtigen Wirtschaftsdaten erwartet.Geschäftszahlen kommen heute von Alaska Air Group, American Airlines,  Archer Daniels Midland, Arthur J. Gallagher & Co., Banco de Sabadell, Christian Dior, Comcast Corp., Diageo, Dow, Eastman Chemical Company, Essity, Fuji Electric, Harris, Intel, KLA Tencor, Kone, KPS, LVMH, Marsh & McLennan, MasterCard, Matsui Securities, MCCormick, MeVis, Nitto Dokia, Northrop Grumnman, Nucor, NVR, Petroleum, ResMed, Robert Half, Rockwell Automation, SAP, Sartorius, SGS, Sherwin-Williams, Southwest Airlines, Visa, Volvo und Xcel Energy.Die Futures bewegen sich im grünen Bereich Der Dax ist 0,34 % im Plus. Der Dow Jones ist 0,13 % im Plus und der S&P 500 ist 0,3 % im Plus. Der Technologielastige Nasdaq ist 0,61 % im Plus.Support the show

Today's podcast is part of a series on food waste. When farmers produce more of a product than people are willing to buy, or when the demand for a product falls unexpectedly, food is wasted. What role do agricultural policies and politics play in creating and perpetuating cycles of supply challenges? Our guest today is Dr. Garrett Graddy-Lovelace of American University. Garrett is an agricultural policy expert and she studies the problem of food gluts through the lens of social sciences, international affairs, history and analysis of USDA data. Interview Summary   This podcast is co-sponsored by the Recipes Food Waste Research Network led by American University and funded by the National Science Foundation.   Norbert: Garrett, from your perspective, why do you think a historical policy analysis is useful in discussions of contemporary issues of food waste and loss?   It's a crucial question. The current situation of wasted food is uniquely contemporary and it's unprecedented, but its root causes have long roots. On one hand, there's a complicated but telling geography kind of spatial aspect to the wasted food fiasco we're in. We have vast global supply chains with pinch points of precarity. There are so few processors to butcher and process such vast quantities of meat. So few mega ports for all of these millions of shipping containers. So few companies owning all these markets and so few grain storage facilities for these mountains of corn and soy. So it's a spatial situation. But, it is also a historical situation. There are conditions and incentives driving commodity crop production and overproduction right now that have deep roots in US history, in global history, even in colonial history. So historical perspectives are crucial to help tell the why and the how. The current situation in configuration might seem natural or inevitable, but unpacking how we got here helps us understand, dismantle and reconfigure the policies, political economies and paradigms that got us in to this mess.   Brenna: Those are really interesting perspectives, Garrett, and I'm looking forward to hearing more. So since we are on the topic of policy now, how do you think Ag policy and particularly the Farm Bill has shaped or created food waste?   Good question. So the broader World Trade Organization began in the mid '90s and it's an extension of the general agreement on tariffs and trades, which was the Bretton Woods's Post World War II, World War I set of international governance paradigms. It really liberalized agricultural trade and arguably neoliberalized it. And so it set in motion a whole situation that we're in now which deregulated national and federal government policies around supply coordination, supply management. So from the mid '90s on, you've got a set of policies around the world that really opened up trade. But, it also opened up the incentives to compete with each other around the world. So farmers were competing with each other in this arguably race to the bottom of farm gate prices, which incentivized cycles of overproduction that we're in now. The policy shifts that happened domestically, and all of these countries around the world, emerged from the paradigms of the mid '90s. The WTO and the broader focused on moving enormous quantities of commodity crops around the world in a comparative advantage model. But it ended up creating enormous quantities of food circulating around the world that then is very conducive to supply chain gluts and to pinch points where there are blocks and a precarity that we're in now.   Norbert: Thank you for that. I would love for you to point out one particular historical policy that you think is critical for us to understand this.   The elimination of export subsidies was crucial and many of the intentions behind what ended up becoming the WTO were actually about decreasing dumping. So the anti-dumping measures are so crucial as a broader paradigm and a governance goal. But as you know better than others as Ag economists, the loopholes allowed for some countries like the US to continue overproducing a certain commodity crop and then offshoring it through complicated ways that were not explicit subsidization of exports. So the ending of export subsidies is a universal good, but it did not end the broader problem. And obviously, this is a exceptionally complicated topic, but the broader question of policy needs to be contextualized within political economy. So there's a set of political economies at work that we're in now, which gives inordinate power to private industry in terms of input suppliers and in terms of commodity crop purchasers. As a result, the situation we're in now is that you have a handful of firms who are price setters and they can really decide the price of inputs and the farm gate price of various commodity crops. And the broader configuration is that farmers are squeezed around the world with expectations and incentives of expensive input purchases, annually purchased inputs, and then farm gate prices that don't cover the cost of the production. So that's a political economic situation. The question is what's the role of policy? I think what's interesting for me and for Norbert and for others in our research team is that there's a long history of policies, governmental policies particularly in the United States, that have attempted to protect farmers from this squeeze. This treadmill of buying more inputs and trying to sell more and growing more to cover the cost of what they've invested in that particular season. And, it lends itself to overproduction unless there's a way to mitigate that kind of treadmill cycle of overproduction. So, the policies that we're interested in began in the 1920s and the 1930s which we'll talk about with the Agricultural Adjustment Act. They really were ended in the WTO in a convoluted way in the attempt to end trade distortions. There was a way in which the corporate interests or the private firms gained even more power and say in the broader trade and agricultural economics and practices around the world. I think the WTO is so fascinating because the intentions behind it are truly important. And many of the measures like the anti-dumping and the ending of subsidized, explicitly subsidized exports which are so deleterious, so destructive to local farm economies around the world were mitigated, but the loopholes have grown. And actually the disparity between kind of corporate interests and the private firms and farmers themselves, small and medium-sized farmers has grown even more egregious. So, the role of policy in that I think is what we're analyzing today.   Norbert: Garrett, you've done archival work looking at agricultural policy from the Agricultural Adjustment Act, the original Farm Bill legislation from 1933. What has inspired you to see food waste and loss as a critical issue?   It's a great question. The Farm Bill in its current iteration enables and exacerbates wasted food. But it would be, I think, reductive to say it causes it and stop the analysis there. So, this kind of takes some historical analysis. We're going to go back to the archives, but before we do, we kind of think about the 20th century. Over the course of the 20th century, the Farm Bill has become a behemoth mechanism for disposing of surplus commodity crop production. So if you think about Title I, Commodity, and Title II, Conservation, those actually have at their origin - the beating heart of the Farm Bill - an attempt to prevent another great depression economically, that's a commodity title, and another Dust Bowl. That is the environmental impacts of overproduction, Title II, conservation. So there was a supply management coordination attempt to end overproduction and end the price fallout of overproduction woven into the heart of Title I and Title II. Once you get to Title III which is Trade, and you go back to the archives, the justification for Title III was move this surplus. We've got to get rid of this growing pile of surplus. The Commodity Crop Corporation, the broader CCC arm of the government is trying to mitigate overproduction by buying the surplus and getting it off the backs of the farmers. But then it had a huge kind of glut. So trade was a matter of offshoring and offsetting the food aid and the food trade in the 1950s and the 1960s. And then frankly, Title IV nutrition, which has all of these noble crucial intentions of feeding the people actually is a surplus disposal mechanism as well when you look back at the archives. And even Title IX which is Energy, has a surplus disposal mechanism of corn in moving it into bioethanol. So the Farm Bill has kind of hidden overproduction through these surplus disposal mechanisms and not been able to prevent it. And then of course, we get into where we are now where why doesn't the research title fund investigations into wasted food interventions? Why aren't there discussion of composting systems or ecological biodigesters to divert methane from landfills in the research title? So right now, it's more what the Farm Bill doesn't do. It doesn't curtail excessive monopolies in the agrifood sector. It ends up subsidizing them. It doesn't provide nearly enough for regional adaptive supply chains or markets which are much more adaptive to shocks in the system like Ukraine or climate change. So the Farm Bill doesn't do what it needs to do, but it's not the root cause of wasted food.   Brenna: Those are really interesting points that I think many of us at least from an agricultural economist perspective don't necessarily talk about in that way. One thing I wanted to follow up is you mentioned the current Farm Bill doesn't really do much to address food waste. I think the most recent Farm Bill did establish the food waste and loss liaison to try to kickstart some food waste reduction initiatives. So I'm curious just to get your thoughts, would you say that that effort is not nearly enough?   Yes, it's such a good question. So the Miscellaneous Title is the best thing happening in the Farm Bill. All the farmers know and the practitioners and the activists and the scholars. And so, there's an optimistic way you could look at this and say there are such innovative, broadly far-reaching exciting pilot programs tucked into the Miscellaneous Title or even into the Horticultural Title around farmer's markets, around racial justice, around food waste prevention, wasted food prevention. But on a macro level, it's tucked into the Miscellaneous Title, oftentimes with discretionary funding, not mandatory, so you have to fight for it each five years. And the appropriations get divvied out, so it's not rock solid in terms of mandatory appropriations. And so there are wonderful pilot programs that began in the 2018 Farm Bill, frankly, directly because of scholars and activists and civil society clamoring for it. But on the macro level, the bulk of the Farm Bill itself is status quo in terms of commodity crop overproduction when you really kind of see where it's going and it's largely going to ethanol or to concentrated animal feeding operations, CAFOs, or to highly processed additives for foods that aren't nourishing. So yes, it's exciting that there are these micro provisions and there's these pilot programs that are so exciting tucked away into the Miscellaneous Title, but arguably the scale of the problem that we're in now demands a much more transformational approach to the Farm Bill.   Brenna: Thank you so much for weighing in on that. I was excited to hear your thoughts.   Norbert: Garrett, I know that you are committed to social justice, especially around food and agriculture. What is the social equity lens to food waste and loss that you think is important for people to consider?   Thank you for that. So wasted food is a tragedy of squandered farm work, top soil, water, energy, shipping containers, and single-use plastic wrapping. All of the labor, all of the time going into food that ends up becoming methane and egregious climate greenhouse gas. And so I think when we look at this situation, there's an issue of wasted resources, but there's also the injustice of the people who are doing much of the work along that supply chain to get that food to people's table themselves can't afford food. So the inequity, the acute injustice of food insecurity next to and even within the system of wasted food is a disaster. But, it's also defining of a failure of governance and a failure of our research institutions. There are so many smart people in the US, so many expensive labs, so many great research infrastructures and networks. Surely there's a way to coordinate these smart minds into analysis and interventions that prevent wasted food and that move agricultural production to where it needs to go, to hungry mouths and to people's plates and to remunerate food producers fairly for their harvests. So the urgency of wasted food has become one of the defining parts of my research and my teaching in my scholarship. In terms of the history of this, I was fascinated with how surplus is not used as a term. This is something that Norbert and I are researching. Ag economists and Ag policy experts don't use the words overproduction or glut or surplus these days. But if you go back into the archives, it is such a ubiquitous problem that in the archives, it's called the Farm Problem. It's actually just called the Farm Problem and it's the problem of overproduction. And so, a little bit of history here, World War I, there was a whole incentive structure by the US government to feed the allies over in Europe and win the war through wheat production. So all of these farmers in Europe and throughout the Middle East who were part of World War I were in the trenches. They needed wheat. So, the US ramped up wheat production. It actually incentivized farmers to go out into the prairies and dig up those deep-rooted prairie grasses and plant wheat, single season wheat. And prices were good. And so, what do farmers do when prices are good? They grow more. And so, there was more and more production in 1914, 1915, 1916. Then the survivors of World War I crawled out of the trenches, went back to their farms and grew their own wheat. Then there was too much wheat on the global market and prices started to go down. What do farmers do when prices go down? They grow more. So all of a sudden, US farmers were madly ripping up prairie grasses, deep rooted prairie grass, planting more wheat. There was so much wheat on the global market in 1918 that it crashed the prices. There was an agrarian economic crisis in the US in 1919 and 1920, and farmers went to DC and said, "Please help us end this cycle of overproduction. We're competing with ourselves, with each other, our neighbors, and it's suicidal." And so that began the broader political movement to have supply management with the price floor for farmer viability and a way to not overproduce and destroy the soil, which is what led to the Dust Bowl. By the time you get to the Agricultural Adjustment Act of 1933, you've got a whole system of supply management which was in place. It was dysfunctional. It was not perfect. It largely helped White male farmers and it had some other issues to excluding tenant farmers who were largely Black farmers in the deep south, but as a principle to stave off the ravages of just kind of capitalism unfettered in agriculture, it was important to think about as a precedent. And so, cut to 1940s, 1950s, 1960s, by the 1970s, it's really eroded the supply management and by the 1980s, 1990s, it's gone. By the 1996 Farm Bill, there's hardly any supply management or price floors left. I think what's interesting for us is that there's a powerful precedent from a governance perspective of ways to mitigate cycles of overproduction. Now we're in a situation where there's not only no mechanisms from a policy perspective to mitigate overproduction, it's enabled and totally forgotten. There's really an amnesia about these parody policies, these price floors, these supply managements, these non-recourse loans, these quotas, which again, were not perfect, but they were an honest recognition that you have to have some protection. Otherwise, the corporate buyers and the broader political economy will just drive down the farm gate price and the farmers individually will just overproduce to try to get out and exacerbate the problem. I think looking at the historical origin of the Farm Bill helps us have clues as to how we could update it. How we could expand it. How we could make it more fair for a broader diversity of farmers. How it could apply to much more diverse crops than just these eight commodity crops, these kind of handful of commodity crops that it was designed for. So how could parody pricing and supply management be updated for ecological production, nourishing food production for a whole new generation of BIPOC farmers? I think we're thinking about that history as inspiration for agricultural policies moving forward that coordinate supply and demand more wisely frankly.   Brenna: Those are really interesting perspectives. I had no idea about the Farm Problem language use and I'm really curious to hear more about what you and Norbert are doing and look forward to seeing those results in the future. I was wondering if you could tell us a little bit more about what food waste and loss looks like from an international perspective and what are some of the policies abroad or globally that you think contribute to the wasted food that we see today?   It's a great question, Brenna. I'll preface by saying there are myriad international perspectives. So I certainly don't want to presume to speak on behalf of these international perspectives, but I'll also say that one cannot address this issue from a national perspective alone. One never could, but particularly now because the US agricultural policies and practices and the actual food stuffs and the climate emissions are deeply connected to those around the world and vice versa. There's a dominant political economy that is really impacting farmers and fishers around the world. It's really fascinating that the millions of different agricultural, aqua agricultural food systems around the world are now related to each other through price setting that is globalized and through supply chain pressures. Even at this point, Ag extension and national governments are all working very closely with or for a few set of agro-corporate firms. There is this incredible interconnectedness and interconnectedness sounds great, but in this context, it is an interconnectedness to a set of private industries - Cargill, Archer-Daniels-Midland, Walmart, PepsiCo, Monsanto, Bayer - input suppliers and corporate buyers. They have inordinate influence on national governments and agricultural extensions and ministries of Ag around the world. And philanthropy - the Bill and Melinda Gates Foundation - which is technically a philanthropic organization, but has deep ties to private industry from the standpoint of Microsoft data and agricultural data. Which is, frankly, as farmers say around the world, "my data is worth more than my product." There's an enormous political economy of agricultural data at work right now. So there is an interconnectedness around the world that we need to analyze.   There's also a set of political economies and paradigms around the world that are very powerful. A model of development that is so pervasive around the world is that there is, underdeveloped or developed, there is a paradigm or an expectation that farmers around the world will want to and need to industrialize their respective farms. And that expectation, that model or that paradigm demeans or denigrates a whole set of agricultures around the world that are small scale and that are low input and that are biodiverse and that are not export oriented. That are oriented toward feeding local farmer's markets or local village markets or local families or networks. So there's a systemic devaluation of farming practices that are oriented toward local or regional production that have agro-biodiversity at their heart, that have semi-subsistence or low input agricultural models at their heart. A systemic glorification of very high input, intensive export-oriented commodity crop monocultural overproduction. So that paradigm makes its way into Ag extension agents, makes its way into philanthropic donations, makes its way into agricultural aid, agricultural development funding. And that paradigm is global. Every village around the world is either internalizing the inferiority of their small-scale production and their biodiverse production or resisting it, frankly. There's a whole global movement that's resisting that paradigm and says actually a climate-resilient future would need to have agroecological production grounded in Indigenous and African diaspora foodways. A lot of culturally-specific, place-based agrarian knowledge, which is not necessarily export-oriented though it could be, but is more geared toward feeding or nourishing local villages or communities or networks. There is a whole global movement of farmers and farm coalitions that say why denigrate that as underdeveloped? Why not celebrate that as actually the future of climate-resilient, climate-just agroecological production.   Brenna: Garrett, I know that you are committed to social justice, especially around food and agriculture. So what is the social equity lens to food waste and loss that you think is really important for people to consider?   So thank you for that. I'll say the first one is that there is food insecurity. There's hunger in the system that's producing wasted food and that, as I've said before, is a tragedy and an injustice and a failure of research and governance to think through how we can prevent that. And, how we can move nourishing food to people who need it and while remunerating the farmers and the food providers and the fishers for the beautiful work of feeding people. So that's the most acute level. But I also want to say, getting back to history, I know that's one of the themes of today, looking at histories of policies are so important. The archives have so much to teach us. But also elders and farmer elders around the world have so much to teach us. So oral history is a methodology that I love and I respect and I use and particularly Indigenous and African diaspora and immigrant elders in the US who have such knowledge of agrarian practices, of agroecological production, of seed saving, of foodways, of nourishing foodways, of climate-resilient foodways. Those sets of knowledges have been frankly systematically devalued by academia - by my institutions - as underdeveloped or as passe or as irrelevant. But in fact, as climate crisis encroaches, those knowledges of how to forage in the forest, how to grow nourishing gardens, how to grow agrobiodiverse farms, how to raise livestock breeds, heritage breeds, these knowledges that have been devalued frankly along gender and class and racial lines need to be celebrated. There's an epistemic inequity at work in our current situation where the real knowledges of how to grow nourishing food and provide nourishing food have been devalued when right now we need those knowledges more than ever. So there's a whole reevaluation and reclamation of agrarian place-based agroecological knowledge that I think will help us, not just prevent wasted food and really re-localize and re-regionalize supply chains and markets and economies and ecologies, but also help us provide nourishing food for communities in a climate-resilient and climate-just way.   Bio:   Garrett Graddy-Lovelace researches and teaches agricultural policy and agrarian politics. A critical geographer, she draws upon political ecology and decolonial studies to research agricultural biodiversity conservation, agrarian cooperatives, land use decisions, and domestic and global impacts of US farm policies. This includes community-based research-action with grassroots groups on the Farm Bill (see disparitytoparity.org project). Her forthcoming book, The Power of Seeds & Politics of Agricultural Biodiversity, is with M.I.T. Press. She is co-PI for a SESYNC-NSF Pursuit, entitled "Diverse Pathways to Nourishment: Understanding How Agricultural Biodiversity Enhances Food Security, Sovereignty and Nutrition" and Senior Personnel for AU's $15M NSF RECIPES grant on Wasted Food. She was awarded the inaugural Provost Associate Professor title, the 2022 School of International Scholar-Teacher of the Year Award, and the SIS Excellence in PhD Mentoring Award. Graddy-Lovelace co-founded and co-leads School of International Service's Ethnographies of Empire Research Cluster, and the nation-wide Agroecology Research-Action Collective. She is a Faculty Affiliate for AU's Antiracist Research & Policy Center and Associate Director for the new Center for Environment, Community & Equity. Additionally, she works on and for open knowledge and Indigenous data sovereignty.

