41 Facts About Cargill

Cargill, Incorporated is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware.

Cargill has frequently been the subject of criticism related to the environment, human rights, finance, and other ethical considerations.

Cargill has a large financial services arm, which manages financial risks in the commodity markets for the company.

Cargill was founded in 1865 by William Wallace Cargill when he bought a grain flat house in Conover, Iowa.

In 1875, Cargill moved to La Crosse, Wisconsin, and their brother James joined the business.

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Sam Cargill left La Crosse in 1887 to manage the office in Minneapolis, an important emerging grain center.

William Cargill died in 1909, creating a fiscal crisis for the company.

Under his leadership Cargill grew several fold, expanding out of the Midwest by opening its first East coast offices, in New York, in 1923.

Cargill was the architect of the company's strategy of internationalism.

Cargill was noted for his involvement in the controversial commercial rapprochement between the U S and the Soviet Union.

In 1962, Cargill rejoined the Chicago Board of Trade, two years after MacMillan's death.

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.

US government put pressure on big grain exporters with allegations of manipulating the market, and Cargill was a major target, but it emerged without any major changes.

In 1978 Cargill purchased the large Leslie Salt refining company in Newark, California, from Schilling.

In 1979, Cargill entered the meat-processing business with the purchase of beef processor MBPXL .

In 1986 Cargill started operations in Venezuela through a partnership with the Possenti family's Mimesa C A to form Agroindustrial Mimesa in Maracaibo, dedicated to the manufacturing of flour and pasta.

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.

In 2002 Cargill acquired European-based starch manufacturer Cerestar from Montedison for $1.

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.

In November 2011, Cargill completed the acquisition of Provimi, a global animal nutrition company for €1.

In December 2014, Cargill finished commissioning a $100 million Indonesian cocoa plant.

In 2016, Cargill announced that it would move its Protein Group headquarters from older buildings in downtown Wichita, Kansas, and consolidate into a new building in Wichita's nearby Old Town area.

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 February 2018, Cargill completed the purchase of Pro Pet, a pet food manufacturing company.

In November 2018, Cargill sold its 13 crop input locations in Ontario, Canada to La Coop Federee.

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In 2018, Cargill made a $25 million investment in Puris, a supplier of pea protein used in Beyond Meat products.

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 canceled its third-quarter earnings release in March 2020 amid the COVID-19 pandemic.

Apart from sugar and cotton, Cargill India is one of India's largest originators and marketers of food and coarse grains.

In January 2019, Cargill announced a $200 million investment to grow business in Pakistan.

Cargill sells salt in the US under the Diamond Crystal brand.

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.

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.

Between 2010 and 2012 Cargill brought huge areas of land in Colombia under its control despite legal restrictions on the acquisition of state land.

In 2003, Cargill completed a port for processing soya in Santarem in the Amazon region of Brazil, dramatically increasing soya production in the area and, according to Greenpeace, speeding up deforestation of local rain forest.

In July 2006, Cargill reportedly joined other soy businesses in Brazil in a two-year moratorium on the purchase of soybeans from newly deforested land.

Cargill sells large volumes of palm oil, which is found in many processed foods, cosmetics and detergents.

Report accused Cargill of endangering the forest habitats of chimpanzees, elephants and other wildlife populations by purchasing cocoa linked to deforestation.

Cargill was notified of the findings of Mighty Earth's investigation and did not deny that the company sourced its cocoa from protected areas in the Ivory Coast.

In 2015, Cargill settled with the EPA over Clean Air Act violations in a plant in Iowa.

Cargill offers programs and internships for graduates in Europe and the U S, including a European Graduate Program and a U S Undergraduate Program.