ADM 2016 Shareholder Letter

Archer Daniels Midland (ADM) shareholder letter detailing 2016 financial performance and operational results. The company discusses its three-part business strategy focused on optimizing current operations, improving operational efficiency to reduce costs, and pursuing strategic growth through market expansion and acquisitions. ADM achieved over $300 million in cost reductions, approximately $540 million in incremental revenue from recent investments, and returned $1.7 billion to shareholders through dividends and share repurchases.