Consultorio bursátil de noviembre de 2022 en el que Adrián Godás y Paco Lodeiro respondemos a las preguntas de los oyentes. Las preguntas generales de este mes son sobre splits y contrasplits en opciones, libros sobre renta fija, ofertas en la Formación Avanzada de Academia de Inversión, herramientas de seguimiento de cartera, intereses minoritarios en la contabilidad y planes de pensiones. Las dudas sobre empresas y sectores son sobre Meta Platforms, Osino Resources, Coca-Cola Içeçek, Ericsson y Squadcast, Pitney Bowes y TMC, McDonalds y su patrimonio neto negativo, Merk y Archer Daniels Midland y finalmente sobre West African Resources.

There is a lot to learn about Hemp Seed Oil (HSO).  The main reason why I wanted to cover it was that there is a lot of misinformation about the product. It is not hard to find hemp in food products.  It is dang easy to find claims or promises of calm or relaxation.   People that have an anxiety condition are prime suckers for dark side entrepreneurs. Ignorance helps them to take advantage and money. Or worse, place your health at risk.   If you know the core basics, you might still be anxious but you will be an informed consumer. To summarize:   The oil is legal on the federal level, provided the seeds and the resultant product contains less than 0.3% THC or psych-active properties.   Those states with legalized hemp and marijuana laws permit the sale of this product. Other states do not and it will be up to you to know the difference.   Hemp Seed Oil is good for a lot of things:   There is some nutritional value Can be used for cold food recipes like salad dressings and other foods Good for the hair, skin and nails   What it is not good for is treatment for anxiety symptoms. It does not have the properties to relax you or help you control your symptoms.   So yeah, unless you or someone you know is operating under the power of the placebo. it isn't going to do much for you.   However, in this episode, I talk about safe ways to obtain the product and pay a fair price. They are very similar to buying CBD oil.  If you need support contact the National Suicide Prevention Lifeline at 988 or 1-800-273-8255, the Trevor Project at 1-866-488-7386 or text “START” to 741-741. Resources Mentioned:  The U.S. Food Data Central Database has a branded search feature helps you to find products with hemp in them in the U.S. and NZ. It is one of the ways I found out about some of the U.S. oil vendors.   U.S. Food and Drug Administration wants you to understand what it means when you see something that states it is FDA approved. They have an FAQ page. I'm not linking to these vendors. They are for example purposes only.  I do want to show examples of vendors that can be found in brick and mortar stores, direct to vendor websites or at third party vendor websites.   Manitoba Harvest Organic Hemp Seed Oil, has a website for both U.S. and Canadian customers. The company has both hemp and CBD products and shipping to all states for the oil. They have recipes and information about the product. Nutiva also has a website, but you won't find HSO under oils but under seeds. Has a store locator which might help you find it locally and the do have shipping. Foods Alive's website also has a store locator and shipping. Knwble Grwn Pure Hemp Seed Oil - this is a company or subsidiary that belong to multinational food corporation ADM aka The Archer-Daniels-Midland corporation. You cannot purchase from the site but you can see an example of when cannabis becomes legal they will be in the game. Disclaimer:  Links to other sites are provided for information purposes only and do not constitute endorsements.  Always seek the advice of a qualified health provider with questions you may have regarding a medical or mental health disorder. This blog and podcast is intended for informational and educational purposes only. Nothing in this program is intended to be a substitute for professional psychological, psychiatric or medical advice, diagnosis, or treatment.

