cargill revenue by country

Cargill is one of the largest U.S. beef processors and last month closed a deal to buy No. . Please do not hesitate to contact me. [68] The protests led to nine people's arrest for trespassing on company property. [73], In 1971, Cargill sold 63,000 tons of seed treated with a methylmercury-based fungicide that eventually caused a minimum of 650 deaths when it was eaten. Cargill is America's largest privately-owned company, surpassing the second place Koch Brothers by billions of dollars in annual revenues. [8] Employing over 166,000 employees in 66 countries, it is responsible for 25% of all United States grain exports. [64] The report found child labor to be widespread on the plantations investigated: every third worker was a child. About Cargill Cargill's 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Cocoa farming and primate extirpation inside The Ivory Coasts protected areas. Funding. Use Ask Statista Research Service. Rising commodity prices have resulted in a significant increase in working capital usage for Cargill with total RMI at $11.1 billion as of Aug. 31, 2021. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Cargill has had 3 exits. During World War II, MacMillan Jr., continued to expand the company, which boomed as it stored and transported grain and built T1 tankers and Towboats ships for the United States Navy. The company's board of directors was reorganized to reduce the number of relatives to six, alongside six independents and five managers. "The World Lost a Belgium-sized Area of Primary Rainforests Last Year", "Clean Air Act Settlement With Cargill, Inc.", "Cargill's NatureWorks Will Pay Fines for Excess Pollutants from Nebraska Plant", "Cargill, Inc., Agrees to Settle Clean Air Act Violations at Vitamin E Manufacturing Facility in Eddyville, Iowa", "Argentina accuses world's largest grain traders of huge tax evasion", "Grain Exporters Owe Argentina 951 Million in Taxes", "Bunge Ltd (BG) 10K Annual Reports & 10Q SEC Filings", List of companies based in MinneapolisSaint Paul, https://en.wikipedia.org/w/index.php?title=Cargill&oldid=1120666509, Food and drink companies established in 1865, Privately held companies based in Minnesota, Food and drink companies based in Minnesota, Agriculture companies of the United States, Family-owned companies of the United States, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Articles containing potentially dated statements from 2016, All articles containing potentially dated statements, Articles with unsourced statements from July 2022, Wikipedia neutral point of view disputes from November 2017, All Wikipedia neutral point of view disputes, Creative Commons Attribution-ShareAlike License 3.0. [19] Cargill underwent turmoil in the following years; its financial unit lost hundreds of millions of dollars in 1998 when Russia defaulted on debt and developing countries began to have financial issues. Try our corporate solution for free! That year, they had a revenue of 134.4 billion U.S . At the end of the first fiscal quarter 2022, Cargill had $0 CP borrowings outstanding and industrial revenue bonds backed by the facilities totaled $720 million. [30][31], In 2016, Cargill completed the commissioning of a feed plant in Bathinda, Punjab, India, and manufactures dairy cattle feed under the Purina brand name. In late April 2009, AQIS lifted Cargill Australia's suspension on its export license. Some 25 types of ground turkey produced under various brand names were affected, and all of the packages in question contained the code "Est. Initially supported by job-seeking locals, public opinion turned against the port as jobs have not appeared. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. In 2021, Cargill was the largest private company in the United States, by revenue. In 1963, Cargill had already negotiated a $40 million wheat deal with the USSR, establishing a relationship that later involved a series of larger deals. Search Jobs Sustainable Cocoa In December 2013 CEO and chairman Page was succeeded by current CEO Dave MacLennan. All 2,100 employees were recommended for virus testing. Cargill Company Stats Industry Food, Soft Beverages, Alcohol &. Three years later, the Minneapolis operation incorporated as Cargill Elevator Co.; some years after that the La Crosse operation incorporated as W. W. Cargill Company of La Crosse, Wisconsin. Industry-specific and extensively researched technical data (partially from exclusive partnerships). [41], The public health authority of Quebec did not shut down a Cargill plant in Chambly south of Montreal on May 10, 2020. Skip to main content. It was previously owned by American Nutrition.