ADM 2013 Shareholder Letter Annual Results

Archer Daniels Midland's 2013 shareholder message reports net income of $1.34 billion and adjusted operating profit of $2.95 billion, reflecting improved performance across grain processing, ethanol, sweeteners and starches segments. The company details strategic cost reduction initiatives (targeting $200 million in 2013), cash generation ($2+ billion), and capital allocation focused on geographic expansion in South America, Europe and North America. Management emphasizes disciplined capital deployment and dividend increase of 26% to 24 cents per share.