| 1923 |
The Company hires its first chemist for research. The Midland Linseed Products Company purchase occurs; the Company’s name changes to Archer Daniels Midland Company. |
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| 1924 |
John W. Daniels leaves his position as president and becomes chairman. Shreve M. Archer is named president. |
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| 1925 |
The Company builds its first concrete grain elevator in Minneapolis. |
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| 1927 |
The Armour Grain Company is purchased, forming ADM’s grain division. |
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| 1928 |
ADM has a record $8.036 per share earnings. |
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| 1929 |
ADM purchases the Werner G. Smith Company of Cleveland, Ohio, the country’s largest manufacturer of core oils. ADM starts crushing soybeans in its Toledo and Chicago plants, becoming a leader in the rapid development of soybeans in the United States. ADM acquires the Commander Larabee Corporation, one of the largest flour milling operations in America at the time. |
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| 1931 |
John W. Daniels passes away and George A. Archer is named chairman. |
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| 1932 |
George Archer passes away. During 1932 – 1947, ADM president Shreve Archer serves in the capacity of chairman, although he did not have the title. |
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| 1933 |
ADM begins the manufacturing of formula feeds. |
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| 1934 |
ADM installs the first continuous solvent extraction unit in the United States at the Chicago plant and begins the solvent extraction of soybeans. |
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| 1935 |
ADM achieves a record net profit after income tax and depreciation (hereafter referred to as “net earnings”) of $2,525,745 dollars. |
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| 1939 |
ADM begins construction of what was then the world’s largest solvent extraction plant at Decatur, Illinois. |