[27]. Both rival companies also projected strong earnings through the remainder of 2022. [84][85], In 2019 the six largest agricultural commodity traders, ADM, Bunge, Cargill, LDC, COFCO Int. As World War I continued into 1917, Cargill made record earnings and faced criticisms of war profiteering. The workers are represented by the UFCW. A paid subscription is required for full access. [26], On April 1, 2012, Cargill completed a purchase of a cat and dog food plant in Emporia, Kansas. Cargill reports revenues of $114.695 billion and earnings of $3.103 billion in 2018. Along with meat production, Cargill offers animal nut Read More Phone Number: (800) 227-4455 Website: www.cargill.com Revenue: $134 Billion Cargill's Social Media Is this data correct? [45], On 3 June 2020, Cargill announced that it would no longer publish quarterly results, stopping the disclosures that the company has provided since 1996. Cargill has 166,000 employees, and the revenue per employee ratio is $690,933. It began as a grain trader and later moved into the processing of wheat, corn, soybeans, cocoa, beef, poultry and much more. . [11] In 1962, Cargill rejoined the Chicago Board of Trade, two years after MacMillan's death. For the first. Poaching contributes to forest elephant declines in Cte dIvoire, new numbers reveal. When the Board lifted its suspension a few years later, Cargill refused to rejoin, instead trading through independent traders. In 1875, Cargill moved to La Crosse, Wisconsin, and their brother James joined the business. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. [14] During this time, Cargill saw both record profits and major cash crunches. "[44] Meanwhile, the Agriculture Union of CFIA's embedded inspectors at slaughterhouses said that management is "threatening disciplinary action against employees who refuse to be reassigned to work at COVID-19-infected meat plants", while Deputy PM Chrystia Freeland said, "those who feel unsafe won't be forced back to work. Apart from sugar and cotton, Cargill India is also one of India's largest originators and marketers of food and coarse grains. [75], Cargill's grainwhich was dyed red and labeled with warnings in Spanish and English as well as a skull and crossbones design following a previous incident of mercury-treated seed being sold as food in Iraqi markets in 1960was distributed too late for much of the 1971 planting season, causing many farmers to sell their excess product in the public markets at very low prices; this attracted many poor Iraqis who either could not understand the warnings or disregarded them, causing thousands of cases of mercury poisoning. Your IP: [40] United Food and Commercial Workers Canada (UFCW) Union Local 401 has recommended the plant's closure since 38 cases were known. For example, egg prices have doubled since last year to nearly $3 a dozen, which is especially difficult if you make your living as an egg-juggling busker down by the condemned jungle gym . All the eggs used in US McDonald's restaurants pass through Cargill's plants. But we keep things local. [10][11], In 2019 the NGO Mighty Earth released a 56-page report on Cargill. You need at least a Starter Account to use this feature. Cargill is one of the largest U.S. beef processors and last month closed a deal to buy No. [51] Cargill Pakistan Holdings was incorporated on January 25, 1990. This statistic shows Cargill's revenue and profit from 2010 to 2021. and over 1Mio. [38] This plant was responsible for about 36% of Canada's beef producing capacity. The employee data is based on information from people who have self-reported their past or current employments at Cargill. The company responded with an employee stock ownership plan, and in 1993 reportedly purchased 17% of the firm for $730 million from 72 Cargills and MacMillans. [58], As a private company, Cargill is not required to release the same amount of information as a publicly traded company and, as a business practice, keeps a relatively low profile. [8] Employing over 166,000 employees in 66 countries, it is responsible for 25% of all United States grain exports. * In fiscal year 2011, it excludes a one-time accounting gain of 11.49 billion U.S. dollars related to the divestiture of Cargill's shares of the Mosaic Company. Global commodities trader Cargill Inc (CARG.UL) reported a 17% rise in revenue in fiscal year 2021 on Monday, the latest company to benefit from high prices for agricultural goods. Descendants of William Cargill and his son-in-law John MacMillan have owned common equity in the company for over 140 years. In 1979, Cargill entered the meat-processing business with the purchase of beef processor MBPXL (later Excel). [98] The companies involved have denied the allegations. Cargill 's most notable exits include Local Bounti , Descartes Labs . Sam Cargill left La Crosse in 1887 to manage the office in Minneapolis, an important emerging grain center. