Friday, November 9, 2012

~~~~~~~~HUNGER: First Course VIDEO~~~~~~~~

SEEDS OF FREEDOM

Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus, commonly referred to as the "ABCDs," and which collectively control anywhere from 75 to 90 percent of global grain trade -- are still reaping massive profits amid the global food crisis... In 2011 when food prices peaked at record highs, ADM (NYSE: ADM) reported a net profit of $2.04 billion, a 5 percent increase, on revenue that rose more than 30 percent to over $80 billion. Privately-held Cargill's revenue rose to $119.5 billion (+18 percent) for the year, while profit jumped 35 percent to $2.7 billion. Bunge (NYSE: BG) experienced falling profit that year amid competition with the other companies, but still had net income of $942 million on revenue of 58 billion. Dreyfus does not disclose its profits.

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