Syngenta ranks 6th on this list of the top 10 largest agricultural companies in the world in 2020. Syngenta is a global company that produces agrochemicals and seeds and is based in Basel, Switzerland. Syngenta has eight primary product lines which it develops, markets, and sells worldwide; Its five product lines for pesticides are selective herbicides, is cargill a fortune 500 company non-selective herbicides, fungicides, insecticides, and seed care. Three product lines for seed products include corn and soya, other field crops, and vegetables. The company also supplies about 22% of the US domestic meat market, importing more products from Argentina than any other company, and is the largest poultry producer in Thailand.
- However, this list does include several government-sponsored enterprises that were created by acts of Congress and later became publicly traded.
- Minneapolis-based Cargill was founded at the end of the American Civil War, by William Wallace Cargill.
- Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018.
- Nutrien’s main competitors include other potash, phosphate, and nitrogen producers, such as The Mosaic Company, Yara International ASA, CF Industries Holdings Inc, and K+S AG.
- It’s been run by its billionaire chairman and CEO Charles Koch since 1967.
- The UN’s Food and Agricultural Organization (FAO) said its food price index had risen by 12.6% in March compared with February, “making a giant leap to a new highest level since its inception in 1990”.
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), one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. Cargill is back on top of Forbes’ annual ranking of America’s largest private companies. The agribusiness firm dropped down to No. 2 last year, only the third time Cargill missed the top spot since Forbes began tracking the country’s private companies in 1985. The Minnesota-based firm’s revenues grew 17% in the year through May 2021 to $134.4 billion, the company reported, boosted by higher prices for agricultural goods. Koch Industries slides into No. 2 this year with estimated revenues of $115 billion for the year through December 2020.
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CNH Industrial last year generated USD 28.1 billion — making it one of the best agriculture companies in the world. Ranking number 3 on our list of the top 10 largest agricultural companies in the world is Bayer. Bayer is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Bayer is also one of the leading crop science companies in the world with more than 35 research sites and 175 breeding sites globally. In 2018, Bayer acquired Monsanto, a leading producer of genetically engineered crops, for $63 billion. Last year Bayer generated USD 51.18 billion — making it one of the best agriculture companies in the world.
Massive Size a Factor in Being Private
The Nature’s Bounty, a New York-based vitamin maker, was sold to Nestlé in August 2021 for $5.75 billion.
It was formed in April 2020 through the merger of Ultimate Software and Kronos Inc. Other familiar names at the top of the list include candy maker Mars at No. 4, Boston-based investment giant Fidelity at No. 10 and media company Cox Communications at No. 14. The massive size of the company and its continued focus on paying down debt have helped it maintain a good debt rating. Cargill has an A-rating with both Standard & Poor’s (S&P) and Fitch, and an A2 rating from Moody’s.
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In 1875, Cargill moved to La Crosse, Wisconsin, and their brother James joined the business. La Crosse was strategically located on the Mississippi near the junctions of the La Crosse River, Dubuque, and Southern Minnesota divisions of the Chicago, Milwaukee and St. Paul Railroad. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Accounting firms Deloitte, PricewaterhouseCoopers and Ernst & Young were taken off the list because all three have global headquarters overseas. Warehouse grocery chain Smart & Final was acquired in May 2021 by Bodega Latina, a subsidiary of Mexico’s Grupo Comercial Chedraui.
Top 10 Largest Agricultural Companies in the World 2020, Top Agriculture Companies
John MacMillan was named general manager of Cargill Elevator Company and moved his family to Minneapolis. William Cargill died in 1909, creating a fiscal crisis for the company. MacMillan worked to resolve the credit issues and to force his brother-in-law William S. Cargill out of the company. 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. Cargill remains 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.
Cargill Financial Summary
The US Commodity Exchange Authority and Chicago Board of Trade accused Cargill of trying to corner the corn market. In 1938, the Chicago Board suspended Cargill and three of its officers from the trading floor. When the Board lifted its suspension a few years later, Cargill refused to rejoin, instead trading through independent traders.
The UN said the war in Ukraine had “spread shocks through markets for staple grains and vegetable oils”. The price of cereals, vegetable oils and meat have reached all-times highs, the FAO said. The UN this month warned that global food prices had soared to a record high because of Russia’s invasion of Ukraine.
Nutrien is a Canadian fertilizer company based in Saskatoon, Saskatchewan. Nutrien is the largest producer of potash and the third-largest producer of nitrogen fertilizer in the world. Nutrien’s main competitors include other potash, phosphate, and nitrogen producers, such as The Mosaic Company, Yara International ASA, CF Industries Holdings Inc, and K+S AG. Who are the top 10 largest agricultural companies in the world in 2020?
He was also the architect of the company’s strategy of internationalism.[17] He opened the company’s first Canadian, European and Latin American offices in 1928, 1929, and 1930. He was also noted for his involvement in the controversial commercial rapprochement between the U.S. and the Soviet Union.[17] During this time, Cargill saw both record profits and major cash crunches. Upon Sam Cargill’s death in 1903, William Cargill became the sole owner of the La Crosse office.
With these good ratings, it can continue to raise money at low-interest rates without needing to seek capital through an equity offering. In the early days, the company allowed the family to have total control of Cargill. The year 1960 marked the first time a non-family member became the company’s chief executive officer (CEO). On the other hand, in our edible oil business, we are reducing plastic use. In association with Dow Chemical, we have reformulated our plastic material, making 90% of our plastic packaging recyclable. Also, we are recovering about 70% of used plastics and we’re trying to increase it to as much as possible.
Cargill faced pressure from the shareholders and charitable trusts that owned stock in the company. The company decided to spin off its 64% ownership of The Mosaic Company—one of the largest fertilizer companies in the world. This move allowed shareholders to trade Cargill stock for Mosaic shares. Since its founding by William W. Cargill, the company has remained a family-owned private company. Cargill had two children—a son, Austen, and a daughter, Edna, who married John MacMillan, one of her father’s business partners.
DuPont ranks 7th on this list of the top 10 largest agricultural companies in the world. DuPont is an American company formed by the merger https://1investing.in/ of Dow Chemical and E. Du Pont de Nemours and Company on August 31, 2017, and the subsequent spinoffs of Dow Inc. and Corteva.
