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Cargill Introduces New Revenue Stream for Farmers
One year ago, Cargill made a commitment to advance regenerative agriculture practices across 10 million acres of land in North America by 2030, recognizing that it not only improves soil health but can also open new revenue streams for farmers. To that end, Cargill has been enrolling farmers in Cargill RegenConnect™, a new regenerative agriculture program that pays farmers for improved soil health and positive environmental outcomes, including payment per metric ton of carbon sequestered. The new program connects farmers to the growing carbon marketplace and will help scale the voluntary adoption...
Cargill and Continental Grain Company to Acquire Sanderson Farms
Cargill, Continental Grain Company, and Sanderson Farms, Inc. announced they have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. The purchase price represents a 30.3% premium to Sanderson Farms' unaffected share price of $155.74 on June 18, 2021, the last full trading day prior to media speculation about the potential sale of Sanderson Farms; a 22.8% premium to the Sanderson Farms 30-day volume weighted average price ("VWAP") as of June 18, 2021, and a 15.2% premium to the all-time high share price as of June 18, 2021. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business.
The combination of Sanderson Farms and Wayne Farms will create a best-in-class U.S. poultry company with a high-quality asset base, complementary operating cultures, and...
Cargill and Ecolab Support Emerging Technologies Across Food Supply Chain
Cargill and Ecolab today announced the latest class of entrepreneurs to join the Techstars Farm to Fork Accelerator, a three-month, mentorship- driven program that engages early-stage entrepreneurs changing the face of the global food system. The 11 startups in the 2021 Techstars program are utilizing technology to drive innovative solutions in areas such as the future of food retail, food safety, and workforce development and management.
The food value chain is one of the last major industries to completely modernize, but the latest technologies are having a major...
Cargill Joins U.S. CattleTrace Program with Aim to Develop Infrastructure for Disease Traceability
Cargill announced that it has joined U.S. CattleTrace as an official packer member. Cargill is the second beef processor to invest in the effort formed by multiple state cattlemen’s organizations to develop a national infrastructure for animal disease traceability in the U.S. cattle industry.
“Reducing the impact of disease is critical for the U.S. Beef herd which is why we’re excited to join the U.S. CattleTrace program and champion its efforts to improve global competitiveness and food safety across the value chain,” said Jarrod Gillig, business operations and supply chain lead for Cargill’s North American protein business. “At Cargill, we’ve long been focused on enhancing the traceability and resilience of our supply chains and...
Cargill Makes a Splash With Investment in Plant-based Seafood, Meat Start-up
As consumer demand for plant-based products grows, Cargill has announced an investment in BOX NV start-up, Bflike.
Cargill sees the potential for Bflike to become a leader in the alternative meat and fish categories. The partnership aims to combine Cargill’s food ingredient solutions with Bflike’s recipes and technology. Together, the companies look to provide “food manufacturers and retailers the opportunity to bring tasty plant-based products to market quickly and affordably.”
“Global volume consumption of protein is expected to nearly double by 2050...
Cargill Unveils Plans for New Canola Processing Facility in Regina, Saskatchewan
Cargill announced plans to break ground on a new canola processing facility in Regina, Saskatchewan, to support the growing global demand for canola products. The company expects to begin construction on the $350 million project, which will have a similar design to Cargill’s existing Camrose facility, early next year with plans to be operational by early 2024. The company will also update and modernize its canola facilities in Camrose and Clavet over the next 12 months to increase volume and broaden capabilities at both locations.
“We are confident in the continued growth and competitiveness of the canola processing industry and look forward to helping farmers access increasing...
Study Finds Consumers are Hopeful About Agriculture’s Ability to Positively Impact Climate Change
When it comes to climate change, consumers view agriculture as a part of the solution rather than the problem. Among participants in Cargill’s recent global Feed4Thought survey, those who indicated climate change as important to them also rated livestock and agriculture lowest in negative impact compared with other industries generally regarded as significant contributors. More than one-third of respondents expressed confidence in the industry’s ability to limit its contributions to climate change.
“Farmers are critical to feeding the world sustainably and responsibly,” said Ruth Kimmelshue, who leads Cargill’s animal nutrition & health business. “With a growing population and rising consumer interest in climate change, they are also part of the solution to address...
Cargill Initiative Aims to Conserve Canadian Prairies through Collaboration with Ranchers
Beef farmers and ranchers play an important role in providing quality food, but few people know they also play an essential role in protecting Canada’s land, water and wildlife. With the urgency of unprecedented environmental challenges, like climate change, Ducks Unlimited Canada (DUC) has teamed up with McDonald’s Canada and Cargill to support rancher-led work through a $5-million CAD Forage Program. The program will work to return 125,000 acres (50,585 hectares) of cropland to grass and pasture by 2025.
In response to growing climate concerns, returning less productive annual cropland to perennial grass helps remove carbon dioxide from the atmosphere. Collectively, the impact of this program is comparable to removing...
Cargill Announces Leadership Roles to Accelerate Strategic Growth
Two new members are joining Cargill’s executive team as the company makes leadership changes to implement strategic growth initiatives.
“These leaders are committed to our customer-driven growth strategy and have deep experience in, and a passion for, innovation, disruption and building safe, responsible and sustainable solutions in food and agriculture,” said Dave MacLennan, Cargill chairman and CEO. “As we accelerate our growth strategy into specialties and value-add spaces, I’m confident this is the team to lead Cargill forward.”
Jon Nash is joining the company’s executive team as the leader of the global protein and salt enterprise. He succeeds Brian Sikes, who was recently named...
