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| Company name | Cargill, Inc. | | Company type | Private | | Slogan | Nourishing Ideas. Nourishing People. | | Industry | Agriculture | | Founded | 1865 | | Headquarters | Minnetonka, Minnesota, U.S.(Wayzata Post Office area) | | Area served | Worldwide | | Key people | Gregory R. Page (CEO) | | Products | Crop and livestock, food, Health & Pharmaceutical, Industrial & Financial & Risk Management, Electricity and gas | | Revenue | (-)$107.9 billion (2010) | | Operating income | (-)$4.6 billion (2010) | | Net income | (-)$2.6 billion (2010) | | Employees | 160,000 (2009) |
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Cargill, Incorporated is a privately held, multinational corporation, based in Minnetonka, Minnesota, specifically the Wayzata Post Office area. Founded in 1865, it is now the largest privately held corporation in the U.S. in terms of revenue. If it were a public company, it would rank in the top 10 companies in the Fortune 500. Cargill's business operations include trading, purchasing and distributing grain and other agricultural commoditiesbut also trading energy, steel and transport and the manufacture and sale of livestock feed and ingredients for processed foods and pharmaceuticals. It also operates 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 a hedge fund called Black River Asset Management, with about $10 billion of assets and liabilities. It owns 2/3 of the shares of The Mosaic Company, one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients.
Cargill declared revenues of 116.6 billion USD, and earnings of 3.33 billion USD in the 2009 fiscal year. Employing over 160,000 employees at 1,100 locations in 67 countries, it is responsible for 25 percent of all United States grain exports. The company also supplies about 22 percent of the United States domestic meat market, exporting more product from Argentina than any other company and is the largest poultry producer in Thailand. All of the eggs used in McDonald's restaurants in the United States pass through Cargill's plants. It is the only producer of Alberger process salt in the U.S.A., which is highly prized in the fast-food and prepared food industries. It operates a unique (and antique) plant in St. Clair in the Thumb of Michigan.
Cargill remains a family-owned business, as descendants of the founder (from the Cargill and MacMillan families) own over 85% of the company. As a result, most of its growth has been due to reinvestment of the company's own earnings, rather than public financing. Greg Page is the chief executive officer of Cargill; he succeeded Warren Staley in mid 2007.
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