The current owners are descended from John MacMillan's two sons, John H. MacMillan worked to resolve the credit issues and to force his brother-in-law William S. William Cargill died in 1909, creating a fiscal crisis for the company. John MacMillan was named general manager of Cargill Elevator Company and moved his family to Minneapolis. Upon Sam Cargill's death in 1903, William Cargill became the sole owner of the La Crosse office. MacMillan then married William Cargill's eldest daughter, Edna. MacMillan Sr., and his brother, Daniel, began working for W. some years after that the La Crosse operation incorporated as W.
Three years later, the Minneapolis operation incorporated as Cargill Elevator Co.
Sam Cargill left La Crosse in 1887 to manage the office in Minneapolis, an important emerging grain center. 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.
In 1875, Cargill moved to La Crosse, Wisconsin, and their brother James joined the business. Together, they built grain flat houses and opened a lumberyard. A year later William was joined by his brother Sam, forming W. 19th century Ĭargill was founded in 1865 by William Wallace Cargill when he bought a grain-flat house in Conover, Iowa. History The Cargill Lake Office, occupying the former Rufus Rand mansion on the main corporate campus in Minnetonka, formerly housed the company's top executives the company's 2016 CEO decided it was bad optics, moved the senior executive out, and the historic mansion was demolished by Cargill in 2020. He is the 10th CEO in Cargill's 158-year history. In January 2023, Brian Sikes was appointed to serve as president and CEO. It is the only US producer of Alberger process salt, which is used in the fast-food and prepared food industries.Ĭargill remains a family-owned business, as the descendants of the founder (from the Cargill and MacMillan families) own over 90% of it. All the eggs used in US McDonald's restaurants pass through Cargill's plants. 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. Employing over 155,000 employees in 66 countries, it is responsible for 25% of all United States grain exports. It last reported earnings in 2021, of just below $5 billion. 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.Ĭargill reported revenues of $165 billion in 2022. 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. Cargill also has a large financial services arm, which manages financial risks in the commodity markets for the company. Some of Cargill's major businesses are trading, purchasing and distributing grain and other agricultural commodities, such as palm oil trading in energy, steel and transport raising livestock and production of feed and producing food ingredients such as starch and glucose syrup, vegetable oils and fats for application in processed foods and industrial use. Cargill has frequently been the subject of criticism related to the environment, human rights, finance, and other ethical considerations. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware.
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