(Bloomberg) — Archer-Daniels-Midland Co., the world's largest corn processor, received regulatory approval from the U.S. Federal Aviation Administration to fly drones that will locate and assess crop damage.

Using drones will help expedite the processing of crop-insurance claims, the Chicago-based company said in a statement Wednesday.

"We are on track to have this technology in the air for our customers next year," Greg Mills, president of ADM's Crop Risk Services unit, which offers insurance, said in the statement.

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