Editing Cargill (section)

{{short description|American multinational food conglomerate}}
{{Other uses|Cargill (disambiguation)}}
{{distinguish|Kargil}}
{{Use mdy dates|date=August 2023}}
{{Use American English|date=February 2016}}
{{Infobox company
| name = Cargill, Incorporated
| logo = Cargill logo.svg
| logo_size = 
| logo_alt = 
| logo_caption = 
| image = Cargill Malt Sheboygan.jpg
| image_size = 250px
| image_alt = 
| image_caption = Cargill Malt in [[Sheboygan, Wisconsin]]
| trade_name = 
| former_name = 
| type = [[Privately held company|Private]]
| traded_as = 
| ISIN = 
| industry = [[Conglomerate (company)|Conglomerate]]
| genre = 
| successor = <!-- or: | successors = -->
| founded = {{start date and age|1865}}
| founder = [[William Wallace Cargill]]
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| fate = 
| hq_location = [[Minnetonka, Minnesota|Minnetonka]], [[Minnesota]], U.S.
| num_locations = 
| area_served = Worldwide
| key_people = [[Brian Sikes]] ([[chairman]] and [[Chief executive officer|CEO]])
| products = Agricultural services, crop and livestock, food, health and pharmaceutical, industrial and financial risk management, [[raw material]]s
| revenue = {{increase}} {{US$|165 billion|link=yes}} (2022)<ref name=annual-report>{{cite web|url=https://www.cargill.com/about/2022-annual-report |title=Cargill Annual Report 2022|publisher=Cargill, Inc.|date=2022}}</ref>
| revenue_year = <!-- Year of revenue data (if known) -->
| operating_income = {{increase}} {{US$|43.204 billion}} (2018)<ref name=10K>{{cite web|url=https://www.cargill.com/about/financial/five-year-financial-summary|title=Cargill Five-Year Financial Summary|publisher=Cargill, Inc.|date=July 16, 2018}}</ref>
| income_year = <!-- Year of operating_income data (if known) -->
| net_income = {{increase}} {{US$|4.93 billion}} (2021)<ref>{{cite web|url=https://www.reuters.com/business/cargill-fiscal-2021-revenue-rises-1344-billion-2021-08-09/ |title=Cargill fiscal 2021 revenue rises to $134.4 billion |work=www.reuters.com |date=August 9, 2021}}</ref>
| net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (if known) -->
| assets = {{increase}} {{US$|59.2 billion}} (2018)<ref name=10K/>
| owner = [[Cargill family|Cargill-MacMillan family]] (88%)
| num_employees = 160,000 (2024)<ref>{{cite web |last=Longworth |first=Nick |date=3 December 2024 |title=Cargill announces layoffs at Wayzata HQ, global workforce reduction |url= https://www.fox9.com/news/cargill-layoffs-wayzata-global-workforce-reduction|website=Fox9 |access-date=5 March 2025}}</ref>
| parent = 
| divisions = 
| website = {{URL|http://www.cargill.com}}
}}
'''Cargill, Incorporated''' is an American multinational food [[corporation]] based in [[Minnetonka, Minnesota|Minnetonka]], [[Minnesota]], and incorporated in [[Wilmington, Delaware]].<ref>{{cite web |url=https://www.businessinsider.com/cargill-family-has-14-billionaires-2015-3?r=US&IR=T |title=Cargill family has 14 billionaires - Business Insider |author=Drake Baer |date=March 2, 2015 |work=Business Insider}}</ref><ref>{{cite web |url=http://www.cargill.com/company/history/1865-1899/ |title=Cargill: Our Company - Our History - 1865 - 1899 |work=www.cargill.com}}</ref><ref>{{cite web |url=https://www.nytimes.com/2012/07/01/business/how-delaware-thrives-as-a-corporate-tax-haven.html |title="How Delaware Thrives as a Corporate Tax Haven" |author=Leslie Wayne |date=June 30, 2012 |website=www.nytimes.com |access-date=February 17, 2017}}</ref> Founded in 1865 by [[William Wallace Cargill]], it is the largest [[privately held company]] in the United States in terms of revenue.<ref name="FP">{{cite web |url=https://www.forbes.com/companies/cargill/?list=largest-private-companies |title=Cargill on the Forbes America's Largest Private Companies List |website=Forbes |date=July 2023 |access-date=July 16, 2023}}</ref> 

Some of Cargill's major businesses are trading, purchasing and distributing [[cereal|grain]] and other [[agricultural]] [[commodity|commodities]], such as [[palm oil]]; trading in energy, [[steel]] and transport; raising [[livestock]] and production of [[fodder|feed]]; and producing food ingredients such as [[starch]] and [[glucose syrup]], [[vegetable oil|vegetable oils and fats]] for application in [[ultra-processed foods]] and industrial use. Cargill also has a large [[financial services]] arm, which manages [[financial risk]]s in the [[commodity market]]s 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.<ref>{{Cite web |title=Cargill revenues jump 23% in fiscal 2022 {{!}} Baking Business |url=https://www.bakingbusiness.com/articles/57013-cargill-revenues-jump-23-in-fiscal-2022 |access-date=January 14, 2023 |website=www.bakingbusiness.com |language=en}}</ref>  It last reported net profit earnings in 2021, of just below $5 billion.<ref>{{Cite news |date=August 6, 2021 |title=Crop Giant Cargill Reports Biggest Profit in 156-Year History |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2021-08-06/crop-giant-cargill-reports-biggest-profit-in-156-year-history |access-date=January 14, 2023}}</ref> Employing over 160,000 employees<ref>{{Cite web |title=Company Overview {{!}} Cargill |url=https://www.cargill.com/about/company-overview |access-date=January 14, 2023 |website=www.cargill.com |language=en}}</ref> 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.<ref>{{Cite book |last=Ferrante |first=Joan |title=Sociology: A Global Perspective |publisher=Cengage Learning |year=2014 |isbn=978-1-285-74649-4 |location=Stamford, CT |pages=109 |language=en}}</ref> 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 business|family-owned business]], as the descendants of the founder (from the [[Cargill family|Cargill and MacMillan families]]) own over 90% of it.<ref name=FT022604>{{Cite web |author=Caroline Daniel |url=http://search.ft.com/ftArticle?ct=0&id=040226009359&nclick_check=1 |title=Château Cargill throws open its halls |work=Financial Times |date=February 26, 2004 | archive-url=https://web.archive.org/web/20090823045614/http://search.ft.com/ftArticle?ct=0&id=040226009359&nclick_check=1 |access-date=June 15, 2009| archive-date=August 23, 2009 }}</ref> In January 2023, Brian Sikes was appointed as president and CEO,<ref>{{Cite web |last=Painter |first=Kristen Leigh |date=2022-11-21 |title=Cargill names a new CEO: Sikes to succeed MacLennan on Jan. 1 |url=https://www.startribune.com/cargill-names-a-new-ceo/600228418 |access-date=2025-02-12 |website=The Minnesota Star Tribune |language=en}}</ref> the 10th CEO in Cargill's 158-year history.