It makes my blood boil. Since March I've been screaming about the Fed's total misreading of inflation — believing it's being caused by workers getting wage hikes, when the real cause is powerful corporations raising prices higher than their costs. I'm not so grandiose as to think my screams would have any direct influence on the Fed. My hope was that my argument and data might be picked up by a few voices in the media, which would lead some Democrats in Congress to pick up on it, and that maybe they'd put some pressure on the Fed — such as asking Fed chief Jerome Powell to respond to those arguments when he next testifies. It's not happened yet. Yesterday Powell and the Fed raised interest rates again — another three-quarters of a percent — bringing the official rate from near zero in March to over 3 percent now. Insane. Well, now I get a chance to tell Congress why this is insane. The House Oversight Committee's subcommittee on economic and consumer policy holds a hearing this morning and has asked me to testify. (Thankfully, they're allowing me to do it remotely from my home here in California, although the timing isn't ideal — the hearing starts 9 am Eastern Time, which is 6 am here — and because I'm the lead-off witness they want me to check in remotely at 5:45 am. I'll have to drink plenty of coffee.)When you testify before Congress, you get 5 minutes to summarize your views. You submit your detailed testimony, which is read by the committee's staff, who then give members of Congress questions to ask you based on the submitted testimony (the Democratic staff's questions are usually quite different from Republican staff's). Those questions, hopefully, allow you to get into the details. My aim is to state as clearly as possible that the underlying problem is not wage-price inflation. It's profit-price inflation. And the Fed's continuing rate hikes will hurt average workers by slowing the economy — making it harder for workers to get wage increases and causing many to lose their jobs. I'm going to suggest that Congress consider ways to control inflation that limit corporate profits rather than jobs and wages — such as a windfall profits tax, tougher antitrust enforcement, and even temporary price controls. Will Congress do any of this? Here again, I'm not so full of myself as to think I can sway a single member of Congress, let alone Congress as a whole. But in my experience, policy ideas that are useful and timely often find their way into politics — eventually displacing old ones that are no longer useful and may be damaging. At least that's my hope with “profit-price” inflation replacing the anachronistic “wage-price” inflation.I'm going to add my testimony to this post right after I testify this morning — and fill you in on what happened. ***The hearing was just adjourned. The good news is that the Democrats on the committee got it. They understood that big corporations raising their prices in excess of their costs — to score record profits — is a major reason for the inflation we're now experiencing. And workers are paying for those record profits in two ways — real wage losses (wage gains have been more than offset by price increases, making most workers worse off) and by the higher prices themselves (the result of corporations increasing their profit margins). I was particularly impressed by the chairman of the subcommittee, Representative Raja Krishnamoorthi (from the 8th district of Illinois), who understood the issues and expressed them cogently, and by Cori Bush (from the 1st district of Missouri), who asked terrific questions. Katie Porter did a fabulous job breaking the issue down. There was less discussion of remedies than I'd hoped — only passing reference to tougher antitrust enforcement and no real discussion of a windfall profits tax — and no criticism of the Fed (other than in my remarks and testimony). Not surprisingly, the Republicans on the committee were obstreperous and wildly partisan. All they did was try to blame inflation on the American Rescue Plan, Biden, and the Democrats. They repeatedly quoted Larry Summers's misleading claim that pandemic spending fueled inflation (even at one point asking me if I served with him in the Clinton administration, without giving me the chance to rebut him). They asked the Republican witness, Tyler Goodspeed (briefly chair of Trump's Council of Economic Advisors), to confirm their rhetorical questions but didn't ask me a thing. Like much of the rest of our governing processes, congressional hearings have degenerated into partisan posturing and name-calling. I experienced this starting in 1995 when Newt Gingrich became Speaker. For those of you who might be interested, here's the testimony I submitted this morning:***Mr. Chairman and members of the Committee,My name is Robert Reich. I'm the Carmel P. Friesen Professor of Public Policy at the Goldman School of Public Policy, University of California, Berkeley.Last week's consumer price index report shows annual inflation in the United States still roaring at 8.3 percent annually [1] -- the worst breakout of inflation since the 1980s.In response, the Fed has raised interest rates from near zero in March to over 3 percent yesterday, and has signaled it will keep raising rates until inflation is under control.I believe this strategy is a mistake. It assumes the current inflation is being driven by wage hikes and a tight labor market. But the underlying problem is not wage-price inflation. It is profit-price inflation.The Fed's rate hikes are hurting average working Americans whose real wages are already falling. Congress should consider alternative ways to control inflation that focus on corporate profits rather than jobs and wages.1. What's causing the current inflation?Inflation is not being driven by the usual suspects:Don't blame raw materials. The prices of commodities – wheat, natural gas, oil, and metals -- are falling.[2] That's partly because of a global slowdown, particularly in China, that is reducing worldwide demand.Don't blame intermediate goods. Last Wednesday's Bureau of Labor Statistics report on producer prices was fairly encouraging.[3] Even the prices of semiconductors and electronic components are slowing.[4]Don't blame inflationary expectations. Last week's New York Fed survey of inflationary expectations [5] was very positive. Expectations of continuing inflation have declined across the board.And – importantly -- it's not wages.Jerome Powell worries that “the labor market is extremely tight,”[6] and to “an unhealthy level.”[7] Some economists claim that inflation is “grounded in a red hot labor market.”[8]With due respect, this analysis is wrong. Although pay is still climbing, wage hikes have not kept up with inflation. This means most workers' paychecks are shrinking, in terms of purchasing power. So rather than contributing to inflation, wages are reducing inflationary pressures.As the accompanying graph shows, inflation-adjusted earnings have plunged.[9]2. The underlying problem is profit-price inflationWhat's a major reason prices are rising? Corporations are increasing their profit margins.In the second quarter of this year, U.S. companies raked in profits that were the highest on record or close to levels not seen in over half a century. As a share of GDP, U.S. corporate profits in the second quarter rose to 12.25%, their highest levels since 1950. (See graph below)Notably, corporate profit margins – over and above costs – continue to grow. (See chart below.)The labor market is not “unhealthily” tight, as Jerome Powell asserts. Corporations are unhealthily powerful.In a normally competitive market, corporations would keep their prices down to prevent competitors from grabbing away customers. As the White House National Economic Council put it in a December report: “Businesses that face meaningful competition can't [raise profit margins], because they would lose business to a competitor that did not hike its margins.”[10]The underlying problem is that large American corporations have so much market power they can raise profit margins – and prices -- with impunity.Since the 1980s, two-thirds of all American industries have become more concentrated.[11] This concentration gives corporations the power to raise prices because it makes it easy for them to coordinate price increases with the handful of other companies in their same industry, without risking the possibility of losing customers, who have no other choice.For example, Monsanto now sets the prices for most of the nation's seed corn. Wall Street has consolidated into five giant banks. Airlines have merged from 12 carriers in 1980 to four today, which now control 80 percent of domestic seating capacity. The merger of Boeing and McDonnell Douglas has left the US with just one large producer of civilian aircraft — Boeing. Three giant cable companies dominate broadband: Comcast, AT&T and Verizon. A handful of drug companies control the pharmaceutical industry. Two giant firms dominate consumer staples. A handful of national retailers and food outlets dominate local markets. And so on.Such concentration makes it easy for corporations to raise their prices beyond what is required to offset rising input costs. More than half of the companies surveyed by the business services reviews website Digital.com reported raising prices beyond what was required to offset rising costs.[12]As The New York Times pointed out, “corporate executives have spent recent earnings calls [with Wall Street analysts] bragging about their newfound power to raise prices, often predicting that it will last.”[13]3.    Examples from specific sectorsTake a closer look at specific sectors and you'll see profit-price inflation in action:Grocery prices are through the roof largely because just 4 companies – Archer-Daniels-Midland, Bunge, Cargill, and Louis Dreyfus, known collectively as ABCD – control an estimated 70 to 90 percent of the global grain trade,[14] making grain markets are even more concentrated than energy markets. All have raised their prices and gained record profits. Last year was Cargill's most profitable year in its history, with almost $5 billion in net income.[15]At the same time, just 4 companies control up to 85 percent of meat and poultry processing.[16] They too have raised prices above costs. Tyson's net income soared 47 percent, while it spent $700 million in shareholder buybacks.[17]Consumer packaged goods conglomerates -- such as Coca-Cola, Hershey's, PepsiCo, and Mondelez – are also highly concentrated. And they too are raising prices and reporting record earnings.[18] Coca-Cola has credited its increased net operating revenues to price hikes. Procter and Gamble has boasted of the “biggest annual sales increase in 16 years” with its net earnings soaring to $14.7 billion following price hikes on all of its products. It has paid out over $19 billion to shareholders.[19] Shipping conglomerates are expected to top last year's profits by over 73 percent or $256 billion.[20] Here again, it's because they have the power to raise prices. 80 percent of global merchandise is moved through the Big 3 shipping alliances. You can see a similar pattern in freight railroads. Over the last six years, the five largest railroad freight lines have increased their operating margins by over a third.[21]The ten largest U.S. retailers – all enjoying significant market power – have raised consumer prices while collectively reporting $24.6 billion in increased profits during the last two fiscal years. These same companies also ramped up stock buybacks by nearly $45 billion year-over-year for a total of $79.1 billion.[22]Gas prices are finally declining.[23] But they're still high, and major oil companies continued to have enough pricing power to gain a whopping $46 billion in earnings in the second quarter of this year.[24] It would be one thing if these corporations were investing their profits in additional capacity. At least this would reduce future inflationary pressures. But they have been using their profits to buy back their own shares of stock. This may be good for shareholders -- buybacks reduce a company's shares outstanding, raising its profits-per-share -- but it does nothing for the economy.There is a direct historic analogy. At the end of World War II, when the United States attempted to shift back from war production to civilian production, it experienced bottlenecks similar to those caused by the pandemic. Then, as now, consumers had high pent-up demand for all sorts of products and services. Then, as now, large corporations with market power took advantage of limited supplies and soaring demand to increase their prices and enjoy windfall profits. Then, as now, inflation soared.4.   The Fed's rate hikes are aimed at the wrong culprit  The Fed is using the only tool it possesses to fight inflation – interest rate hikes -- to do the one thing it has done in the past to fight inflation – slow the economy so real wages drop and unemployment rises. But when inflation is being driven by corporate pricing power, the major consequence of Fed interest rate hikes is to further depress wages and limit jobs.Rate hikes eventually diminish corporate profits because consumers have less money to spend on goods and services. But by then, average working people will have taken it on the chin.  As the economy cools due to interest rate hikes, they are less likely to get wage increases that keep up with inflation. In consequence, they will fall further behind. As the economy slows and unemployment rises, average working people and the working poor will be the first to be fired and the last to be hired.On August 26, Powell said the Fed must continue to raise interest rates, even though it will “bring some pain” to households.[25]  How much pain? Researchers at the International Monetary fund estimate that unemployment may need to reach 7.5 percent -- double its current level -- to end the country's outbreak of high inflation. This would entail job losses of about 6 million people.[26]Who will bear this pain? Not corporate executives, not Wall Street, not the wealthy and not the upper-middle class. It will be borne by average working people.5.  Better ways to stop profit-price inflationIn fairness to the Fed, it doesn't have the tools it needs to prevent profit-price inflation. The responsibility falls on Congress and the administration to take on corporate pricing power directly through a windfall profits tax, bolder antitrust enforcement, and, if necessary, price controls.Congress and the Biden administration enacted a 1 percent tax on stock buybacks in the recently enacted Inflation Reduction Act, along with a minimum corporate tax. These measures are important, but they don't go far enough. They still leave most of the burden of fighting inflation on average working people and the poor.A windfall profits tax would help. One way to structure it would be to place a temporarily tax on any price increases that exceed the producer price index – that is, the costs of producing consumer goods. Congress could also direct the Federal Trade Commission to investigate whether prices reasonably reflect additional costs or amount to opportunistic price-gouging. The FTC already has the power to carry out such investigations and impose penalties under existing law.[27]Bold antitrust enforcement is essential. Antitrust litigation is complex and time consuming (I directed the policy planning staff at the Federal Trade Commission in the Carter Administration and saw this firsthand). But the credible threat of aggressive antitrust enforcement can deter corporations from raising prices higher than their costs.Congress must appropriate sufficient funds for the Antitrust Division of the Justice Department and the Bureau of Competition of the Federal Trade Commission to enable both agencies to attack excessive corporate concentration, which continues to harm workers and consumers. Price controls should be a backstop. Price controls have many disadvantages, in terms of distorting markets and deterring investment. They worked well in World War II, less well in the 1970s when they were half-baked and badly executed.  But as I've argued, the current inflation is most directly analogous to what occurred immediately after World War II when supplies were still limited, pent-up demand had soared, and corporations were making windfall profits. At that time and under those circumstances, many of America's most distinguished economists argued that price controls on important goods should continue temporarily, in order to buy the time necessary to overcome supply bottlenecks and prevent corporate profiteering.[28] They should be considered now, for the same reasons.ConclusionCongress and the administration have the power to stop corporations from using their market power to raise prices. It is far better that Congress and the administration take direct against this sort of inflation than relying solely on the Federal Reserve to raise interest rates to slow the economy and risk another recession – putting the entire burden on fighting inflation on average working people, who are not responsible for it.[1] https://www.bls.gov/news.release/cpi.nr0.htm[2] https://www.intellinews.com/commodity-prices-fall-across-the-board-as-the-market-adjusts-to-the-sanctions-realities-256384/[3] https://www.bls.gov/news.release/ppi.nr0.htm[4] https://www.theregister.com/2022/07/14/intel_plans_price_hikes_for/[5] https://www.newyorkfed.org/newsevents/news/research/2022/20220912[6] https://www.federalreserve.gov/newsevents/speech/powell20220321a.htm[7] https://www.federalreserve.gov/newsevents/speech/powell2023221.htm[8] https://www.nytimes.com/2022/09/15/business/economy/inflation-markets-economy.html[9] Refinitiv Datastream/ BLS/ BEA. Reuters Graphic E. Burroughs.[10] https://www.whitehouse.gov/briefing-room/blog/2021/12/10/recent-data-show-dominant-meat-processing-companies-are-taking-advantage-of-market-power-to-raise-prices-and-grow-profit-margins/[11] https://hbr.org/2018/03/is-lack-of-competition-strangling-the-u-s-economy[12] https://digital.com/half-of-retail-businesses-using-inflation-to-price-gouge/[13] https://www.nytimes.com/2022/02/27/business/economy/price-increases-inflation.html[14] https://www.theguardian.com/environment/2022/aug/23/record-profits-grain-firms-food-crisis-calls-windfall-tax?CMP=Share_iOSApp_Other[15] https://accountable.us/meatpacking-profiteers-testifying-today-saw-nearly-13b-in-profits-after-racking-up-384m-in-price-fixing-fines-and-settlements/[16] https://accountable.us/meatpacking-profiteers-testifying-today-saw-nearly-13b-in-profits-after-racking-up-384m-in-price-fixing-fines-and-settlements/[17] https://accountable.us/meatpacking-profiteers-testifying-today-saw-nearly-13b-in-profits-after-racking-up-384m-in-price-fixing-fines-and-settlements/[18] https://www.modernretail.co/retailers/citing-inflation-cpg-conglomerates-are-raising-prices-and-earning-record-profits/[19] https://accountable.us/profiteering-watch-procter-gamble-boasts-biggest-annual-sales-increase-in-16-years-after-excessive-price-hikes/[20] https://www.bloomberg.com/news/articles/2022-08-09/container-lines-to-smash-year-old-profit-record-with-73-surge[21] https://www-wired-com.cdn.ampproject.org/c/s/www.wired.com/story/a-us-freight-rail-crisis-threatens-more-supply-chain-chaos/amp[22] https://accountable.us/wp-content/uploads/2022/06/CPI-Retail-Report-Release.pdf[23] https://www.forbes.com/sites/sergeiklebnikov/2022/09/07/oil-prices-hit-seven-month-low-as-recession-fears-weigh-on-demand[24] https://www.nbcnews.com/business/business-news/oil-companies-record-earnings-sky-high-gas-prices-linge-rcna40622[25] https://www.nytimes.com/2022/08/26/business/economy/jerome-powell-inflation.html?smid=nytcore-ios-share&referringSource=articleShare[26] https://www.brookings.edu/bpea-articles/understanding-u-s-inflation-during-the-covid-era/[27] https://www.congress.gov/bill/117th-congress/house-bill/675/text[28] https://timesmachine.nytimes.com/timesmachine/1946/04/09/93087670.html?pageNumber=23 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Vegan mozzarella is coming to pizzerias in the Midwest, and you can thank Illinois-based food giant Archer Daniels Midland. The company is working with startup New Culture to launch the animal-free mozzarella in the U.S. market starting with Midwest pizzerias next […]

Join Mandi Kerr, Morgan Tweet, Courtney Moran, and Erica Stark on Friday morning's episode of Moving ^HEMP Forward. For this morning we'll talk about: Grain & Fiber Hemp Exemption Bill Campaign Goals: Draft legislation and pass a bill creating an exemption for industrial hemp, grain & fiber. Educate lawmakers about the need for exemptions and opportunities with grain & fiber Secure bipartisan support for the exemption framework Unite and mobilize advocates Morgan Tweet is a founding partner and Chief Operating Officer of IND HEMP, an industrial hemp food and fiber processing company in Fort Benton, Montana. Morgan planned, constructed, and commissioned the IND HEMP Oilseed processing plant in early 2020 and manages daily operations. Morgan graduated from the University of Missouri with a BS in Chemical Engineering then worked for Archer Daniels Midland in Decatur, Illinois launching her career in agriculture and food processing. Courtney N. Moran, LL.M., Founding Principal of EARTH Law, LLC and Chief Legislative Strategist for Agricultural Hemp Solutions, LLC is the leading expert on U.S. hemp law championing legal policy for sustainable Cannabis hemp agribusiness development. Courtney worked closely with the offices of Senator Ron Wyden and Senate Majority Leader Mitch McConnell in drafting and negotiating the Hemp Farming Act of 2018 (S. 2667), the language included in the 2018 federal Farm Bill, the Agriculture Improvement Act of 2018, federally legalizing hemp. Erica Stark is the Executive Director of the National Hemp Association for almost 5 years now. Erica is also the Executive Director of the Pennsylvania Hemp Industry Council and serves as the co-chair of the Policy and Regulation Subcommittee of the PA Hemp Steering Committee which is the official advisory council to the PA Dept. of Agriculture. She is a sought-after speaker with years of experience in hemp education and legislative advocacy, including testifying before Congress.

Join Mandi Kerr, Morgan Tweet, Courtney Moran, and Erica Stark on Friday morning's episode of Moving ^HEMP Forward. For this morning we'll talk about: Grain & Fiber Hemp Exemption Bill Campaign Goals: Draft legislation and pass a bill creating an exemption for industrial hemp, grain & fiber. Educate lawmakers about the need for exemptions and opportunities with grain & fiber Secure bipartisan support for the exemption framework Unite and mobilize advocates Morgan Tweet is a founding partner and Chief Operating Officer of IND HEMP, an industrial hemp food and fiber processing company in Fort Benton, Montana. Morgan planned, constructed, and commissioned the IND HEMP Oilseed processing plant in early 2020 and manages daily operations. Morgan graduated from the University of Missouri with a BS in Chemical Engineering then worked for Archer Daniels Midland in Decatur, Illinois launching her career in agriculture and food processing. Courtney N. Moran, LL.M., Founding Principal of EARTH Law, LLC and Chief Legislative Strategist for Agricultural Hemp Solutions, LLC is the leading expert on U.S. hemp law championing legal policy for sustainable Cannabis hemp agribusiness development. Courtney worked closely with the offices of Senator Ron Wyden and Senate Majority Leader Mitch McConnell in drafting and negotiating the Hemp Farming Act of 2018 (S. 2667), the language included in the 2018 federal Farm Bill, the Agriculture Improvement Act of 2018, federally legalizing hemp. Erica Stark is the Executive Director of the National Hemp Association for almost 5 years now. Erica is also the Executive Director of the Pennsylvania Hemp Industry Council and serves as the co-chair of the Policy and Regulation Subcommittee of the PA Hemp Steering Committee which is the official advisory council to the PA Dept. of Agriculture. She is a sought-after speaker with years of experience in hemp education and legislative advocacy, including testifying before Congress.

Hemp feed coalition executive director, Morgan Tweet and North Carolina State University Professor of Equine Nutrition, Dr. Shannon Pratt-Phillips Join to provide updates on the hemp feed coalition and current research on hemp feed for horses. For this morning, we'll talk about: 1. Current efforts to complete the necessary research for a Hemp for Horses application. 2. Dr. Pratt-Phillips current Research Evaluating hemp seed oil for meeting the nutritional and caloric requirements for horses. 3. Current Hemp Feed Coalition Fundraiser. 4. Additional data submitted for the Hemp Seed Meal for Laying Hens application. 5. Recent discoveries about the myriad benefits of hemp for horses. Morgan Tweet is a founding partner and Chief Operating Officer of IND HEMP, an industrial hemp food and fiber processing company in Fort Benton, Montana. Morgan planned, constructed, and commissioned the IND HEMP Oilseed processing plant in early 2020 and manages daily operations. Morgan graduated from the University of Missouri with a BS in Chemical Engineering then worked for Archer Daniels Midland in Decatur, Illinois launching her career in agriculture and food processing. Dr. Shannon Pratt-Phillips is a professor of equine nutrition in the Department of Animal Science at North Carolina State University. Pratt-Phillips received her Bachelor of Science from the University of Guelph in nutritional science. Her Master of Science is from the University of Kentucky and her doctorate is from the University of Guelph, both focused on equine nutrition and exercise physiology. She joined the faculty at NCSU in 2006 where she teaches in the field of equine science and nutrition, both via traditional face-to-face classes and online.

Hemp feed coalition executive director, Morgan Tweet and North Carolina State University Professor of Equine Nutrition, Dr. Shannon Pratt-Phillips Join to provide updates on the hemp feed coalition and current research on hemp feed for horses. For this morning, we'll talk about: 1. Current efforts to complete the necessary research for a Hemp for Horses application. 2. Dr. Pratt-Phillips current Research Evaluating hemp seed oil for meeting the nutritional and caloric requirements for horses. 3. Current Hemp Feed Coalition Fundraiser. 4. Additional data submitted for the Hemp Seed Meal for Laying Hens application. 5. Recent discoveries about the myriad benefits of hemp for horses. Morgan Tweet is a founding partner and Chief Operating Officer of IND HEMP, an industrial hemp food and fiber processing company in Fort Benton, Montana. Morgan planned, constructed, and commissioned the IND HEMP Oilseed processing plant in early 2020 and manages daily operations. Morgan graduated from the University of Missouri with a BS in Chemical Engineering then worked for Archer Daniels Midland in Decatur, Illinois launching her career in agriculture and food processing. Dr. Shannon Pratt-Phillips is a professor of equine nutrition in the Department of Animal Science at North Carolina State University. Pratt-Phillips received her Bachelor of Science from the University of Guelph in nutritional science. Her Master of Science is from the University of Kentucky and her doctorate is from the University of Guelph, both focused on equine nutrition and exercise physiology. She joined the faculty at NCSU in 2006 where she teaches in the field of equine science and nutrition, both via traditional face-to-face classes and online.

