PAGE 1 EXHIBIT 23 CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS We consent to the incorporation by reference in the Registration Statement on Form S-8 and related prospectus of Archer-Daniels-Midland Company for the registration of 2,700,000 shares of its common stock pertaining to the ADM Savings and Investment Plan for Salaried Employees and the ADM Savings and Investment Plan for Hourly Employees of Archer- Daniels-Midland Company of our report dated July 31, 1997 with respect to the consolidated financial statements of Archer- Daniels-Midland Company incorporated by reference in its Annual Report (Form 10-K) for the year ended June 30, 1997, filed with the Securities and Exchange Commission. /s/ERNST & YOUNG, LLP ERNST & YOUNG, LLP Minneapolis, Minnesota October 31, 1997 1