The way you describe the situation is a little misleading Paul. There is actually a completely new company being created that the coop will own half of. To the best of my understanding ADM contributed most of the money for the rail loop facility while the coop contributed its old grain facilities to form the new company. The coop claims that what they received for the facilities was way above book value and by contributing the facilities instead of cash they did not have to take on extra debt. Also grain marketing is only a part of the coop's business. The farm equipment, agronomy, feed, and other divisions are in absolutely no way controlled or owned by ADM. Don't be so skeptical about not seeing any dividends.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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