DBS Group, OCBC and United Overseas Bank recorded monthly losses for May. Global food and supply shortages make US agriculture commodities trading stocks such as Bunge and Archer Daniels Midland (ADM) attractive. We speak to Kelvin Wong, Analyst, CMC Markets more about this. See omnystudio.com/listener for privacy information.

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Holger Zschäpitz über den Covestro-Schock, Zweifel am Microsoft-Deal und den großen Soja-Profiteur. Außerdem geht es um Apple, Conti, Mercedes, BASF, Bayer, Vestas, Siemens Gamesa, Siemens Energy, Amazon, Activision Blizzard, Berkshire Hathaway, Netflix, Meta, VanEck Global Real Estate (WKN: A1T6SY​​), Deere, Bunge und Archer-Daniels-Midland. Und abstimmen beim Deutschen Podcastpreis könnt ihr hier: https://www.deutscher-podcastpreis.de/podcasts/aaa-alles-auf-aktien/ Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Kick-off Politik - Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++Werbung+++ Hier geht's zur App: Scalable Capital ist der Broker mit Flatrate. Unbegrenzt Aktien traden und alle ETFs kostenlos besparen – für nur 2,99 € im Monat, ohne weitere Kosten. Und jetzt ab aufs Parkett, die Scalable App downloaden und loslegen. Hier geht's zur App: https://bit.ly/3abrHQm Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Zu Wochenbeginn präsentierten sich die US-Indizes gestern im Stabilisierungsmodus. Für den Nasdaq 100 ging es um 1,3 Prozent nach oben. Der Dow Jones verzeichnete ein Plus von 0,7 Prozent.

Zinssorgen bremsen einmal mehr die Entwicklung der Wall Street aus. Für den Dow Jones ging es gestern um 1,2 Prozent abwärts. Die zinssensitiven Technologiewerte gaben noch deutlicher ab. Der Nasdaq 100 verlor 2,3 Prozent.

Den Anlegern bleibt derzeit keine Atempause. Gestern hat sich die Talfahrt an den Börsen dramatisch beschleunigt. Am Abend konnten die US-Aktienmärkte ihre Tagesverluste aber wieder aufholen.Die asiatisch-pazifischen Märkte wurden am Montag gemischt gehandelt, da die Anleger auf die geldpolitische Sitzung der US-Notenbank in dieser Woche vorausblickten.Heute wird der Ifo Geschäftsklimaindex, das wichtigste deutsche Konjunkturbarometer, bekannt gegeben. Erwartet wird ein im Vergleich zum Vormonat unveränderter Wert von 94,7 Punkten.In den USA werden der Immobilienpreisindex, der S&P/Case-Shiller Hauspreisindex sowie das Verbrauchervertrauen veröffentlicht.Geschäftszahlen kommen von Logitech, Ericsson, 3M, American Express, Archer Daniels Midland, General Electric, Johnson & Johnson, Microsoft, Raytheon, Texas Instruments und Verizon.Die Futures bewegen sich im roten Bereich. Der Dax ist 0.62% im minus. Der Dow Jones ist 0,68% im minus und der S&P 500 ist 0.96% im minus. Der technologielastige Nasdaq 100 ist 1,3% im minus.Support the show (https://www.patreon.com/kommponisten)

In der heutigen Folge „Alles auf Aktien“ berichten die Finanzjournalisten Daniel Eckert und Holger Zschäpitz über einen Dax zwischen Corona-Lethargie und Inflationsangst, die größte Gefahr für Tech und Krypto und Dividenden, die aus der Erde kommen. Außerdem geht es um RWE, E.on, Synbiotic, Bitcoin, Ether, Rize Medical Cannabis and Life Sciences ETF (WKN: A2PX6U), Nibe, Daikin Industries, Carrier Global Corporation, Engie, Kingspan, Rockwool, Archer Daniels Midland, AGCO, Deere, Baywa, Corteva, Tyson Foods, iShares Agribusiness (WKN: A1JKQK). "Alles auf Aktien" ist der tägliche Börsen-Shot aus der WELT-Wirtschaftsredaktion. Die Wirtschafts- und Finanzjournalisten Holger Zschäpitz, Anja Ettel, Philipp Vetter, Daniel Eckert und Nando Sommerfeldt diskutieren im Wechsel über die wichtigsten News an den Märkten und das Finanzthema des Tages. Außerdem gibt es jeden Tag eine Inspiration, die das Leben leichter machen soll. In nur zehn Minuten geht es um alles, was man aktuell über Aktien, ETFs, Fonds und erfolgreiche Geldanlage wissen sollte. Für erfahrene Anleger und Neueinsteiger. Montag bis Freitag, ab 6 Uhr morgens. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören.

Crain's commercial real estate reporter Danny Ecker talks with host Amy Guth about a new City Hall advisory group aiming to uphold Chicago's reputation for innovative architecture and why developers and aldermen are wary of it. Plus: White House lifts COVID travel ban on international visitors, Pfizer says COVID-19 shot safe for kids 5 to 11, Archer Daniels Midland enters the fake-meat market and Walgreens to give bonuses to pharmacists and pharmacy technicians.

Jennifer Weber, Senior VP and Chief Human Resources Officer at Archer Daniels Midland, discusses how ADM changed the way they work to manage the pandemic. Host: Carol Massar. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Jennifer Weber, Senior VP and Chief Human Resources Officer at Archer Daniels Midland, discusses how ADM changed the way they work to manage the pandemic. Host: Carol Massar. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

The panel kicks off the show discussing the Biden justice department's lawsuit over Georgia's new elections bill, Senate Bill 202. In a statement they allege that the bill was passed with “discriminatory purpose.” Governor Kemp quickly condemned the suit, calling it a “politically motivated assault on the rule of law.” There is also of course Candidate Corner, where the discussion involves Rudy Giuliani's fundraiser for Republican candidate for Governor, former State Senator, Vernon Jones. Also, State Senator Bruce Thompson announced he is running for Labor Commissioner, which makes for a crowded field to challenge incumbent Republican Mark Butler. And the last subject before Overhyped/Underhyped is about the news that the agribusiness company Archer-Daniels-Midland reportedly sold Sonny Perdue, the University System of Georgia's proposed candidate to be its new chancellor, property worth over 5.5 million dollars for just 250,000 just before he was appointed commissioner of agriculture. All that and more on this episode of The Georgia Politics Podcast. Connect with The Georgia Politics Podcast on Twitter @gapoliticspod Megan Gordon-Kane @meganlaneg Preston Thompson @pston3 or by emailed preston(a)appenmedia.com Proud member of the Appen Podcast Network. #gapol

Cameron Findlay aspired to have a career that began in government and then evolved to the private sector. Remarkably, he accomplished that. In his illustrious career, he has been a Sidley Austin partner, the Deputy Secretary of the US Department of Labor, and general counsel at three Fortune 500 companies — Aon, Medtronic, and currently, he's Senior Vice President, General Counsel, and Secretary at Archer Daniels Midland. In this episode, we talk about: - How the role of a general counsel has changed over the years - His roles in government including as Deputy Secretary of Labor - The business of running a legal department - Attracting top legal talent - Advice for aspiring general counsels Hear more stories by subscribing to Innovative Legal Leadership on Apple Podcasts, Spotify, or any podcast platform. Listening on a desktop & can't see the links? Just search for Innovative Legal Leadership in your favorite podcast player.

Cameron Findlay aspired to have a career that began in government and then evolved to the private sector. Remarkably, he accomplished that. In his illustrious career, he has been a Sidley Austin partner, the Deputy Secretary of the US Department of Labor, and general counsel at three Fortune 500 companies — Aon, Medtronic, and currently, he's Senior Vice President, General Counsel, and Secretary at Archer Daniels Midland. In this episode, we talk about: - How the role of a general counsel has changed over the years - His roles in government including as Deputy Secretary of Labor - The business of running a legal department - Attracting top legal talent - Advice for aspiring general counsels Hear more stories by subscribing to Innovative Legal Leadership on Apple Podcasts, Spotify, or any podcast platform. Listening on a desktop & can't see the links? Just search for Innovative Legal Leadership in your favorite podcast player.

Host and American Family Farmer Doug Stephan www.eastleighfarm.com begins with recent agriculture news about how many small farms make a net profit of a little over 1%, after taxes. Next, we meet Tobias Peggs, co-founder and CEO of Square Roots Farms, in Brooklyn, NY. https://squarerootsgrow.com/ Square Roots Farms is an indoor urban farming company, connecting people in cities to local, real food. Their fresh produce, grown without pesticides or GMOs—is available at grocery stores and restaurants in the same communities as they build their farms. They specialize in Next-Gen Farmer Training Programs, aimed at new farmers, or those at early stages in their careers. Finally, Farmer Doug opines about his pet peeves over two large companies, Archer Daniels Midland and Bayer.

Stocks close mixed; Archer Daniels Midland settles peanut price fixing allegations - Closing Bell - Marketplace Minute - March 12, 2021

Earth911 talks with Paul Bloom, vice president of Sustainable Materials at Archer Daniels Midland (ADM), about the food and plant-based maker’s sustainability goals and changes to how they make food and plant-based products. He shares with Earth911’s Mitch Ratcliffe how ADM has invested to create sustainable alternatives to synthetic and petroleum-based materials.Bloom leads the company’s efforts to develop new renewable, plant-based sustainable solutions for food production and ingredients used in personal care, paint, and a variety of industrial products. ADM is also pursuing partnerships to produce alternatives to the chemical products corporate customers rely on to make everything from glue to biofuels. His team developed a molecule from fructose to replace the plastic used in water bottles and a polymer made from acrylic acid to make diapers more sustainable.ADM has announced sustainability goals to reduce its waste, emissions, energy and water usage by 50% compared by 2035, which they shared in its recent annual sustainability report. To follow ADM’s projects and strives to a more sustainable market, follow them visit https://www.adm.com/.

Investment Analysis Of Archer-Daniels Midland (ADM) For Andrew W. What you'll learn in this video... - My Thoughts On Archer-Daniels Midland (ADM) As An Investment - Why It's Free Cash Flow Cratered In 2018 and 2019 - Lesson On The Importance Of The Cash Conversion Cycle - And More To see our other investment analysis/case study videos you can go here - https://www.youtube.com/watch?v=QYSHyJd2rGk&list=PLfmorMVSKq1edLBLeG2-ESJkgc_q589aR Or you can use the following links to see our most recent videos in this series... Investment Analysis of Coty (COTY) - https://www.valueinvestingjourney.com/investment-analysis-of-coty/ Investment Analysis of Exxon Mobil (XOM) - https://www.valueinvestingjourney.com/investment-analysis-of-exxon-mobil-xom/ Investment Analysis Of AT&T (T) - https://www.valueinvestingjourney.com/investment-analysis-of-att-t/ Investment Analysis Of T-Mobile (TMUS) - https://www.valueinvestingjourney.com/investment-analysis-of-t-mobile-tmus/ Investment Analysis of IBM Before Its Spin Off (IBM) - https://www.valueinvestingjourney.com/investment-analysis-of-ibm/ Investment Analysis Of US Steel (X) For Cody S. - https://www.valueinvestingjourney.com/investment-analysis-of-united-states-steel-corp/ Investment Analysis Of Ford Motor Company (F) - https://www.valueinvestingjourney.com/investment-analysis-of-ford/ Learn The Top 7 Tips I've Developed Over The Last 12+ Years That Will Help You Find Great Stocks Faster by clicking the link below.. https://valueinvestingjourney.clickfunnels.com/optin-26253949 Download A Free Copy of My Acclaimed Value Investing Education Book How To Value Invest By clicking the link below… https://mastermind.valueinvestingjourney.com/vijfreebook39461373 Masterclass - https://www.valueinvestingjourney.com/value-investing-masterclass-lifetime-access/ Five Free Gifts - https://riveraholdings.activehosted.com/f/1 If you liked the video above, you can subscribe to our YouTube channel by clicking here - https://www.youtube.com/channel/UCPU_d18Co-t8Bhmuey33W-w?sub_confirmation=1 - so you're notified every time we release a new video. To listen to our podcasts, use the following links… • Value Investing In Your Car - https://anchor.fm/jason-rivera • I Love Value Investing - https://anchor.fm/jason-rivera2/ Also, make sure to check out our website – valueinvestingjourney.com – which has twice been named a Top 50 Value Investing Blog In The World. What’d you think of the topic above? Do you have any tips of your own you think I missed? Let me know in the comments below. #investing #business #finance --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/jason-rivera/support

