Archer Daniels Fined Over Clean-Air Rules

Archer Daniels Midland Co. agreed to pay a $1.46-million fine for violating federal and Illinois clean-air rules at its hometown feed plant and to spend $1.6 million to reduce air pollution at the facility, the U.S. government said. Officials accused ADM, one of the world’s largest grain and oilseed producers, of modifying its Decatur, Ill., feed plant without getting a permit. As part of the settlement, ADM will install new scrubbers at the plant to cut air pollution from two feed dryers. ADM confirmed it had agreed to pay the fine and did not comment further. Shares of ADM fell 6 cents to close at $14.31 on the NYSE.