Adm, Rent Seekers to the World!

Lynne Kiesling

Speaking of ethanol and using the political process, Archer Daniels Midland third quarter profits rose by 29 percent:

Archer Daniels Midland Co., one of the world’s largest agriculture processors, said Tuesday its fiscal third-quarter earnings rose 29 percent, driven by an increase in demand for processed oilseeds and corn byproducts such as ethanol. Its shares climbed nearly 5 percent.

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