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 - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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