The company reported revenue of US$160 billion for this fiscal year, down from a record $177 billion the previous year
REUTERS — Cargill plans to cut around five per cent of its staff, or about 8,000 jobs, after revenue slumped in its most recent fiscal year as crop prices hit multi-year lows. Agricultural merchants, including privately held Cargill, are under pressure as prices of the commodity crops they trade, such as wheat, corn and soybeans, […] Read moreTag Archives Cargill
Cargill begins job cuts in drive to reduce headcount by 5 per cent
CHICAGO, (Reuters) – Global commodities trader Cargill began laying off employees across its vast operations on Tuesday in a drive to slash headcount by 5 per cent, sending U.S. workers from supply chain, inventory control and other roles to look for new jobs. Cargill, a major grain merchant and U.S. beef processor, is facing a […] Read more
Canola crush plant expands
SASKATOON — The first in a series of previously announced canola crush plants is up and running, while other projects appear to be stalled. Richardson International has more than doubled capacity at its plant in Yorkton, which can now crush 2.5 million tonnes of seed annually, up from 1.1 million tonnes. Related stories: • Overseas […] Read more
Sustainability roundtable marks 10th anniversary
The Certified Sustainable Beef Framework was formed three years later to provide credible assurances for consumers
Glacier FarmMedia – It’s been 10 years since the Canadian Roundtable for Sustainable Beef was founded to measure and recognize Canada’s leadership in sustainability. The Certified Sustainable Beef Framework, known as CRSB Certified, was created in 2017 to recognize sustainable practices and provide credible assurances to consumers regarding the production, processing and sourcing of beef […] Read more
Big Mac bites Big Meat over alleged ‘artificially higher prices’
If you buy nearly two billion pounds of beef a year — an on-the-hoof equivalent of seven million cattle — you’d think you’d get the best deal ever from your suppliers. You are, after all, the world’s largest red meat buyer. Think again, says McDonald’s. On Oct. 4, it sued the big four meat packers […] Read more
Producers lose their climate villain reputation
MINNEAPOLIS — There is an idea, widely spread in the media, that agriculture must be fixed. The standard narrative is that modern farming is destroying the atmosphere with greenhouse gas emissions. Therefore, farmers should stop using fertilizer, no longer raise livestock and grow only organic hempseed — or quinoa. Related stories in this issue: However, […] Read more
Sustainability has a problem
MINNEAPOLIS — Mars has a problem. Not the red planet, but the company. It’s one of the largest human and pet food companies in the world, posting $50 billion in revenue last year. Related stories in this issue: Global sales have been increasing, and this year the privately held company acquired the Kellogg’s line of […] Read more
Province aims to create food corridor in southern Alberta
Invest Alberta has a mandate to attract food processors to the region and support the expansion of existing businesses
MINNEAPOLIS, Minn. — A few years ago, when Jason Kenney was premier of Alberta, the provincial government conducted a study on investors. The government wanted to understand global investors, how they perceived Alberta and how those perceptions affect the province. The result was a wake-up call — global players don’t think about Alberta; it’s not […] Read more
McDonald’s sues major beef producers in U.S. price-fixing lawsuit
(Reuters) - McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that the meatpackers, also including Cargill and National […] Read more
Illegal Brazilian soybeans sold on global markets
Multinational companies indirectly buy crop grown on illegally leased tribal lands as issue causes division and conflict
PASSO FUNDO, Brazil (Reuters) — Farm co-operatives in Brazil that supply some of the world’s biggest multinational agricultural firms are buying soybeans grown illegally on Indigenous reservations in the country, according to tribal leaders and court records. This comes despite the companies’ public pledges to respect the land rights and resources of Indigenous peoples. The […] Read more
