Patrick Bowe, CEO of The Andersons: from $3 billion to $17 billion in revenues in 3 years
May 18, 2023 at 03:34 pm
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Patrick Bowe, CEO of The Andersons, discusses the agricultural environment: between drought and inflation, players remain cautious about the outlook. Grain prices, which have fallen drastically, are expected to continue to decline, thanks to good weather conditions in Brazil and the US.
The Andersons, Inc. is a diversified company, which is engaged in the operations of agricultural supply chain. The Company operates through three segments: Trade, Renewables, and Nutrient and Industrial. The Trade segment is a diversified business focusing on capturing profits through merchandising and managing logistics across a wide range of commodities. The segment specializes in the movement of physical commodities, such as whole grains, grain products, feed ingredients and domestic fuel products among other agricultural commodities. The Renewables segment produces, purchases, and sells ethanol and co-products, offers facility operations, and provides risk management and marketing services to the ethanol plants it invests and operates. The Nutrient & Industrial segment is a manufacturer, distributor and retailer of agricultural and related plant nutrients, liquid industrial products, corncob-based products, pelleted lime and gypsum products, pesticide, and others.