Closely held Cargill, Inc. reported that FY 2023 annual revenue attained $177 billion, up seven percent from FY 2022 and a record for the 158-year company.

Although Cargill claims transparency in operations, their report is devoid of any financial data other than revenue. The agribusiness behemoth employs 160,000 people, operates in 70 nations and is present in 125 markets.

In the U. S., the company established a joint venture with Continental Grain as a co-shareholder to establish Wayne-Sanderson Farms in 2022. The Company has a significant involvement in the turkey segment and is a major producer of further-processed egg products from purchased egg liquids. During FY 2023, Cargill acquired Owensboro Grain Company, an oilseed crusher adding to their holdings in this sector.

The 2023 Annual Report is the first to reflect the impact of Brian Sikes, president and CEO in his inaugural year. In his message to stakeholders he stated, “From our unique vantage point at the center of the food system, Cargill is better positioned than ever to reimagine what’s possible.  With the best teams in the world, a winning strategy, powerful global partnerships, and a relentless commitment to our purpose, that’s exactly what we are doing.”