Eric Rieger  0:00  All right, we are here at gut check project. Welcome KBMD health fans and family. We are on location in Conroe, Texas at Southern star brewery with my co host, Dr. Kenneth Brown. I'm Eric Rieger Dr. Brown. It's Episode 42. And this does not look like our set.Ken Brown  0:19  This is not our set. And this is very special. First of all, shout out to Southern Star Brewery, or letting us do this. Now we're here for a reason, a very special reason we are. This is going to be a really cool episode where we're going to talk about something really important and how it impacts the health and the future of everyone living in the United States. We're gonna talk about high fructose corn syrup. And there's a reason for that, because the next episode, oh, man, Eric Rieger  0:42  It's huge if we won't give it all away. But if you're tuning in for this episode, you're missing out. If you're not watching the one that comes right after this, we've got a special guest. And it's the whole reason that we're here in Conroe, Texas, Southern Star brewery just north of Houston, you can hear the sound in the background, the music's going crazy, but it's all worth it.Ken Brown  1:01  And the really cool thing is Southern Star Brewery, I just spoke with their brew masters, they do not use high fructose corn syrup. So we are in a perfect place to do that Eric Rieger  1:09  We are in a perfect place to do this. So Dr. Brown this particular episode, we're going to really get down to the meat and potatoes we normally don't do, quote unquote short episodes, even though we try to do that. But today, we have a topic that we really kind of discussed that we needed to cover before we had our special guest on. And this is an election cycle also. So of course, the next guest the next episode is definitely I would say political when you say it is definitely political, but also like minded, very like minded and really much very interested in your health. So let's get straight to it. high fructose corn syrup. That's what's on the table today. Why don't you kind of steer us where we're gonna go.Ken Brown  1:52  So we were planning on doing high fructose corn syrup, regardless. And then yesterday, a patient of mine sent me an article said, Hey, check this out. And an article just got published out of the University of Colorado, okay, where they looked at the lows. Yeah. And they, they were able to associate that symptoms, ADHD, aggressive behavior, and bipolar disease can actually be linked to high fructose corn syrup, not just Oh, if you drink this, this happens, scientists figured out that the reason why is that when you take in high fructose corn syrup, you are actually starving your brain. Your brain thinks it's starving, while your body's getting fat. And so because of that, your brain goes into what is called a foraging mode. It actually turns on remember when we talked about orexin and things like that when when you go into a forest? Yeah, guess what your brain is going Yo, we got to get some food here. Even though you're drinking mountain dews. And you're opening up, you know hohos and stuff and you are morbidly obese on the outside, your brain is starving for energy. And they're attributing that this could actually be the the reason why you have hyperactivity, creating ADHD, aggressive behavior, and bipolar disease. When you have foraging mentality, your brain tells you to go out and do something. So you end up with impulsivity, aggressiveness, and reactiveness. And I just want, there's no way a patient just sent me this article. It came out yesterday. And we were already planning on talking about this beautiful timing. So this is just one article. I mean, that just showed up yesterday. So that is, if you are interested in high fructose corn syrup, and you happen to be somebody who suffers from anxiety, ADHD, or impulsivity, listen,Eric Rieger  3:41  well, another thing to take away here is where do you find high fructose corn syrup? Oh, I don't know, almost everything that's processed with sodas, breads, treats. It is a sweetener, per se. And a lot of people have even told me I remember when I was younger, that it was just like sugar. Well, it's sweet. And that's pretty much where it ends. We've already talked about the dangers of just even sugar exposure. Believe it or not, it's worse. It's truly worse. We're gonna get into it today, but Coke's, Pepsi's sodas, if they're sweetened. And I mentioned breads and treats. But in sometimes you'll find high fructose corn syrup and things that you don't even perceive as sweet. Which is the problem Ken Brown  4:23  100% we're gonna get into that. Now, one of the things we do here on the gut check project is we want to bridge the gap. A lot of people always say, Oh, yeah, I've heard the same on high fructose corn syrup. And in this climate right now, it feels like everything could be politicized. Yes. And I feel like even bringing this up could turn into some sort of political argument. That's not what we do here. We're just gonna talk science. Let's, let's talk objective data. So I'm gonna throw this at you. You're better at the historical aspects of things. Let's just briefly go over how did we end up with high fructose corn syrup in everything.Eric Rieger  4:57  I think if I recall the story, somebody What correctly, we needed number one to have sugar or sweeteners available, we wanted to see if we we mass produced products that the shelf life could be extended. And in doing so we also had farmers that had grown a lot of corn. And so you have the I think it's the Corn Growers Association or corn refiners Association, CRA that essentially functions as a lobbying agency for corn growers. And what they found is they could compete in the sweeteners market by mass producing high fructose corn syrup. And this process was, I don't know if it was discovered accidentally or on purpose. But ultimately, it's a two step process, which one phase of it is somewhat, I guess, naturally occurring if you force it, but it's not a natural thing to have.Ken Brown  5:52  It sounds like you're describing a Labradoodle?Eric Rieger  5:54  sorta a Labradoodle of sugar.Ken Brown  6:00  Kind of natural, but it was forced. Yeah.Eric Rieger  6:02  It's kind of like a liger. You're not supposed to have them.Ken Brown  6:08  Did you ever see Dan Cummings? Chocolate squirrel doodle?Eric Rieger  6:13  Oh, the comedian.Ken Brown  6:15  He does a whole set on this exact topic. Yeah, mixing animals that shouldn't be missed. Anyways, off topic already, wow, are are super fast episode. on time, DeRay. A lot of the time. Everything you're saying is true. Let's just put a little historical context into it. So basically, since the 1920s, there have been farm subsidies. So the US government has said, okay, we need to help out. We've got a great depression going on, let's make sure we have enough food for everybody. And then, through a series of events, which I'm not an economist, but basically the 1960s. During the Nixon administration, there was a series of events like a couple bad harvest years, and then we made a bad decision to sell millions of tons of grains to the Soviet Union. And all of a sudden, we ended up with a shortage. This shortage, of course, led to the overcorrection, which happens in government at the federal level a lot. It's like driving down an icy road, you turn a little bit here and go well, and then you overcorrect and now you're spinning out of control. Yeah. So in the 1960s, they started this subsidies program where they were going to subsidize farmers and ultimately, the most abundant crops were wheat, corn and soy. Okay. So then this was started, because through a lot of different reasons, those were the ones that were subsidized the most. And then in 1996, it was discovered, oh, we've way over corrected, we've got way too much of this stuff. So the federal government put in new mandates, which then said, Okay, we're not going to subsidize this anymore. But since we were doing it for so long, everybody that was subsidized gets grandfathered in, at the rate that we've been doing. And since the major crops were corn, wheat and soybean, they got subsidized. And they were grandfathered in whether or not they grew, the crops paid did not grow anything Hey, did not grow. And guess who wasn't getting paid at all. The farmers that were growing fruits and vegetables, they got squeezed out immediately. So, so now you've got these farmers that are being paid with our tax dollars to make more of a grain that we don't even know what to do it.Eric Rieger  8:20  I know we're gonna get into it. But you're telling me that essentially, we have a food additive that is being subsidized. So now it's already somewhat less expensive for not only a producer of foods, but even the consumer to get its hands on now. Right? So we've reducing the threshold of normal people to get their hands on the substance. Surely, since we weren't doing that with fruits and vegetables, it must be better for us, right?Ken Brown  8:47  So what happened was, we have all this corn. And some Japanese scientists in the late 90s figured out that when you add a couple chemicals, natural enzymatic chemicals, you produce this high fructose corn syrup, since we're already subsidizing it. And it's really easy to make, then it's 70% cheaper than standard sugar cane or standard cane sugar. So automatically, you've got a 70% advantage. So then they realized oh my gosh, it's also two times as sweet as sugar. And look, it works as a food preservative. We just found the holy grail of the food industry. So it just exploded. And in fact, since then, or since it was discovered how to make high fructose corn syrup 1,000% increase in our consumption has taken place. It's ridiculous thousand percent. So our ancestors would normally take in. I don't remember the exact numbers let's but I think it's somewhere around 20 grams of sugar in a year.Eric Rieger  9:53  Now we're in a bit just just to categorize that's not including just fruits and stuff. You're talking about just raw sugar and and another Think just for context, today's standard is just try to consume less than 22 grams of sugar a day aKen Brown  10:08  day. So in other words, right now, without even trying, most of us are consuming what our ancestors did in a year, in a day. So you said, Surely it must be better for us. It's not and quit calling me surely I don't know how many times we've talked aboutEric Rieger  10:25  airplane.Ken Brown  10:28  Alright, so real briefly, we're gonna get a little sciency, then we're gonna do a quick deep dive and then come right back out. So just hang in there. But the whole point of this is we don't want to make it political. But it is impossible to not discuss some of the political aspects of it, because it's because of the subsidies that we're here on. Let's be clear, and if you identify as either right or left, believe me, both sides are involved. This is not exonerated either side whatsoever. All right. So why do you even care about fruit dose? Well, glucose, which is the sugar that we always talk about, right? table sugar is sucrose and glucose combined, and then all of a sudden we start throwing then it's fructose right about now a bunch of people are just going that's too many else's, like I agree with you. So let's focus on the one else. fructose. fructose is the only sugar which is metabolized in the liver, it does not need insulin to drive it into the cell. Glucose is used by every cell in your body, fructose goes straight to the liver, right. And it's when it goes to the liver, that it has to be broken down and then metabolized. That doesn't happen with that. So we've got this very cheap sugar that is metabolized in an unnatural way, right. And it's not used for energy. And we're going to come full circle here. But basically, we now know that fructose consumption has epidemiologically been connected directly to the diabesity epidemic that we have. And now I can tell you in a little bit on a cellular level, how it actually does that. But we've already mentioned that you said it lasts longer. So if you're going to go out, and you've got a granola bar or an apple, and you go Oh, the granola bar is healthy. That's nature made set it is that commercial showed hikers there and sure the commercial doesn't show somebody pulling an apple out of the backpack because an Apple has a shelf life, right? The granola bar can sit there forever, and it sits forever because they hide the sugars in it. Right? You don't even think of that now. And then we talk about other foods that are there. So when we're sitting there taking this for people that are like, Oh, I like this food better. I like this bread better. I don't know if you saw that, that an Ireland, they they won't allow subway to call in a sandwich. They can't call it.Eric Rieger  12:37  I don't think they can call it aKen Brown  12:38  brandy. They can't call it a bread because the sugar content is five times higher than what bread should be.Eric Rieger  12:43  Yeah. I mean, that's that's alarming. Like, it's not like, Oh, I can't believe they don't let us call us bread. Well, they can't call it bread because it's not bread. Yeah.Ken Brown  12:51  Um, the interesting thing is that it is actually extremely addictive because it is two times sweeter than sugar. So you condition your body to watch that sweetness. Sure. And then we can get into exactly why all this is going on. The irony of it all is that actually makes people hungry right? Now I just told you about an article where you have ADHD because your brain cells are starving. Sure. Now, we know that when you take this, what does that mean? Tell me one benefit, other than it's cheap, and you can sell more products, but you get no nutritional value out of it. And you actually cause damage as you take it. Like it's like if you start with that they wouldn't allow it to be made ever.Eric Rieger  13:34  I mean, quite honestly, it sounds to me like every advantage is somewhat sinister. It's it's there is no advantage about this. There's not a direct advantage that I'm aware of, for the person that's consuming it. And I think that's that's really what we need to be concerned about. Because we're consumers weKen Brown  13:51  Yeah, we do. And fortunately, we're consumers that are doing a podcast that a microbrewery that uses all natural ingredients, and they're very conscious about not doing that. We're consumers that are in the health field. Correct. And unfortunately, the burden of diabetes high blood pressure and death in the poorer socio economic areas is much higher than the general population. Yes. And then when you start reading about it, they consume they being people in poor social economic neighborhoods and in cities, they may not have access, they may not have the money nor access for healthy foods. I don't mean healthy. I mean just something that isn't fast food or in a packageEric Rieger  14:35  right and most fast food is going to be made with high fructose corn syrup and other additives don't don't get me wrong. There's others out there. It's not by itself, but we're talking specifically about high fructose corn syrup today. And you're you're correct. The subsidy has made it to where that's what is obtainable. That's what they can eat because it's cheaper for the producers to Make it because it's a subsidized product because it serves as commodity. It doesn't make sense. We are making it easier for taxpayers to subsidize people who don't have money to get sick and stay sick. And they have this anxiety. It's a horrific cycle. Because if they're trying to climb out of poverty, guess what? They don't feel normal. They're not thinking, like they should beKen Brown  15:21  that article that discuss the impulsivity. Yeah, that really got me thinking, right? I mean, we always blame we try and blame so many things on different aspects. Oh, we're obese because we're not getting enough exercise. And I can get into a whole different aspect of this where the Corn Growers Association hired scientists to put out public statements that basically said, high fructose corn syrup is really good for you. You're just not working out enough.Eric Rieger  15:49  Yeah, it's ridiculous.Ken Brown  15:50  And then we're looking at this, you're like, wait a minute, areas that have the highest burden of obesity, and have high blood pressure and diabetes, which lead to this huge cost burden in the United States have the highest consumption of high fructose corn syrup. Yet, there's people out there saying, Oh, it's not related. They're just not getting out there jogging enough. Now, that is, I'm going to give you cellular reasons why this is wrong. But if you don't care about it, and I know that we're going to talk some politics on the next episode, if you look at the pure numbers, since high fructose corn syrup came on the market, Eric Rieger  16:26  right. Ken Brown  16:27  And we're taking 1000 times more than we used to, it is estimated that right now, 60% of the adult population is overweight. The prevalence of insulin dependent type two diabetes, that means diabetes that didn't respond to medications, and you eventually have to go to insulin is 9.3% of the population. Pre diabetics is through the roof, they're estimated that about 30% of the US population right now is pre diabetic. It's sad. 60%. It's, it's sad. It's also really expensive. Yeah, I'm gonna put you on the spot. How much do you think the burden of this cost the US annually? Thank you for putting me on the spot. And I will say eleventy billion dollars, because I don't know the number that is very close to 327 billion, because it's, it's encompassing the health care costs of this, that's ridiculous. If we could fix one thing if we could fix obesity and diabetes. Sure, if you take out diabetes, just the causes, just the morbidity of obesity Sure, is like 192 billion. And if you look at diabetes, 327 billion, that includes loss of work when people get sick, and you know, all the other weird numbers they put in there. 320. Okay, so imagine if we could sit there and get roughly 527 billion off the tax records off of our tax burden. And all we got to do is take one food subsidies. So we're paying taxes that are now going and making peopleEric Rieger  17:56  sicker. And it's by it's by design, if you just step back and look atKen Brown  18:00  and then right now in 2021 of the hottest topics and always is every election year is healthcare. What do we do with health care? We need Medicare for All we need this. We need that. Now. How about taking one thing that we're already paying for his tax dollars, converting it to something that the European nation is actively trying to ban 100% they're out, they're gone. We don't want to do this. And then what's really sad is when you introduce high fructose corn syrup, and I'm not trying to pick on anybody, but it's a soda company that ends in Ola. Ah, Mmm hmm. It's couple of them. Yep. You pick which Ola you want. Alright, so they've so they've looked at this, and one of the older companies did a real big campaign paid for their own studies, and got it introduced in Mexico. And now Mexico is almost caught up to us and diabetes, and obesity. And somehow, same thing happened in China. I mean, China says, FU to everything whenever they want, but somehow one of the older companies got in there, if you want to learn about that watch Patriot Act, because Minaj Hassan did a whole thing on this where he was like, How in the world can we not negotiate with China, but the older company just went in and said, pow do it. And now they're running into the exact same problems. He showed different commercials that they're running. And they had they, they gave them articles which show the same thing. Coca Cola has their own research institute, and they come out with things that say high fructose corn syrup is actually good for you. And you just need to exercise more. exercise more.Eric Rieger  19:37  Yeah, I mean, it's ridiculous. If if you wanted to make certain that your bank was secure, it would be a bad idea or policy to get the robbers who are going to heist you later to check your security system, because that's exactly what's happening here. It doesn't make sense to take the data from somebody who is wanting to sell you what they're telling you is safe just on the other side. Yeah. They're the only ones who have the data that show that. Think about it. If you're hearing that high fructose corn syrup is okay for you, who is putting together study? And what did they study? Interesting? Is there a study? Or is it just a kind of a? We feel like it's, it's okay, was there actual data that showed a reproducible, less than 0.5 p value?Ken Brown  20:26  I went down a little journal searching rabbit hole, because I did that thing you're not supposed to do when you read the whole thing. And at the end was, there's no way that studies so I started going through our Mendeley account and stuff, and then it said unpublished data,Eric Rieger  20:41  so they don't believe in it.Ken Brown  20:43  So they brought a PhD to stand up and go, it's good for you. We did a study on that. Trust me, it's right there. Right there in my brain. didn't even get it published.Eric Rieger  20:53  Yeah. I mean, if you come home and your newspapers torn up and the trash is out, and you ask the dog, did he do it? And they go, No, he did it. The dog did it. It's the same thing. They did. The the study is not real. They're just saying it.Ken Brown  21:07  Yeah. That happened to me when I was a kid once and I yelled at our dog, it actually was a raccoon.Eric Rieger  21:12  couldn't believe he didn't call me up or dog saying no.Ken Brown  21:17  All right. So even if you're sitting here, and if one of those scientists is listening to this, and he's like, no, I looked at the data. It's there. That's fine. Let's back off all that. Let's back off speculation. I want to talk about an article that was just published about two weeks ago. The title of the article is the negative and detrimental effects of high fructose on the liver with special reference to metabolic disorders published in the Journal of diabetes and metabolic syndrome. It's a lot, we got to teach these guys how to write their name. Because I got tired Listen, just kind of reading through the title. But