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. [10] Gregory R. Page succeeded former CEO Warren Staley in mid-2007, as Staley reached Cargill's mandatory retirement age of 65, and was CEO and chairman until 2013, when he in turn was succeeded by Dave MacLennan. Cargill revenue is $114.7B annually. The action you just performed triggered the security solution. Cargill peak revenue was $114.7B in 2021. Organic food market: leading countries 2020, based on sales ; The most important statistics. By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries." August 11, 2022. Monkeys in a West African bushmeat market: implications for cercopithecid conservation in eastern Liberia. Their most recent investment was on Sep 20, 2022, when InnovaFeed raised 250M. China, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam. The 1936 corn crop failed and with the 1937 crop unavailable until October, the Chicago Board of Trade ordered Cargill to sell some of its corn. None of the information on this page has been provided or approved by Cargill. As of 2019, the Argentinian tax authorities have not replied to Swiss NGO Public Eyes request as to the state of the case. CHICAGO (Reuters) - Global commodities trader Cargill Inc said on Thursday its revenue for fiscal 2020, which ended on May 31, rose to $114.6 billion, up 1% from the prior year. [57], Cargill sponsored NASCAR driver Ricky Stenhouse Jr. in 2010 and 2015. M. Shahbandeh Research expert covering agriculture & FMCG Get in touch with us now , Aug 25, 2022 This statistic shows the share of employees at Cargill agricultural company as of 2022, by. Upon Sam Cargill's death in 1903, William Cargill became the sole owner of the La Crosse office. Expansion followed thereafter. The WASDE sees individual countries' domestic feed production using 743.05 million tonnes of corn, and global ending stocks at 304.53 million tonnes. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Revenue and profit of agricultural company Cargill worldwide from 2010 to 2021 (in million U.S. dollars) [Graph]. This statistic is not included in your account. Algeria, Ivory Coast, Egypt, Ghana, Kenya, Morocco, Mozambique, Nigeria, South Africa, Uganda, Zambia and Zimbabwe. You only have access to basic statistics. We asked days and days ago for that plant to be closed temporarily for two weeks, send all of the workers home with pay to isolate. After extensive research and analysis, Zippia's data science team found the following key financial metrics. [80], In July 2012, the Vermont Department of Public Health said that 10 people in the state had become sick from ground beef being recalled by Cargill Beef. The public health department for the Montrgie region had been working with Cargill since April 25 to deal with the outbreak. Cargill remains a family-owned business, as the descendants of the founder (from the Cargill and MacMillan families) own over 90% of it. Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the different grades of the polluting fuel. The Gold Notes were due in 1917, but thanks to record grain prices caused by World War I all debts were paid by 1915. Currently, you are using a shared account. coli. Search Protein Processing Locations Discover our protein plant locations across North America. The strong result was the latest for a global agricultural commodities trader after rivals Archer-Daniels-Midland Co (ADM.N) and Bunge Ltd (BG.N) reported solid earnings last month amid high farm products prices and robust global demand. [7] Cargill has frequently been the subject of criticism related to the environment, human rights, finance, and other ethical considerations. In July 2006, the federal prosecutor indicated they were close to shutting down the port. [17] The division expanded into turkey, food service and food distribution businesses and is now known as Cargill Meat Solutions. Their concerns have been public since 2005, but no action has been taken on labor violations in Cargill's Uzbek operations. As the company grew, it developed a market intelligence network as it coordinated its commodities trading, processing, freight, shipping and futures businesses. [35], On April 8, 2020, Cargill closed its Hazleton, Pennsylvania meatpacking facility because "an unspecified number of Cargill employees at the plant [had] tested positive for COVID-19." Cargill peak revenue was $114.7B in 2021. directly sourced cocoa and cocoa products are sourced from these 5 countries. Between 2010 and 2012 Cargill brought huge areas of land in Colombia under its control despite legal restrictions on the acquisition of state land. The report accused Cargill of endangering the forest habitats of chimpanzees, elephants and other wildlife populations by purchasing cocoa linked to deforestation. In 2020-21, we promoted cocoa . The current owners are descended from John MacMillan's two sons, John H. MacMillan Jr., and Cargill MacMillan Sr., and his youngest brother-in-law, Austen S. Cargill I. John MacMillan ran the company until his retirement in 1936. To accomplish this, Cargill set up no fewer than 36 mailbox companies, which enabled it to exceed the legally prescribed maximum size of land ownership. Its Cargill Energy, Transport and Metals BU is active across ocean freight, coal, iron ore and steel trading. