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  • The rise of GMO corn has cost grain companies $427M, report says [View news story]
    The headline "rise of GMO corn" is misleading in this case. This issue was caused by one seed company selling seed corn to farmers with a GMO trait that had not yet been approved by the Chinese Government. This has been an irresponsible action that has damaged the entire US grain industry, but it should not be generalized as an incrimination of the broader GMO seed industry.
    Apr 12 01:27 AM | Likes Like |Link to Comment
  • Archer Daniels Midland's (ADM) sweetened bid for Australia's GrainCorp (GRCLF.PK) is "still not enough for the irreplaceable nature of GrainCorp’s assets,” an RBS Morgans analyst says. The revised offer represents an EV/EBITDA multiple of 8.5x, well below an average agribusiness acquisition multiple of 9.5x-9.7x, the firm says. [View news story]
    How does the ebitda multiple of ADM compare to what they are proposing to pay for GrainCorp?
    Dec 4 04:42 AM | Likes Like |Link to Comment