what I just I'm gonna just go over the key points to this. Yeah. And then you make your own conclusion about this. So what this article looks at is let's talk about the cellular mechanisms. This isn't speculation anymore. This isn't taught let's just look exactly what's going on on a cellular level. Okay. So what actually happens is, we may have to put the nerd glasses on, I always carry him around in case it gets too nerdy when you go, you need to back off,Eric Rieger  22:11  Clark.Ken Brown  22:12  so got the nerd glasses on. Basically, you already know that fructose is metabolized in the liver. So I'm going to go through a five step process, okay, have a two part reason why high fructose corn syrup is messing you up. Okay. Okay. So we know since it's metabolized by the liver, step one, the liver tries to metabolize all this fructose that it's getting in, and it quickly cannot do it. So the liver converts it to triglycerides, or fat that so you start having these fat depositions in your liver, step two, the fat starts accumulating, and we call this fatty liver disease, right, the fat starts accumulating, and as a result of this, fructose becomes harder to metabolize. So in other words, the fructose is going, Hey, I'm here, I need to be metabolized. And these fat cells are just going like, man, we don't know what to do. Sure, because we're not built to do this, right. So then you end up with this snowball effect. And then that fructose that's sitting around starts impairing other processes, one of them being something called a beta oxidation process, where if you're a medical student, they go, Oh, that's how you break down fat. So you impair the ability to break down fat. So you impair the ability to break it down. And what that means is, is that it can't metabolize fat, so it leads to fat just sitting there, and it starts creating other problems. So step three, is a decrease in ATP, adenosine triphosphate. That is the energy that our cells you, you have to have it, I'm going to throw it back to the article that my patients sent me yesterday. So what happens is you get a decrease in ATP, which is the energy for mitochondria, that's the powerhouse in the cell. When this happens, the body increases and expression of an enzyme which I'd never heard of, and nobody's ever taught me this. So it almost feels like a cover up called fructokinase C. Okay, fructokinase C. So when fruto kinase c starts ramping up to get rid of the fat, all this other thing, it actually destroys more ATP, as it turns out, fructokinase C is a bad thing for around in your body. Sure. So it actually starts breaking down what little ATP you're making. And then this increases something called uric acid, which leads to a very vicious cycle of the fat not being able to metabolize, and then more fat comes up and then you start decreasing the cellular energy and now you've produced uric acid. And this vicious cycle actually creates severe stress on the cell, which leads to reactive oxygen species. I don't know if you Remember a few episodes back we talked about how one of the leading causes of obesity is oxidative stress. Yeah.Eric Rieger  25:05  RsKen Brown  25:07  Rs right there. And then guess what's happening. There's this battle going on, fat is just showing up because they don't really care. The body's trying to get rid of that. ATP is being used to try and offset this fructokinase C. And then you've got a mitochondria that are sitting there going, yo, we have no energy here, right? I've got no energy. And the brain cells go we have no energy. I'm gonna go forage. impulsivity, ADHD bipolar. So not only are you actually putting on weight, but you're starving, like there isn't. There's it's a lose, lose lose situation. Right. Does that make sense? Can Can you summarize that really quick? Because I feel like I got a little too deep in the woods.Eric Rieger  25:50  Sure. I think while we have someone here, briefly announcing this behind. Not really announcing us behind this makes no, it makes no sense. It's even throwing me off. But I do think that I could somewhat summarize what we're talking about.Ken Brown  26:04  I, I'll tell you what, I've been listening to what he's saying. He's like, Listen, everybody, if you're, if you're if you're here. Now, I just learned a lot about high fructose corn syrup. I want everybody here in the audience, too. And so I love that, that he's actually doing that for us. Thank you. I mean, I like it when we make that big of a difference that quick.Eric Rieger  26:20  Yeah, everybody's on board now. Yeah. So I what I do, when I hear is they bring in high fructose corn syrup, we don't know how to metabolize it, or our cells don't know how to metabolize it is now giving us too much uric acid, which I actually made me think of. There's a close association between high fructose corn syrup consumption and gout.Ken Brown  26:38  Yes, exactly. Yeah, yeah. AndEric Rieger  26:41  beyond that, when your body doesn't know how to handle this, you're just going to keep storing fat. And when it didn't have the energy, because you're destroying adenosine triphosphate, where you can't break it down to ADP, your cells can't, then essentially, it's going to keep looking for food. While you keep packing on fat. You're going to keep looking for food. While you're packing on fat, consume more high fructose corn syrup, pack on fat, keep looking for food, because you're not feeding yourself. You're not gonna keep burning the brain because the brain needs what it's not getting.Ken Brown  27:13  Yeah. So now part two of this vicious little cycle that's just going on in the liver. So as it turns out, the liver in its attempt to get rid of the fructose just produces tons of this Fructokinace C. Oh, can I see that then floats around and goes to my special origin, the small intestine? Oh, yeah. Where What does it do it inactive. It makes the cells insulin resistant. So this made total sense to me where that study that we've talked about before I've talked about with my patients, where people that drink diet, cokes, have a higher propensity to develop diabetes right? Now that makes sense. They're taking in high fructose corn syrup, even if it is in the form of some artificial sweetener and things like that. I'm always always like, man, how's that happening? Well, bacteria break it down. And ultimately, you end up with fructose and the liver has to, you know, do this insulin resistance, the fructokinase c creates insulin resistance through a process called glute five, and all those other imacon get as nerdy as you want on this. Because I don't want it to be an opinion piece. I want it to be like, Look, this is what's happening. Sure level. So then fructokinase C gets into the small bow where data causes leaky gut.Eric Rieger  28:29  It just is a never ending cycle. I have not heard one of the redeeming qualities. You told me you were going to tell me about high fructose corn syrup.Ken Brown  28:36  I thought we were just gonna do the usual Oh, it looks like it's associated with this. And I found this article where they're like, no, it actually does this little tiny thing here that leads to this that leads to this that leads to this. So now, I mean, we always talk about how bacterial overgrowth can cause leaky gut or intestinal permeability. We talked about how glyphosate does it. Now, if you're taking in high fructose corn syrup, you're developing intestinal permeability, which allows the endotoxins to actually get absorbed directly, which then go to the brain. leaky gut, leaky brain. That's right. So one of the things that I always tell my patients, we want to avoid gluten, I want you to avoid products with glyphosate. I actually mistakenly have not been saying the most important thing to take out of your diet is high fructose corn syrup. I've been harping on certain molecules. Now I realize oh my gosh, this could be the root cause of a lot of the problems. Okay,Eric Rieger  29:31  so this is a this is an important intersection, I think right here. And I think it's it goes for everybody go it went for me. It's not your fault. It's not your fault. We weren't told that because we weren't meant to find out about it. This was something I mean, our own federal government does subsidize corn. And the corn refiners Association presses hard every year they they compete with the Archer Daniels Midland. It's Edra, who run the sugar lobby, they, they fight over who gets the sweetener lobby money. I mean, and then they they're strange bedfellows they work together in, in in advocating sweeteners in certain foods. But the moment it comes down to which sweetener is going to go into your food, trust me, they fight over that. And Archer Daniels Midland who represents and Cargill who represent lots of sugar cane growers, they fight with the corn refiners Association. And I hate to say it, but in this instance, I sided with sugar, because at least it's somewhat natural, and our bodies, at least know what to do with it.Ken Brown  30:37  So imagine if I'm producing this, and I'm selling this to a large corporation, I came up with a molecule. When you eat sugar. You need insulin to drive it into the cell, right? When you have insulin in your body, it gives you the sensation of being full. How does it do it? Because when insulin is there, a hormone called leptin. Yep, a hormone called leptin goes up and says, yo, we've had enough to eat. So if you're somebody that really struggles with your weight, and you're over there going, I'm trying I do not know. And people talk about sugar addictions. And yes, we know that sugar can have the same effects as cocaine and things like that high fructose corn syrup will, will do the exact same thing. Oh, icing on the cake, high fructose corn syrup, blunts the leptin response. Yeah,Eric Rieger  31:30  well, I mean, it's already blocking what insulin does? Yes. So it now you're giving me a sweetener that doesn't let me know that I've technically had enough food, even though it didn't give me any calories that I needed in the first place. Exactly.Ken Brown  31:43  And so you've got the situation where it is the perfect storm, if you're a corn grower, or if you manufacture high fructose corn syrup. Or if you are a manufacturer of something that is processed foods, right? Or if you're an insurance company, or a hospital, or anybody that benefits with the detriment of health. It's crazy. It's like you cannot, it's all it's almost like a biological weapon.Eric Rieger  32:13  pretend for a moment, you're a junk food manufacturer, I'm going to come to you and I'm going to tell you, okay, Listen, I've got an ingredient, it's going to replace that sugar that you're putting in your foods. And at first, you're like, Well, why would I want to do it, because it's going to give you a longer shelf life, it's going to keep people coming back, they're probably going to consume three to five times as much as they normally would. And on top of that, it's inexpensive, because the government is is paying down the cost. Sold right sold because you don't care about the person who's buying it, you're just wanting to sell it. That's what they've done to you. That's what they've done to the public.Ken Brown  32:52  If you eat any fast food, high fructose corn syrup, if you're opening a package, high fructose corn syrup,Eric Rieger  32:59  go to you know, the other day, we're talking about ketchup, and we need to give credit where credit's due. Okay, so Heinz 57, ketchup and see it and all the grocery stores. If you go and look in most shelves, now they actually offer a natural, or organic Heinz ketchup now. And if you look closely there, it says, advertises no high fructose corn syrup, it's regular sugar. There's a reason behind that because the word is getting out. And if you want more choices like that, then make the correct choice for yourself. So with this show, we want to arm you with the information. This isn't really a joke, look at a picture of people gathered on the streets hanging out in the 60s and 70s. Again, just simply compared to today, I won't tell you what you're looking at, just look at a group of people. And then look at a group of people today. It does not look the same. And you can't blame it on laziness. I wasn't wanting to say this to laziness, there have been lazy people around for generations for centuries. They're lazy people that existed back in the 70s that have way worked out or whatever else. We still didn't look like this. It doesn't make sense.Ken Brown  34:05  I think we just gave a pretty compelling argument of so much of it is not your fault, right? And I hear that from my patients. They're try and then even well intentioned people going well, I meeting mine, I don't want to I have not done the due diligence to look, but let's just pretend like it's a Lean Cuisine or something. The fact that it's got a shelf life probably means it's got some high fructose corn syrup. Yeah. And if it's got some high fructose corn syrup, all this stuff is happening to you. And at the very top, it's you're not going to get full, because you don't have a hormone that says you're full, and then it just starts dripping down. Oh, your brain is going to be starving. So you're going to be more anxious, you're going to have anxiety, you're going to have impulsivity, oh, and then all of a sudden, you're getting fatter, your liver can't process it. Now you've got intestinal permeability. And then the one thing that is my passion, that probably is the least relevant to everybody out there, it affects the microbiome, you decrease your microbial diversity. It's not. It's literally poison.Eric Rieger  35:09  It's poison. And I did challenge yourself. So you'll notice they're like, I don't mind giving these guys a shout out, Justin, Justin's little peanut butter chocolate.Ken Brown  35:19  Yeah.Eric Rieger  35:20  So what makes Justin's unique if you pay attention to it, they are made with real sugar. And so all of the different flavors of Justin's peanut if they have something sweetened, because they also have just like nut butters and things like that. But they're Almond Butter Cups, peanut butter cups, a walnut Butter Cups, or cashews, whatever it is, but they're all made with regular sugar. And then they may be slightly more expensive, but just go and compare that to your standard gas station candy aisle. I'm not gonna have to say any names. Just go look, the first ingredient is going to be high fructose corn syrup. It's cheaper, they don't care. And of course you want it. You want it because your brains been programmed to want it. That urge just make the leap and start fun. I'm not I'm not at this point. I'm saying avoid sugar, just pick the right time. And it will at least start allowing your body to react appropriately to the sweetener.Ken Brown  36:13  Absolutely, you can you can retrain, you can do this. We, I feel like I tilt at windmills, you know, the Don Quixote style, I feel like I tilt at various windmills. I just I don't know how I missed this. It's, it's like it. It's been camouflaged. Yeah, out there. And I'm like, that's the truth thing that we need to make our mantra here.Eric Rieger  36:36  Another thing to think of to kids, if you're making your kids lunch, check the bread. In our I purposefully went through the grocery store that we have close to our house here recently, and just checked all the different breads, there's a I think I counted, there was a 47 different kinds of breads and bread brands to, to mass produce bread brands had a line, not even all of the lines had a line that didn't have high fructose corn syrup. And like their wheat bread, for instance, the rest of them do,Ken Brown  37:10  don't buy that. Well. And then the other thing, they're catching on to this. So I started looking at labels. Also, it goes by a bunch of different names. Oh, almost made up names by the food industry, where they and I wrote them down someplace because I was like, so annoyed by it. It's like they when you look it up, you're like, Ah, that's high fructose corn syrup. And they call it like something else, like whatever. And other countries are starting to do this now where they'll name at different things. So it's like, okay, to avoid it, try not to open packages, refined foods, try and eat those whole foods on the outside of the grocery aisle where they really want you to walk in, go down that middle aisle, they want you to hit those cookies right away. Because that's it's cheap for the grocery store. They know that you're going to buy them it's hard to not buy it that go on the outside, get some whole food first. And then really try to because once you start that path, it's it's super, it's super hard. So I don't know, I it opened my eyes to be honest. I mean, one of the reasons why I love doing the show is that we I get the opportunity to take a few moments to look at something where I normally wouldn't. This is one of them.Eric Rieger  38:16  Yeah. And I love the show because we get to get into subject matter that just like you said, it's it's bringing something to your attention. I think that this is a topic that maybe I've kicked around with family members or friends but I even at times, I don't know how seriously I took it until I decided to do the research myself I my last soda, my last sugared high fructose corn syrup soda was several years ago, but that was buying. That was on purpose. It was by design, I wanted to stop consuming that stuff. It wasn't easy, but doing it, I feel better doing it. And I want I just really want everybody else to have the same opportunity, same information. There's no reason for us to keep in this crazy cycle. We only live once of feeling sick, not feeling our best. I want you to enjoy your life. There'sKen Brown  39:06  no reason to do this, the idea that on a federal level, we're paying taxes to produce this to make us sicker. I mean, if I were a politician, if I were in charge, I'd be like, subsidies are now shifted to fruits and vegetables, corn, you've had your run. No more grandfathered in subsidies. You can't just have excess corn you don't know what to do with. So you're gonna, you're gonna convert it to high fructose corn syrup. We're going to feed it to our animals. We're going to do this. I know that there's a role for it. I also know that it's, oh my gosh, I was trying to do some research on this. And I discovered a Netflix video called corn or something like that. Okay, this is this is wild. It was in Iowa. These guys from Boston, found out that they had relatives generations before and they wanted to see what it's like to farm corn. So they got a one acre plot and then they kind of lived in this little Iowa town. I'm about halfway through it, but it's really this is really awesome. So they planted their corn, and then weeds started coming up weeds. And the guy pulls it up. And it's hemp. Oh, wow. It's hemp. That's how much hemp is wants to grow. It's like I want to be here. Yeah. And then what do they do? Very good, glyphosate, whatever thing and they just kill everything in between the corn. And then all of a sudden, you're taking high fructose corn syrup, and you're adding glyphosate and chemicals and stuff to it. And so we're taking poison, I'm going to give you arsenic, and then you're going to mix it in gasoline and drink it.Eric Rieger  40:35  It's funny the same as getting gasoline, because they also make ethanol and all that excess corn. Hey, yeah. I mean, just, I don't know, this episode is a great, a great introduction for our next show.Ken Brown  40:48  Absolutely. That's the whole purpose of doing this, that we understand that, you know, this is a lot to be thrown at you. But just take a second to look at it. And look at least look at the various names are calledEric Rieger  40:58  One last thing I wanted to call back on a recent but previous episode, we had one two shows ago, I believe might have been three, where we talked about the increase in gi cancer in people. There is another study that we can't get to today, it's very, very in depth. Well, it's not just one size, there's several. But there's one that really ties together our current day food additives, including high fructose corn syrup and the increasing incidence of gi cancer. It's not a joke. It's not something that we're just trying to say, Oh, don't eat sugar to not get But no, in fact, eat real sugar. If you have to have a sweet tooth, the studyKen Brown  41:35  results were pretty simple. The equivalent of one can of soda a day resulted in increased cancer in mice.Eric Rieger  41:42  Yeah. It's It's not good to say it's and it's horrific that our that our government subsidizes it and you mentioned it earlier, you can change the name of how you see them the label, you know how hard it is to to put an all natural product and what it is on a box. It's actually good for you. The FDA is really hard on this.Ken Brown  42:02  Yeah. So in case your Eric's now holding up a box of atrantil no high fructose corn syrup, and I'll turn to no so no additives, no additives, so it'sEric Rieger  42:11  a little annoying. Well, regardless, I'm prettyKen Brown  42:13  pumped about our next show coming up.Eric Rieger  42:15  I am too so be certain to check out 42 right. This is 42 next one's gonna be 43. Thank you. Paul Rogers went on the road with us by the way. Yeah,Ken Brown  42:24  this is a special thanks once again to Southern Star All natural brewery. Southern Star here,Eric Rieger  42:33  the whole thing. But seriously, so Episode 42. I think it's gonna do it for today's show, or for thisKen Brown  42:38  particular show. Yeah, I'm proud of us in so many levels. This is the shortest show we've ever done. How manyEric Rieger  42:43  minutes is that? We're at like, 42. We're only 12 minutes over. Well, thank you so much. This Eric Rieger with my co host, Kenneth Brown. that's gonna do it for episode number 42. Be sure and check out the show notes. We've got information on getting in touch with Southern Star brewery as well as a think we may end up adding after we published some information on where we can find some of the studies specifically on high fructose corn syrup, and it's dangerous to you.Ken Brown  43:10  Yeah, absolutely. Thank you so much for tuning in and definitely tune into the next one.Eric Rieger  43:15  All right, see y'all then

