Cargill, Incorporated is a privately held, multinational
corporation, and is based in the state of Minnesota in the United
States. It was founded in 1865, and has grown into the country's
largest privately held corporation (in terms of revenue). Were it
a publicly held company, it would rank in the top 20 companies in
the Fortune 500.
Cargill's business activities include purchasing,
processing, and distributing grain and other agricultural commodities,
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 out 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. Currently the largest privately
owned company in the United States, Cargill declared revenues
of $120 billion USD, and earnings of $3.64 billion USD in the 2008
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 approximately 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 and prepared food industries.
It operates a unique (and antique) plant in St. Clair in the Thumb
of Michigan. Despite its size, the corporation is still a family
owned business; descendants of the founder (from the Cargill and
MacMillan families) own about 85% of the company. This means that
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
Sourced from wikipedia.org