Archer-Daniels (ADM) Shuts Brazilian Plant Amid Global Restructuring and Financial Headwinds

Archer-Daniels-Midland Company (NYSE:ADM) is one of the best farmland and agriculture stocks to buy according to billionaires. On July 17, Archer Daniels Midland (ADM) announced the closure of its Três Corações manufacturing plant in Brazil, ending its pet food production in the country.

The site, which also produced livestock and aqua feed, will cease operations as part of ADM’s global strategy to simplify its portfolio and realign assets with future goals. About 900 employees across the facility and other locations will be affected. ADM will continue its pet business operations in other regions.

The shutdown aligns with ADM’s broader cost-cutting plan revealed in February, aiming to save $500–700 million over five years. These measures respond to global market uncertainties and declining financial performance. In 2024, ADM reported an 8.9% revenue drop to $85.5 billion, with net profit falling 47% to $1.8 billion. The downturn persisted into Q1 2025, with net earnings plunging 59.5% year-over-year.

Archer-Daniels-Midland Company (NYSE:ADM) focuses on sourcing, processing, and distributing major crops like soybeans, corn, and wheat. It serves a vital role in the global food supply chain by providing essential ingredients and agricultural feedstock to markets around the world.

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Disclosure: None. This article is originally published at Insider Monkey.