In this first of a two-part conversation, Sam sits down with Mark Whitacre, the highest-level corporate executive in U.S. history to work as an undercover FBI informant and whistleblower. For 3 years in the mid-1990s, Mark acted as a cooperating witness for the FBI, investigating Archer Daniels Midland, where Mark was the president of the BioProducts division and had been involved in price-fixing schemes. Listen in as Mark shares the story of how he got wrapped up in white collar crime before approaching the FBI as a whistleblower, and the stress that followed as an FBI informant. To read more about Mark Whitacre, visit markwhitacre.com where you will also be able to access the documentary referenced in this episode at https://www.markwhitacre.com/discovery.html Discover Prison Fellowship's Warden Exchange Program at pfm.org/warden-exchange To reach out with any feedback or suggestions for future podcast guests, contact reimaginingprisonpodcast@pfm.org. music by Podington Bear under a Attribution-NonCommercial 3.0 International License (https://freemusicarchive.org/music/Podington_Bear/Grit/Blammo)

This episode is pretty much about Archer Daniels Midland and why I love them. The song of the show is "The Passenger" by Iggy and the Stooges. Find all the show songs on YouTube by searching for "Dapper Dividends Playlist". Tickers discussed in this episode - NIO, O, ADM, SPG. Full disclosure - I am long NIO, O, ADM & SPG. Disclaimer- I am not a financial adviser and this is not financial advice, but my experience and opinions shared for fun and entertainment.

In this episode of the Byte-Sized Human Geography Podcast, we discuss everyone's favorite topic—food!  Most specifically, we look at the relationship between a country's economic development and the way in which food is produced focusing on subsistence and commercial agriculture. This is Human Geography byte-sized -- big concepts in small chunks of time for all learners at every level. It's Human Geography, made simple!Support this podcast by clicking “Subscribe” to get the latest updates as they happen.Email your questions and podcasts ideas to bytesizedhumangeo@gmail.comListener Notes: Ecumene -  (Greek term) habitable part of the Earth Great chunks of Earth aren't habitable 70% is water, of the land surfaces 30% are desertsMost stats say we live on about 2% of the Earth's surfaceAgricultural density - higher the number, the more people are involved in food production; lower, less.  Tells you about development of a region.  Higher = less developed, less technology, more people have to work to bring in the harvest.  Also tells you lower education levels across the board — you don't have time for school if you are trying to feed your family.Lower = more developed, more technology, GIS, amazing machines, high tech stuff!  Fewer people are needed leaving them to pursue other interests like education; also leads to rise in leisure time Comparison - 2-3% of United States are directly involved in agricultural production India, China, most Sub-Saharan Africa - 60% involved in agricultureCountries cannot continue to develop unless you get food supply is stabilizedHigh Agricultural Density - Subsistence Farming More people are fed by this than any other type of farming, just enough to feed your family, most farmers are women.Think about the social standing of women in most LDCs-very low, not able to own land, get loans, buy equipment Uses a process called shifting cultivation—“slash and burn”, not the same as letting field lay fallow Process = Cut trees -> burn and nutrients go into soil ->lasts only for a few seasons and then farmers have to shift.Because of low education levels, poor farming practices, lots of waste at production end, raw food never makes it to marketLow Agricultural Density - Commercial FarmingHighly technical, tons of schooling involved, not just putting something in the ground and watching it growHigh tech - drones, GIS, GMOs, fertilizers, vertical farming  Agribusiness  own all layers of production which is vertical integration Archer Daniels Midland, Cargill, Nestle, ConagraStrictly regulated/guidelines, have to buy their seeds, chemicals, etc.Final Thoughts -  in LDCs 30% raw food rots before it can get to market due to poor infrastructure - roads, bridges in bad shape;  in MDCs - 50% of food is thrown out at the point of consumption — its never eaten. think about water waste, chemical waste;  Experiment — Look at your dairy and food with expiration dates.  Use your senses rather than the date before you throw it out.  This is a great way to help you reduce your food waste.Books - Michael Pollan - The Omnivore's Dilemma, CookedDocumentaries - Cooked on Netflix (my favorite episode is “Water”)

Leaders from Archer Daniels Midland, Danone, Herman Miller, Mars, Perdue and more share how their companies are marking the 50th anniversary, while keeping their sights firmly focused on addressing COVID-19.

This week's topics include precision beekeeping for pollinating crops, South Dakota's zoning laws and how they affect agriculture and a recent announcement: Agweek's parent company acquired Agri News out of Rochester, MN and we will become one team in March of 2020. This week's guest is Tim Tigges from Archer Daniels Midland in Casselton, ND. 

The 2019 Kondinin Group, ABC Rural Farmer of the Year Award winner announced, SA Dairyfarmers Association President dismisses the proposed 11 cent levy on milk as a band-aid solution and grain trader Archer Daniels Midland has opened its first grain bulk handling site in Australia near Port Pirie.

Scott talks with an Archer Daniels Midland representative about how the lack of Mississippi River transportation is hitting Midwest farmers and related agriculture businesses. Chippewa County University of Wisconsin-Extension agriculture agent Jerry Clark also stops in to talk about the potential for switching crop varieties as spring crop-planting delays continue. See omnystudio.com/listener for privacy information.

In January, the world’s largest law firm, Baker McKenzie, announced that it had hired two leading thinkers on legal innovation, Jae Um and D. Casey Flaherty, to help the firm “enhance and reimagine the delivery of legal services to global clients.” They join a team led by David Cambria, who last year left Fortune 50 company Archer Daniels Midland to become the firm’s global director of legal operations. On this episode of LawNext, Um and Flaherty join host Bob Ambrogi to discuss their new roles and share their thoughts on innovation at Baker McKenzie and in the delivery of legal services.   Um, who joined Baker McKenzie as director of pricing strategy, has more than 12 years of cross-functional experience in legal business. Most recently, she was founder and executive director of Six Parsecs, a company that applied research rigor, business analytics and storytelling to help legal businesses achieve success. Before that, she was at the law firm Seyfarth Shaw, where she was director of strategic planning and analysis and, earlier, director of special projects. She is a regular contributor to the publication Legal Evolution. Flaherty, who joined Baker McKenzie as director of legal project management, first rose to prominence while corporate counsel at Kia Motors for creating the Legal Tech Audit, a competency-based learning platform focused on the core technology tools of legal practice, and later the Service Delivery Review, using metrics and benchmarking to drive structured dialogue and continuous improvement between law departments and outside counsel. Based on these concepts, he founded Procertas, providing technology training and benchmarking to law firms, law schools, and other organizations. NEW: We are now on Patreon! Subscribe to our page to be able to access show transcripts, or to submit a question for our guests. Comment on this show: Record a voice comment on your mobile phone and send it to info@lawnext.com.

One Chicago-based grain processor Archer Daniels Midland expects the US-China trade war to be resolved, easing the pressure on US soyabean farmers, who have suffered under tariffs imposed on exports to China. Gregory Meyer, US markets reporter, talks to Eric Krupke about what effect the trade war has had on the US soyabean market and where the trouble began.Contributors: Aimee Keane, US audio editor, Gregory Meyer, US markets reporter. Producer: Eric Krupke See acast.com/privacy for privacy and opt-out information.

Snap stems its user declines and claws back losses, Apple gets a new boss for its retail stores and the US becomes the biggest supplier of oil to the UK for the first time since the Suez crisis. Plus, the FT’s Gregory Meyer explains how US soyabean farmers have been caught in the middle of the trade war with China, and what grain processor Archer Daniels Midland predicts for the year ahead. See acast.com/privacy for privacy and opt-out information.

Retired agent Robert Herndon served in the FBI for 28 years. Before joining the Bureau, he was employed as a CPA. In this episode of FBI Retired Case File Review, Herndon reviews an anti-trust corporate fraud investigation involving Archer Daniels Midland, a global food processing corporation operating a price-fixing scheme to steal millions of dollars from its customers. Herndon also discusses Mark Whitacre, his rogue cooperating witness who had a hidden agenda that nearly destroyed the careers of Herndon and his co-case agent. The case, code-named Operation Harvest King, was the subject of the true crime thriller The Informant by Kurt Eichenwald and a feature film by the same name, starring Matt Damon. During his FBI career, in addition to the ADM investigation, Herndon worked several other major cases, to include the first prosecution of a U.S. District Court Judge on bribery charges; the national health care fraud case of the year – a case in which a pharmacist purposely diluted chemotherapy drugs for profit. He received the Attorney Generals Award for Distinguished Service; was the Agent of the Year, and an award from the Director of the CIA following a three-year deep undercover assignment focused on a foreign adversary. He retired as a supervisor overseeing complex financial crime cases in the Kansas City Division. After spending nearly three years traveling the world investigating bribery and financial integrity matters for Walmart.  Currently, Bob Herndon is President of The WCC Group, LLC - an entity that conducts employment background investigations; financial integrity reviews; and provides presentations and training to professional groups.       Get the FBI Reading Resource - Books about the FBI, written by FBI agents, the 20 clichés about the FBI Reality Checklist, and keep up to date on the FBI in books, TV, and movies via my monthly email. Join my Reader Team here.   Jerri Williams, a retired FBI agent, author and podcaster, attempts to relive her glory days by writing crime fiction about greed and hosting FBI Retired Case File Review, a true crime/history podcast. Her novels—Pay To Play and Greedy Givers—inspired by actual true crime FBI cases, feature temptation, corruption, and redemption, and are available at Amazon. 

Retired agent Robert Herndon served in the FBI for 28 years. Before joining the Bureau, he was employed as a CPA. In this episode of FBI Retired Case File Review, Herndon reviews an anti-trust corporate fraud investigation involving Archer Daniels Midland, a global food processing corporation operating a price-fixing scheme to steal millions of dollars from its customers. Herndon also discusses Mark Whitacre, his rogue cooperating witness who had a hidden agenda that nearly destroyed the careers of Herndon and his co-case agent. The case was the subject of the true crime thriller The Informant by Kurt Eichenwald and a feature film by the same name, starring Matt Damon. During his FBI career, in addition to the ADM investigation, Herndon worked several other major cases, to include the first prosecution of a U.S. District Court Judge on bribery charges; the national health care fraud case of the year – a case in which a pharmacist purposely diluted chemotherapy drugs for profit. He received the Attorney Generals Award for Distinguished Service; was the Agent of the Year, and an award from the Director of the CIA following a three-year deep undercover assignment focused on a foreign adversary. He retired as a supervisor overseeing complex financial crime cases in the Kansas City Division. After spending nearly three years traveling the world investigating bribery and financial integrity matters for Walmart.  Currently, Bob Herndon is President of The WCC Group, LLC - an entity that conducts employment background investigations; financial integrity reviews; and provides presentations and training to professional groups.       Join my Reader Team to get the FBI Reading Resource - Books about the FBI, written by FBI agents, the 20 clichés about the FBI Reality Checklist, and keep up to date on the FBI in books, TV, and movies via my monthly email. Join here.   Jerri Williams, a retired FBI agent, author and podcaster, attempts to relive her glory days by writing crime fiction about greed and hosting FBI Retired Case File Review, a true crime/history podcast. Her novels—Pay To Play and Greedy Givers—inspired by actual true crime FBI cases, feature temptation, corruption, and redemption, and are available at Amazon. 

