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 Cargill Malt in Sheboygan, Wisconsin | |
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1865 |
| Founder | William Wallace Cargill |
| Headquarters | Minnetonka, Minnesota, U.S. |
Area served | Worldwide |
Key people | Brian Sikes (chairman and CEO) |
| Products | Agricultural services, crop and livestock, food, health and pharmaceutical, industrial and financial risk management, raw materials |
| Revenue |  US$165 billion (2022)[1] |
| US$43.204 billion (2018)[2] | |
| US$4.93 billion (2021)[3] | |
| Total assets | US$59.2 billion (2018)[2] |
| Owner | Cargill family (88%) |
Number of employees | 155,000 (2023)[4] |
| Website | www |
Cargill, Incorporated is an American multinational food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware.[5][6][7] Founded in 1865 by William Wallace Cargill, it is the largest privately held company in the United States in terms of revenue.[4]
Some of Cargill's major businesses are trading, purchasing and distributing grain and other agricultural commodities, such as palm oil; trading in energy, steel and transport; raising livestock and production of feed; and producing food ingredients such as starch and glucose syrup, vegetable oils and fats for application in ultra-processed foods and industrial use. Cargill also has a large financial services arm, which manages financial risks in the commodity markets for the company. In 2003, it split off a portion of its financial operations into Black River Asset Management, a hedge fund with about $10 billion of assets and liabilities. It previously owned two-thirds of the shares of The Mosaic Company (sold off in 2011), a producer and marketer of concentrated phosphate and potash crop nutrients.
Cargill reported gross revenues of $165 billion in 2022.[8] It last reported net profit earnings in 2021, of just below $5 billion.[9] Employing over 160,000 employees[10] in 66 countries, it is responsible for 25% of all United States grain exports. The company also supplies about 22% of the United States domestic meat market, importing more products from Argentina than any other company, and is the largest poultry producer in Thailand. All the eggs used in American McDonald's restaurants pass through Cargill's plants.[11] It is the only US producer of Alberger process salt, which is used in the fast-food and prepared food industries.
Cargill has remained a family-owned business, as the descendants of the founder (from the Cargill and MacMillan families) own over 90% of it.[12] In January 2023, Brian Sikes was appointed to serve as president and CEO. He is the 10th CEO in Cargill's 158-year history.
- ^ "Cargill Annual Report 2022". Cargill, Inc. 2022.
- ^ a b "Cargill Five-Year Financial Summary". Cargill, Inc. July 16, 2018.
- ^ "Cargill fiscal 2021 revenue rises to $134.4 billion". www.reuters.com. August 9, 2021.
- ^ a b "Cargill on the Forbes America's Largest Private Companies List". Forbes. July 2023. Retrieved July 16, 2023.
- ^ Drake Baer (March 2, 2015). "Cargill family has 14 billionaires - Business Insider". Business Insider.
- ^ "Cargill: Our Company - Our History - 1865 - 1899". www.cargill.com.
- ^ "How Delaware Thrives as a Corporate Tax Haven", Leslie Wayne. New York Times. June 30, 2012. Retrieved February 17, 2017
- ^ "Cargill revenues jump 23% in fiscal 2022 | Baking Business". www.bakingbusiness.com. Retrieved January 14, 2023.
- ^ "Crop Giant Cargill Reports Biggest Profit in 156-Year History". Bloomberg.com. August 6, 2021. Retrieved January 14, 2023.
- ^ "Company Overview | Cargill". www.cargill.com. Retrieved January 14, 2023.
- ^ Ferrante, Joan (2014). Sociology: A Global Perspective. Stamford, CT: Cengage Learning. p. 109. ISBN 978-1-285-74649-4.
- ^ Caroline Daniel, Château Cargill throws open its halls, Financial Times, February 26, 2004. Retrieved June 15, 2009.