ADM Sold Grain Plant to Perdue for Fraction of Estimated Value

ADM sold $5.5M property to Sonny Perdue for $250,000 weeks after Trump tapped him as Secretary of Ag

PIXABAY
PIXABAY

ADM sold a grain storage plant worth millions of dollars for $250,000 to Sonny Perdue weeks after then-President Donald Trump tapped him to lead the U.S. Department of Agriculture, theWashington Postreported Tuesday.

1200px Sonny Perdue Field Portrait
Sonny Perdue, via Wikipedia

ADM had paid more than $5.5 million for the South Carolina property six years earlier, thePostsaid.

ADM spokesperson Jackie Anderson told thePostthe company did not sell the plant at a discount. ADM began negotiations with Perdue's former company, AGrowStar, in 2015 before Trump was elected, she said.

Page 1 of 345
Next Page