In this episode, you'll hear Dr. Leslie Braksick, Co-Founder of My Next Season, share her advice for preparing for executive leadership. To download the show notes or to see a transcript of the lesson, go to http://www.l3leadership.org/episode211Learn more about Leslie: https://lesliebraksick.com/L3 One Day Leadership Conference: http://www.l3oneday.comAbout Dr. Leslie Brakscik: Professionally, Dr. Leslie Braksick is a veteran CEO coach, entrepreneur, consultant, author, educator, keynote speaker, and board member. Personally, she is a wife, mother, community leader, and philanthropist.Dr. Braksick is a resource often tapped by top executives and boards to provide coaching, insight, and advising during times of strategically important transition and intense strategic change. Her work often involves preparing EVPs for C-suite succession including coaching them during their early years at the helm. Her coaching clients have included senior-most executives at General Electric, Bell Atlantic, ExxonMobil, H.J. Heinz, The Hartford, Tenet Healthcare, Chevron, Archer Daniels Midland, and dozens of others.Dr. Braksick’s books and articles are widely used and trusted by companies and business schools to teach leadership and to showcase exemplary corporations that have successfully transformed their performance by focusing on behavior and leading through change.Subscribe to our podcast on iTunes: https://itunes.apple.com/us/podcast/l3-leadership-podcast-leadership-entrepreneurship-business/id495751888?mt=2 Listen on Tunein: http://tun.in/piVUO Subscribe to our podcast on Stitcher: https://www.stitcher.com/podcast/learning-to-lead-podcast Subscribe on Google Play: https://play.google.com/music/listen?u=0#/ps/Iehhmsctsgmvmoyvhxsv6yfzoiu L3 Leadership exists to build and develop a community of leaders that grow to their maximum potential, develop the courage to pursue their dreams, and to become great leaders in their families, communities, cities, nations, and their world. If you have an idea for a future podcast you would like to hear or a leader you would like me to interview, e-mail me at dougsmith@l3leadership.orgSupport the show (https://www.patreon.com/l3leadership)

Creating an In-house Legal Department of Value Cameron Findlay is the SVP General Counsel and Secretary at Archer Daniels Midland (ADM), the largest food processor in the world.  The legal department Cam leads has been recognized as one of ‘Corporate Counsel’s 2018 Best’ for executing change; notably firm convergence, upgraded matter management and insourcing. Wanting the legal department to be a value center for ADM, Cam and his team set out to preserve and affect value where they could.   At the outset current spend and therefore savings goals weren’t clear, but ADM knew they needed to spend less and put better controls in place. Their efforts were less about innovation and more about executing change, applying ideas that had been used elsewhere. When they looked at spend, a key factor was a total spend of which 85% was being spent on outside firms, and 15% was being spent on in-house work.  The iceberg effect was in full force, ADM’s time and effort were being spent managing the 15% above the surface with little time and effort focused on the 85%, below the surface.    By seeing and focusing on the 85% they were able to implement change and achieve real savings. Educating and changing the mindset that a small in-house staff does not equate to lower legal spend; Cam and his team educated their colleagues on a more effective process, showing business leaders that a larger in-house team would create savings.  While the naming of panel firms is a suggestion, not a limitation, and that 100% compliance to matter management is a challenge a hurdle that pays off.  Technology is a great enabler to practicing higher value law, focusing on matters that matter and having the data to better manage matters and matter cost.  We can’t underestimate the impact of technology on the legal profession. Outside counsel guidelines, agreeing to a specific rate structure, and concentrating work with a smaller group of firms in exchange for a value agreement is a culture change.  Budget certainty for in-house teams and volume-based incentives for firms requires communication and culture; as a profession, the legal industry needs to do a better job up front as to what ‘work’ will cost.  Firms add value when they proactively present cost saving and fee arrangement ideas, getting in front of alternatives; that proactive management matters. Cam commented on the rise of activism putting pressure on companies to change the agreements they have with law firms; that every organization will have to do more with less. Today there is an opportunity to disaggregate the legal process to a variety of resources – contract lawyers, non-lawyer professionals, and that opportunity exists to utilize alternative providers. Cam and others are asking firms to understand the spirit in which they are entering into agreements and to come up with innovative ways to provide great legal service at a lower cost. Cameron Findlay has been the General Counsel for three important organizations after a career in private practice and government – which included time as a law clerk for Justice Scalia.  Cameron Findlay Bio

Mattttttttttttt Daaaaaaaamoooooon in the informant played Mark Whitacre which has a promising career with agricultural corporation Archer Daniels Midland, but the espionage fanatic decides to turn his life on its head by bringing them down from the inside. After informing the FBI that ADM are involved in a price-fixing conspiracy, Whitacre agrees to wear a wire and investigate his employers on their behalf. We also talk about Joaquin Phoenix Joker origin movie test teaser , Kathleen Kennedy gets an extension , and Tim Allen talks about how hard it was to finish the final scene of Toy Story 4. Check it out ! and comment please. 

Everywhere we look fiat currencies are burning down. What is the market telling us? Is something big about to happen. Every time the US Dollar goes higher, it's bad news for some country. While it might be affecting gold and cryptos negatively, the trend won't continue indefinitely. As we have seen over and over again, not only does the tree not grow to the sky, but markets have a nasty way of punishing investors who refuse to accept this immutable fact.  As Ned predicted last month on this show, the Chinese have an insatiable appetite for soybeans. And while they were only too happy to levy reciprocal tariffs on US soybean products, it seems to have blown up in their faces. Unless they want to reduce beef and pork production, there's only one place to go, the good old USofA. Could Trump have known this already. More fun to follow.  Ned has some great ag picks in addition to perennial favorite Archer Daniels Midland. Eli Lily is about to spin off their ag biz and it promises to be a major home run for those savvy enough to recognize it as such. And Ned doesn't believe all those nasty things they've been saying about Roundup!

Everywhere we look fiat currencies are burning down. What is the market telling us? Is something big about to happen. Every time the US Dollar goes higher, it's bad news for some country. While it might be affecting gold and cryptos negatively, the trend won't continue indefinitely. As we have seen over and over again, not only does the tree not grow to the sky, but markets have a nasty way of punishing investors who refuse to accept this immutable fact. As Ned predicted last month on this show, the Chinese have an insatiable appetite for soybeans. And while they were only too happy to levy reciprocal tariffs on US soybean products, it seems to have blown up in their faces. Unless they want to reduce beef and pork production, there's only one place to go, the good old USofA. Could Trump have known this already. More fun to follow. Ned has some great ag picks in addition to perennial favorite Archer Daniels Midland. Eli Lily is about to spin off their ag biz and it promises to be a major home run for those savvy enough to recognize it as such. And Ned doesn't believe all those nasty things they've been saying about Roundup!

Everywhere we look fiat currencies are burning down. What is the market telling us? Is something big about to happen. Every time the US Dollar goes higher, it's bad news for some country. While it might be affecting gold and cryptos negatively, the trend won't continue indefinitely. As we have seen over and over again, not only does the tree not grow to the sky, but markets have a nasty way of punishing investors who refuse to accept this immutable fact. As Ned predicted last month on this show, the Chinese have an insatiable appetite for soybeans. And while they were only too happy to levy reciprocal tariffs on US soybean products, it seems to have blown up in their faces. Unless they want to reduce beef and pork production, there's only one place to go, the good old USofA. Could Trump have known this already. More fun to follow. Ned has some great ag picks in addition to perennial favorite Archer Daniels Midland. Eli Lily is about to spin off their ag biz and it promises to be a major home run for those savvy enough to recognize it as such. And Ned doesn't believe all those nasty things they've been saying about Roundup!

Everywhere we look fiat currencies are burning down. What is the market telling us? Is something big about to happen. Every time the US Dollar goes higher, it's bad news for some country. While it might be affecting gold and cryptos negatively, the trend won't continue indefinitely. As we have seen over and over again, not only does the tree not grow to the sky, but markets have a nasty way of punishing investors who refuse to accept this immutable fact.  As Ned predicted last month on this show, the Chinese have an insatiable appetite for soybeans. And while they were only too happy to levy reciprocal tariffs on US soybean products, it seems to have blown up in their faces. Unless they want to reduce beef and pork production, there's only one place to go, the good old USofA. Could Trump have known this already. More fun to follow.  Ned has some great ag picks in addition to perennial favorite Archer Daniels Midland. Eli Lily is about to spin off their ag biz and it promises to be a major home run for those savvy enough to recognize it as such. And Ned doesn't believe all those nasty things they've been saying about Roundup!

In this episode of the L3 Leadership podcast, you will hear our interview with Dr. Leslie Brasick. In part 2, in episode 190, you'll hear our lightning round with Leslie as well as her thoughts on faith, money. For links to everything we discuss in the interview, go to the show notes at: http://www.L3Leadership.org/episode190. In part 1 of the interview, you'll hear us talk about executive leadership, sales, succession, advice for leaders moving onto their next season, and more. You can listen to that here: http://www.l3leadership.org/episode189 About Dr. Leslie Braksick: Professionally, Dr. Leslie Braksick is a veteran CEO coach, entrepreneur, consultant, author, educator, keynote speaker, and board member. Personally she is a wife, mother, community leader, and philanthropist. Dr. Braksick is a resource often tapped by top executives and boards to provide coaching, insight, and advising during times of strategically important transition and intense strategic change. Her work often involves preparing EVPs for C-suite succession including coaching them during their early years at the helm. Her coaching clients have included senior most executives at: General Electric, Bell Atlantic, ExxonMobil, H.J. Heinz, The Hartford, Tenet Healthcare, Chevron, Archer Daniels Midland, and dozens of others. Dr. Braksick’s books and articles are widely used and trusted by companies and business schools to teach leadership and to showcase exemplary corporations that have successfully transformed their performance by focusing on behavior and leading through change. Subscribe to our podcast on iTunes: https://itunes.apple.com/us/podcast/l3-leadership-podcast-leadership-entrepreneurship-business/id495751888?mt=2 Listen on Tunein: http://tun.in/piVUO Subscribe to our podcast on Stitcher: https://www.stitcher.com/podcast/learning-to-lead-podcast Subscribe on Google Play: https://play.google.com/music/listen?u=0#/ps/Iehhmsctsgmvmoyvhxsv6yfzoiu L3 Leadership exists to build and develop a community of leaders that grow to their maximum potential, develop the courage to pursue their dreams, and to become great leaders in their families, communities, cities, nations, and their world. If you have an idea for a future podcast you would like to hear or a leader you would like me to interview, e-mail me at dougsmith@l3leadership.org.Support the show (https://www.patreon.com/l3leadership)

In this episode of the L3 Leadership podcast, you will hear our interview with Dr. Leslie Brasick. In part 1 of the interview, you'll hear us talk about executive leadership, sales, succession, advice for leaders moving onto their next season, and more. In part 2, in episode 190, you'll hear our lightning round with Leslie as well as her thoughts on faith, money. You can listen to that here: http://www.l3leadership.org/episode190 For links to everything we discuss in the interview, go to the show notes at http://www.L3Leadership.org/episode189. About Dr. Leslie Braksick: Professionally, Dr. Leslie Braksick is a veteran CEO coach, entrepreneur, consultant, author, educator, keynote speaker, and board member. Personally, she is a wife, mother, community leader, and philanthropist. Dr. Braksick is a resource often tapped by top executives and boards to provide coaching, insight, and advising during times of strategically important transition and intense strategic change. Her work often involves preparing EVPs for C-suite succession including coaching them during their early years at the helm. Her coaching clients have included senior-most executives at General Electric, Bell Atlantic, ExxonMobil, H.J. Heinz, The Hartford, Tenet Healthcare, Chevron, Archer Daniels Midland, and dozens of others. Dr. Braksick’s books and articles are widely used and trusted by companies and business schools to teach leadership and to showcase exemplary corporations that have successfully transformed their performance by focusing on behavior and leading through change. Subscribe to our podcast on iTunes: https://itunes.apple.com/us/podcast/l3-leadership-podcast-leadership-entrepreneurship-business/id495751888?mt=2 Listen on Tunein: http://tun.in/piVUO Subscribe to our podcast on Stitcher: https://www.stitcher.com/podcast/learning-to-lead-podcast Subscribe on Google Play: https://play.google.com/music/listen?u=0#/ps/Iehhmsctsgmvmoyvhxsv6yfzoiu L3 Leadership exists to build and develop a community of leaders that grow to their maximum potential, develop the courage to pursue their dreams, and to become great leaders in their families, communities, cities, nations, and their world. If you have an idea for a future podcast you would like to hear or a leader you would like me to interview, e-mail me at dougsmith@l3leadership.org.Support the show (https://www.patreon.com/l3leadership)

The "Money Talks" experts answer listeners’ questions on intermediate term bond funds, agricultural commodities processor Archer Daniels Midland, and options for long-term care other than nursing homes.

This week on "Money Talks," Managing Associate, D.J. Barker, CWS®, joins anchors Troy Harmon, CFA, CVA, and Bil Lako, CFP® to discuss the market’s pullback, and several economic releases, including U.S. Personal Income and consumer confidence, and the Federal Market Open Committee meeting. The show’s hosts also take a closer look at how the Tax Cuts and Jobs Act changed the Kiddie Tax and highlight what you need to know if your child has unearned income. The experts round out the show answering listeners’ questions on intermediate term bond funds, agricultural commodities processor Archer Daniels Midland, and options for long-term care other than nursing homes.

Hear from long-time legal ops leader David Cambria about his current role at ADM, a publicly-traded commodity trading corporation, his advice for law firms about what it takes to secure a place in a preferred provider program today, and where he sees the legal ops field headed. 

P3 — The Practice Innovation Conference and the LMA Client Value Shared Interest Group (SIG) are back with a brand-new edition of the P3cast series. The Call for Ideas for the 2018 conference closes on Oct. 16, 2017 so get your ideas in! In this episode, 2018 P3 Conference Co-chair Christopher Ende (Law firm pricing and panel management leader, GE Corporate) is joined by Melissa C. Prince, Esq. (director of pricing and legal project management, Ballard Spahr LLP) and David Cambria (director of global operations - law, compliance and government relations, Archer Daniels Midland) to talk about the conference's newest educational track: Professional Development. The panel covers everything from networking to people management. Thanks for listening! To learn more about the 2018 P3 Conference, May 14-16, visit LMA's website: bit.ly/2fJ2gM2.

'The top executives from Enron, WorldComm, and ADM — we went to jail for narcissism.' Mark Whitacre was the FBI informant in one of the biggest price-fixing cases in US history, against global food conglomerate Archer Daniels Midland. While undercover, he was convicted for embezzlement, lost his whistleblower immunity, and spent almost a decade in federal prison. Whitacre is played by Matt Damon in the film The Informant!, and today, spreads his story of redemption and second chances.

Patricia A. Woertz is chairman of the board of directors and chief executive officer of Archer Daniels Midland Company. She joined ADM as CEO and president in April 2006. She was named chairman of the board in February 2007. Since joining ADM, Woertz has led the company to record financial results while growing its sourcing, transportation and processing networks through select acquisitions, strategic capital investments, and a number of global joint ventures and partnerships. She has also worked with ADM's board and senior leadership to strengthen the Company's strategic focus and planning, and to promote safety, continuous learning and sustainability initiatives companywide. Woertz began her career as a certified public accountant with Ernst & Ernst — later Ernst & Young — in Pittsburgh. Attracted to the complexity and opportunity of a global company, she joined Gulf Oil Corporation in 1977, where she held various positions in refining, marketing, strategic planning and finance. Following the merger of Gulf and Chevron in 1987, Woertz led international operations and a global workforce as president of Chevron Canada and, later, Chevron International Oil Company. With the merger of Chevron and Texaco in 2001, she was named executive vice president in charge of the company's global refining, marketing, lubricant, and supply and trading operations. She serves on the board of directors of The Procter & Gamble Company and the U.S.-China Business Council, and she chairs the U.S. section of the U.S.-Brazil CEO Forum. She is also a member of the International Business Council of the World Economic Forum and The Business Council. In 2010, she was appointed to the President's Export Council by President Obama. Woertz holds a Bachelor of Science in accounting from The Pennsylvania State University, which awarded her its highest recognition for alumni.