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ADM and its signature project have never lacked friends in high places, despite a history of price fixing scandals and monopolistic misdeeds. The Andreas family, which has headed up the publicly-traded company for decades, has cultivated bipartisan support through generous donations to both Republicans and Democrats. Since the 2000 election cycle, ADM has given more than $3 million in political contributions, according to the Center for Responsive Politics: $1.2 million to Democrats and $1.85 million to Republicans. These donations may have helped sustain a multitude of government subsidies to ADM, including ethanol tax credits, tariffs against foreign ethanol competitors, and federally mandated ethanol additive standards.
Politicians from the Midwestern Corn Belt are some of the company's staunchest allies. Senators Richard Durbin, Charles Grassley, and Tom Harkin, and Representative Dick Gephardt have consistently supported lavish federal tax subsidies to ethanol...
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