Lowell Andreas helped cultivate Archer Daniels Midland Company into a $22 billion corporate wonder, and he did it by using the ol’ bean.
At 80, he’s an American business icon. In 1947, he and brother Dwayne purchased a little soybean processing plant in Mankato, renamed it Honeymead, and rehabbed it into the nation’s largest soybean plant of its type before selling out in the 1960s. Their success story could have ended there, with Lowell basking on a Florida beach, sipping iced tea through a bent straw, and playing endless rounds of golf on Bermuda grass. But it didn’t: he and Dwayne would invest their cash to reinvent American agriculture.Read more