The city of Decatur, Illinois, will no longer be home to the headquarters of global food giant Archer Daniels Midland. ADM is moving its headquarters to a new, as yet unannounced, location.

About 4,400 ADM employees will continue to work in Decatur, some in a new ADM logistics facility.

But the departure of the ADM headquarters leaves Decatur — informally known as the soybean capital of the world — in an even more precarious position economically.

It has a shrinking population and twice the national unemployment rate.

Decatur Mayor Mike McElroy joins Here & Now to share his reaction.