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. This statistic shows the regional revenue distribution of Cargill during the fiscal year 2019. Cargill started doing business in Pakistan in 1984. Chart. Cloudflare Ray ID: 767c4d51fab8edd5 [86], Cargill sells large volumes of palm oil, which is found in many processed foods, cosmetics and detergents. [66], Cargill was a major buyer of cotton in Uzbekistan, despite the industry prevalence of uncompensated workers and possible human rights abuses, and admissions by two representatives that the company is aware of the possible use of child labor in the production of its crops. The first of the crises was the debt left by the death of William W. Cargill. Agricultural services, crop and livestock, food, health and pharmaceutical, industrial & financial risk management, Anne Pedrero-MacMillan, Cargill family member, Richard A. Cargill, Cargill family member, Marcel H.M. Smits, executive vice president and chief financial officer of Cargill, This page was last edited on 8 November 2022, at 05:15. "Revenue and Profit of Agricultural Company Cargill Worldwide from 2010 to 2021 (in Million U.S. Register in seconds and access exclusive features. If you are an admin, please authenticate by logging in again. Published by Statista Research Department , Sep 30, 2022. We combine our experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. In 2019, Cargill invested an additional $75 million. [14] He opened the company's first Canadian, European and Latin American offices in 1928, 1929 and 1930. [81], In 2003, Cargill completed a port for processing soya in Santarm in the Amazon region of Brazil, dramatically increasing soya production in the area and, according to Greenpeace, speeding up deforestation of local rain forest. Three were hospitalized, and all recovered, according to health officials. 3 chicken producer Sanderson Farms Inc with Continental Grain Co in a deal worth some $4.53 billion. 3 chicken producer Sanderson Farms Inc with Continental Grain Co in a deal worth some $4.53 billion. The suit accused Cargill, along with Nestl, Barry Callebaut, Mars, Incorporated, Olam International, The Hershey Company, and Mondelez International, of knowingly engaging in forced labor, and sought damages for unjust enrichment, negligent supervision, and intentional infliction of emotional distress. See insights on Cargill including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. [99], In its 2018 annual report to the US Securities and Exchange Commission (SEC), Bunge mentioned provisions that suggested the case was still ongoing: "[A]s of December 31, 2018, Bunges Argentine subsidiary had received income tax assessments relating to 2006 through 2009 of approximately 1,276 million Argentine pesos (approximately $34 million), plus applicable interest on the outstanding amount of approximately 4,246 million Argentine pesos (approximately $113 million]). Cargill's Annual Report & Profile shows critical firmographic facts: What is the company's size? Commodities giant Cargill Inc. said annual revenues soared 23% to a record $165 billion in a fiscal year marked by "extreme events." Cargill reported its new sales benchmark for the year ending May 31 Wednesday in the company's annual report, showing that the trend of strong sales from the world's grain merchant companies continues in the face of supply-chain woes, rising food . Cargill's Annual Revenue Surges 23% to Record $165 Billion Sales peak comes in year of 'extreme events' for industry Cargill's revenue jump follows higher sales from ADM, Bunge. [63], Even more recent evidence stems from a 2019 TV program on French channel France 2 about cocoa illegally harvested from protected areas in Cte dIvoire. [9] It is the only US producer of Alberger process salt, which is used in the fast-food and prepared food industries. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. P-963. . Second-quarter revenues rose 4% to $29.2 billion. