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The Board of Directors and ShareholdersArcher Daniels Midland CompanyDecatur, IllinoisReport of Independent Registered Public Accounting FirmWe have audited management’s assessment, included in the accompanying Management’s Report on InternalControl Over Financial Reporting, that Archer Daniels Midland Company maintained effective internal controlover financial reporting as of June 30, 2007, based on criteria established in Internal Control – IntegratedFramework issued by the Committee of Sponsoring Organizations of the Treadway Commission (the COSOcriteria). Archer Daniels Midland Company’s management is responsible for maintaining effective internal controlover financial reporting and for its assessment of the effectiveness of internal control over financial reporting. Ourresponsibility is to express an opinion on management’s assessment and an opinion on the effectiveness of theCompany’s internal control over financial reporting based on our audit.We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance aboutwhether effective internal control over financial reporting was maintained in all material respects. Our auditincluded obtaining an understanding of internal control over financial reporting, evaluating management’sassessment, testing and evaluating the design and operating effectiveness of internal control, and performing suchother procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonablebasis for our opinion.A company’s internal control over financial reporting is a process designed to provide reasonable assuranceregarding the reliability of financial reporting and the preparation of financial statements for external purposes inaccordance with generally accepted accounting principles. A company’s internal control over financial reportingincludes those policies and procedures that: (1) pertain to the maintenance of records that, in reasonable detail,accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonableassurance that transactions are recorded as necessary to permit preparation of financial statements in accordancewith generally accepted accounting principles, and that receipts and expenditures of the company are being madeonly in accordance with authorizations of management and directors of the company; and (3) provide reasonableassurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of thecompany’s assets that could have a material effect on the financial statements.Because of its inherent limitations, internal control over financial reporting may not prevent or detectmisstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk thatcontrols may become inadequate because of changes in conditions or that the degree of compliance with thepolicies or procedures may deteriorate.In our opinion, management’s assessment that Archer Daniels Midland Company maintained effective internalcontrol over financial reporting as of June 30, 2007, is fairly stated, in all material respects, based on the COSOcriteria. Also, in our opinion, Archer Daniels Midland Company maintained, in all material respects, effectiveinternal control over financial reporting as of June 30, 2007, based on the COSO criteria.We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board(United States), the consolidated balance sheets of Archer Daniels Midland Company as of June 30, 2007 and2006, and the related consolidated statements of earnings, shareholders’ equity, and cash flows for each of the threeyears in the period ended June 30, 2007, of Archer Daniels Midland Company, and our report dated August 24,2007, expressed an unqualified opinion thereon.St. Louis, MissouriAugust 24, 2007/s/ Ernst & Young LLP74
Item 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING ANDFINANCIAL DISCLOSURENone.Item 9A.CONTROLS AND PROCEDURESAs of June 30, 2007, an evaluation was performed under the supervision and with the participation of theCompany’s management, including the Chief Executive Officer and Chief Financial Officer, of the effectivenessof the design and operation of the Company’s “disclosure controls and procedures” (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the Exchange Act)). Based on that evaluation,the Company’s management, including the Chief Executive Officer and Chief Financial Officer, concluded theCompany’s disclosure controls and procedures were effective to ensure that information required to be disclosedby the Company in reports that it files or submits under the Exchange Act is (i) recorded, processed, summarizedand reported within the time periods specified in Securities and Exchange Commission rules and forms and (ii)accumulated and communicated to the CEO and CFO to allow timely decisions regarding required disclosure.There was no change in the Company’s internal controls over financial reporting during the Company’s mostrecently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, theCompany’s internal controls over financial reporting.MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTINGArcher Daniels Midland Company’s (“ADM”) management is responsible for establishing and maintainingadequate internal control over financial reporting, as such term is defined in Exchange Act Rules 13a-15(f).ADM’s internal control system is designed to provide reasonable assurance regarding the reliability of financialreporting and the preparation of financial statements in accordance with generally accepted accounting principles.Under the supervision and with the participation of management, including its principal executive officer andprincipal financial officer, ADM’s management assessed the design and operating effectiveness of internal controlover financial reporting as of June 30, 2007 based on the framework set forth in Internal Control-IntegratedFramework issued by the Committee of Sponsoring Organizations of the Treadway Commission.Based on this assessment, management concluded that ADM’s internal control over financial reporting waseffective as of June 30, 2007. Ernst & Young LLP, an independent registered public accounting firm, has issued anattestation report on management’s assessment of the Company’s internal control over financial reporting as ofJune 30, 2007. That report is included herein./s/ Patricia A. WoertzPatricia A. WoertzChairman, Chief Executive Officerand President/s/ Douglas J. SchmalzDouglas J. SchmalzSenior Vice President &Chief Financial OfficerItem 9B.OTHER INFORMATIONNone.75
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ARCHER DANIELS MIDLAND COMPANY JAHR
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Financial Highlights2007 2006(in mi
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UNITED STATESSECURITIES AND EXCHANG
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Table of ContentsItem No. Descripti
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Item 1.BUSINESS (Continued)Corn Pro
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Item 1.BUSINESS (Continued)Status o
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Item 1.BUSINESS (Continued)The Comp
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German - ADM

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