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Overtime with Mike Adams

RSS By: Mike Adams, AgWeb.com

The AgriTalk broadcast is done for today, but the conversation continues. AgriTalk host Mike Adams shares his thoughts and opinions on the news of the week and invites your feedback.

Pretty Good for a Bad Deal

Sep 25, 2013

The recent announcement by ADM that they were creating a new world headquarters in another city must have been quite a shock to people in Decatur, Illinois.  Anyone living in a community that has lost businesses and jobs knows that feeling.  The ripple effect on other businesses, school districts and community morale is significant.  I live in a community near Decatur that is still dealing with those kinds of losses.  While I could feel their pain a closer look seems to indicate the news isn't all bad for Decatur.  While losing 100 jobs, 4400 remain.  ADM has announced it will establish a new intermodal transportation facility that could attract new businesses and create more jobs.  Also, ADM announced it will maintain its current level of charitable contributions at a minimum level of $ 1 million a year for the next 10 years and $ 500,000 a year for 5 years to Decatur public schools.  In addition ADM pledged $ 250,000 a year for 3 years to help economic development efforts.  While no town wants to lose jobs, I'm sure a lot of communities around the country that have, wish their bad news was as good as Decatur's.

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