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Then you can access your favorite statistics via the star in the header. Hannaford Supermarkets alerted consumers that Cargill Beef was voluntarily recalling 29,339 pounds of ground beef that might contain salmonella. Commodities giant Cargill Inc. said annual revenues soared 23% to a record $165 billion in a fiscal year marked by "extreme events.". All quotes delayed a minimum of 15 minutes. It has its own Trade and Structured Finance arm, which also operates the Cargill Capital and Financial Services India Private Limited. Cargill, which buys from the plantations under investigation, at first denied that it was buying cocoa from protected areas, but was forced to admit that its traceability system had not reached these areas, and therefore that it could not fully trace the origins of its cocoa. (August 1, 2021). In 2006, Cargill Meat purchased Fresno Meats. [92] Cargill was notified of the findings of Mighty Earths investigation and did not deny that the company sourced its cocoa from protected areas in the Ivory Coast. Cargill has 166,000 employees, and the revenue per employee ratio is $690,933. In 2017, Cargill in Brazil reported negative earnings amounting 166.1 million Brazilian reals, down from an EBITDA of 510.7 million reals a year earlier. [14] When Whitney MacMillan, nephew of John Jr., took over the company from Kelm in 1976, revenue approached $30 billion. [20], By 2002, Cargill had over $50 billion in annual sales, twice the amount of its closest rival, Archer Daniels Midland, and had 97,000 employees running more than 1,000 production sites in 59 countries. Cargill reported its new sales benchmark for the year ending May 31 in the company's annual report, showing that the . Key measures include . Instances of child trafficking from neighboring Burkina Faso were also reported. With more than 50,000 hectares of land, Cargill thus acquired more than 30 times the land legally permitted for a single owner. Warren Staley became chief executive and continued expanding the company and it rebounded. And we connect families with daily essentials from the foods you eat to the floors you walk on. As a result of the investigation, it was alleged that the companies had submitted false declarations of sales and routed profits through tax havens or their headquarters. 49,206 million (70% YoY) during the quarter under review. MacMillan then married William Cargill's eldest daughter, Edna.[13]. Cargill's revenue for the year totaled $114.6 billion, according to the company's fiscal year 2020 annual report, Nourishing the World. [51][54] Cargill also deals in animal feed, agriculture commodities, cotton, grain and oilseeds, metals, palm and sugar business in Pakistan. Cargill reports revenues of $114.695 billion and earnings of $3.103 billion in 2018. Apr, 2022. The company also supplies about 22% of the US domestic meat market, importing more product from Argentina than any other company, and is the largest poultry producer in Thailand. After the government of India, Cargill is India's second-largest buyer of food grain. The US government overturned the Board's ruling and forced it to accept Cargill as a member. William Cargill died in 1909, creating a fiscal crisis for the company. This year, food prices have soared and Americans are feeling it. The biggest supervillains in the world are not human: they're corporations. That was before they set up a dedicated testing facility in the area." Argentina's revenue and customs service began an investigation into the four companies when prices for agricultural commodities spiked in 2008 but very little profit for the four companies had been reported to the office. Learn More Jobs in Russia Learn about job opportunities in Russia. You can only download this statistic as a Premium user. Pro Pet had three manufacturing facilities, one in Owatonna, Minnesota, one in Kansas City, Kansas, and one in St. Marys, Ohio. [89][90][91] As a result of cocoa production, 7 of the 23 Ivorian protected areas have been almost entirely converted to cocoa. Jul 11, 2019. [22][23][24], In October 2011, the U.S. Justice Department announced that a biotech specialist at Cargill had pleaded guilty to stealing information from Cargill and Dow AgroSciences. Ceo and chairman page was succeeded by current CEO Dave MacLennan grain Co in a deal worth some 4.53! And cocoa products are sourced from these 5 countries permitted for a single owner Farms Inc with Continental Co. Job opportunities in Russia learn about job opportunities in Russia learn about opportunities. Crosse, Wisconsin, and their brother James joined the business of to. You are an admin, please authenticate by logging in again chief executive continued. 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