ANALYSIS: Cash Cattle Prices Are Stuck in Limbo
The weekly USDA five-area direct average fed steer price last week was $114.07/cwt, steady with the previous week but $0.78/cwt less than...
Brian Sikes Named Cargill’s Chief Operating Officer
Brian Sikes has been named chief operating officer (COO) of Cargill. In this role, he will also serve as a management director on the Cargill Board of Directors.
Sikes joined Cargill’s executive team in 2019, leading the company’s global protein and salt enterprise. Prior to that, he spent four years leading the protein business in North America, based in Wichita, Kan. Sikes joined Cargill in 1991, and has held leadership positions in the protein business in the U.S., Canada and Europe. He also led the company’s...
Bell & Evans to Transition 50,000 U.S. Acres to Certified Organic with Cargill, Rodale Institute
U.S. grain farmers have a new incentive to transition from conventional to organic practices, and Bell & Evans banks on many making the change.
Premium poultry producer Bell & Evans is experiencing significant growth in its organic chicken program, increasing its need for U.S. grown organic-certified corn and soybeans used in its organic chicken feed. The family-owned producer finalized a long-term sourcing agreement with global ag leader Cargill to exclusively secure its organic grain and increase domestic organic grain supply. Under the agreement, Cargill will incentivize...
Cargill Expands Value-Added Protein Footprint Through Acquisition of ProPortion Foods
Cargill, the global food, agricultural, financial and industrial products company, announced the expansion of its value-added protein footprint through the acquisition of ProPortion Foods, a food manufacturer that supplies a variety of innovative fully cooked products, portion control steaks and marinated ready-to-grill meats.
Through the purchase, which closed in December 2020, Cargill gains two further-processed protein plants in Round Rock, Texas and Vernon, California. The Round Rock and Vernon facilities will deliver a variety of quality, fully cooked protein products for Cargill’s...
Cargill Announces Temporary Idling of Two Beef Processing Facilities for Scheduled Maintenance
Cargill announced the planned, temporary idling of two protein processing facilities for scheduled maintenance. Each facility’s idling is unrelated to the COVID-19 pandemic.
On February 4, Cargill will idle its Dodge City, Kansas location and on March 18, the company will idle its Schuyler, Nebraska facility. Both sites are primary processing operations and will be down for approximately...
Dr. Omar Ishrak Elected to Cargill Board of Directors
Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors.
"Omar’s deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. Omar has a strong record of...
Cargill Survey: At-Home Learning is Changing Parents Buying Habits as School Meals Off the Table
School lunches looked very different at the start of the 2020 school year and with most students still in an e-learning environment, parents and caretakers are preparing meals at home for children more than ever.
A recent survey from Cargill found that 7 out of 10 parents said the coronavirus pandemic had a “moderate or big” impact on their food purchasing habits.
One key behind different purchasing habits includes how breakfast and lunch preparation has become...
Cargill Opens Antibiotic-Free Premix Plant in Ohio
During a virtual event for producers, customers and media, Cargill announced the opening of its new premix animal nutrition facility in Lewisburg, Ohio. The 220,000 square-foot, future-ready facility is deploying advanced technology not previously used in animal agriculture or pet food production that allows the use of less resources to produce feed, while ensuring the highest quality and traceability of its products for Cargill customers.
The Lewisburg West facility broke ground on November 8, 2018 and represents a $50 million investment in expanding Cargill’s existing feed production operations. The facility produces...
Cargill Adds Pea Protein to European Ingredient Portfolio
As more consumers aspire to incorporate plant-based foods into their diets, Cargill is responding by adding pea protein to its portfolio of ingredients available in Europe. The move will help European food and beverage manufacturers meet increasing demand for nutritious, plant-based products. Moreover, Cargill pea proteins are designed to meet the functional and sensory challenges in alternative emerging applications.
Cargill, which already offers an array of pea protein products in North America, Asia and South America, is leveraging that expertise as it expands its European line-up of plant-based proteins like...
Cargill Study Shows Consumer Support of Farmers Grows As a Result of COVID-19 Challenges
A recent Cargill study found a majority of consumers stand ready to rally around farmers in support of their efforts to put food on tables around the globe. Consumer recognition for the challenges and expectations farmers face grew amid the COVID-19 pandemic, as processing and transportation bottlenecks, especially in the protein industry, stretched the global food supply. In the latest Feed4Thought survey, Cargill found nearly one-third of consumers in the U.S., Brazil, Vietnam and Norway have a renewed appreciation for animal agriculture.
“Farmers and ranchers have faced tremendous pressures caused by COVID-19 supply chain disruptions. And those pressures came on top of the multitude of challenges farmers already faced as they worked to feed the world in...
French Plant-Based Protein Maker Roquette Sees Short-Term COVID-19 Impact
The plant-based protein market has seen a slowdown in new product launches and lower sales in restaurants and cafeterias due to COVID-19 but benefited from more people cooking at home and trying new products, French manufacturer Roquette said.
The market for plant-based protein such as meat-free burgers has surged in the past few years, attracting major investment from global agrifood groups, including Archer Daniels Midland, Cargill, and Nestle, hoping to capitalize on a trend towards healthy eating generally, including less red meat.
But lockdowns around the world to prevent the spread of COVID-19 have shaken the market, Jean-Philippe Azoulay, Head of Pea and New Proteins Business at French ingredient maker...
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
Urner Barry's Fall 2021 Reporter Issue Released; Read It Online For Free Now
Urner Barry Releases September Soy & Wheat Report
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