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ADM donates 135 tons of high-protein meal; opens 'line of credit'

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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:07 PM
Original message
ADM donates 135 tons of high-protein meal; opens 'line of credit'
Edited on Thu Jan-06-05 08:10 PM by Cuban_Liberal
We live close to Decatur IL, where Archer Daniels Midland is headquartered, and our local news just had this story. I'll summarize/paraphrase:

ADM has donated 135 tons of high-protein, soybean-based meal to relief efforts in the nations affected by the 12/26 tsunami; the supplies have already been disatched to the region from ADM stocks on hand in other parts of Asia. In addition, ADM has created 'open lines of credit' for all nations affected by the disaster, to be used for the purchase of food and other products needed for relief and recovery.

No link to the story yet.
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lazarus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:08 PM
Response to Original message
1. Not bad
I'm not a fan of that corp, but that's a Good Thing to do.
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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:09 PM
Response to Reply #1
2. Same here.
It was the right thing for them to do.
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ananda Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:10 PM
Response to Original message
3. protein is good
I'd say long-lasting protein sources would be a good thing for disaster affected regions.

However, I don't understand what 'open lines of credit' means for these nations. Will they have to pay for the food down the line?

Sue
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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:12 PM
Response to Reply #3
5. Probably.
Edited on Thu Jan-06-05 08:15 PM by Cuban_Liberal
The open line of credit simply means that they can get what they need right no w/o paying up front. I'm certain that some payment wil be expected and made, once details of disaster-relief funding are established.
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annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:11 PM
Response to Original message
4. "line of credit?"
color me a little leary of "lines of credit"

The meal donation otoh, very good.
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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:21 PM
Response to Original message
6. Which amino acid will they leave out? Requiring $10^9
of a supplement whose global market they control?

If you liked Halliburton, you'll love ADM.
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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:22 PM
Response to Reply #6
7. Oh, I know all about ADM.
Edited on Thu Jan-06-05 08:22 PM by Cuban_Liberal
I know there's nothing altruistic in what they did, but it's still a good thing.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:25 PM
Response to Original message
8. If it's a nice thing to do, what's up with the 'Citibank' bullshit?
Okay, the donating part is very humanitarian, very Christian.

But line of Credit? Sorry. Only Satan's henchmen would dare be so despicable.

And what better way to give the tinfoilhatters more footing into their belief that this tsunami was by design rather than accident by attempting to profit off of a person's utter demise?
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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:28 PM
Response to Reply #8
9. There's this to consider, however...
Someone is going to have to make the food those folks need right now, and ADM is certainly one of those most capable of doing so. Sometimes you have to make a deal with the devil...

:shrug:
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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 08:58 PM
Response to Original message
10. Bed-time kick.
Peace, y'all. Sleep well.

:)
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LeftyMom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 09:06 PM
Response to Original message
11. Love those GMOs
Mmmmmmm soybean meal, with just a hint of Roundup for flavor. (BTW, how the hell does one prepare soybean based meal? Isn't that primarily a feed addetive for livestock or can this stuff be formed into veggie patties or something?)
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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 09:25 PM
Response to Reply #11
12. I'm not 100% sure, but...
... I *think* it's the gruel-looking stuff you see relief workers scooping out of large pots.
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GAredneck Donating Member (1 posts) Send PM | Profile | Ignore Thu Jan-06-05 09:27 PM
Response to Reply #12
13. hello
a 3 year reader of DU, but a newbie just wanted to say hello
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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 07:30 AM
Response to Reply #13
18. Welcome to DU!
:hi:
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buddhamama Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 07:40 AM
Response to Reply #13
19. Welcome to DU, GAredneck
thanks for coming out of lurk mode and saying hello. hello back :hi:
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muriel_volestrangler Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 09:38 PM
Response to Reply #11
14. Then again, animal feed may be needed too
With saltwater flooding, there may be a lot of fields dying off, and it's probably better to keep livestock that survived alive rather than be forced to slaughter them now.
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Cuban_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 06:11 AM
Response to Reply #14
16. Good point.
:)
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miss_kitty Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-05 10:13 PM
Response to Original message
15. Probably GMO shit
ADM having 'open lines of credit' for all nations affected by the disaster?' That's how they gain more control in those countries. ADM won't be doing anything that doesn't enrich ADM in the long or short run.

Question Authority. Subvert the Dominant Paradigm.
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buddhamama Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 06:28 AM
Response to Reply #15
17. miss_kitty,
You Rock ! :thumbsup: :hi: :loveya:
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