In this article, we shall cover the 5 biggest agricultural companies in the US. To read our detailed analysis of some of the risks and potentials affecting the American agricultural industry in 2023, go directly and see 15 Biggest Agricultural Companies in the US.
5. Deere & Company (NYSE:DE)
Annual Revenue: $51.3B
Based in Moline, Illinois, Deere and Company (NYSE:DE) is an American agricultural company which focuses on the manufacture and distribution of agricultural machinery, heavy equipment, forestry machinery, diesel engines and other lawn care equipment. The company’s premium tractor series include D series, E series, Specialty Tractors, Super Heavy Duty Tractors, and JDLink. According to analysts, Deere and Company’s (NYSE:DE) sustainable growth rate as of September 2023 stands between 7% to 9%, causing investors to flock towards the stock. It is one of the biggest agricultural companies in the US.
4. Tyson Foods Inc. (NYSE:TSN)
Annual Revenue: $53.3B
Based in Springdale, Arkansas, Tyson Foods Inc. (NYSE:TSN) is an American multinational corporation which operates within the food and agriculture industry. The company is the world’s second largest producer, processor, and marketer of chicken, beef, and pork, and annually exports the largest percentage of beef out of the United States. In 2019, Tyson Foods Inc. (NYSE:TSN) entered the plant protein segment of the market as well with their Raised and Rooted brand. As of 2023, the company relies on more than 11,000 independent farmers for chicken, cattle and hogs.
3. Bunge Ltd. (NYSE:BG)
Annual Revenue: $67.2B
Based in Chesterfield, Missouri, Bunge Ltd. (NYSE:BG) is an American agribusiness and food company. Not only does the company focus on the international export of soybean, it is also involved in food processing, grain trading, and fertilizer production. Bunge Ltd. (NYSE:BG) is one of the biggest agricultural companies in the US and has approximately 32,000 employees in more than 40 countries across the world, as of 2022. In 2023, Bunge Ltd. (NYSE:BG) announced a merger with Viterra Inc. to create a global agribusiness company which is “adequately positioned to meet the demands of the increasingly complex market”.
2. Archer-Daniels-Midland (NYSE:ADM)
Annual Revenue: $101.8B
Based in Chicago, Illinois, the Archer-Daniels-Midland Company (NYSE:ADM) is an American multinational food processing and commodities trading company which operates more than 270 plants and 420 crop procurement facilities across the globe. It largely focuses on the production, manufacture, and distribution of cereal grains, oilseeds, and animal feed. Archer-Daniels-Midland Company (NYSE:ADM) also provides agricultural storage and transportation services. The company has been the subject of several federal lawsuits with respect to its dismal environmental record; however, Archer-Daniels-Midland Company (NYSE:ADM) plans to reduce carbon emissions to 25% of current levels by 2035 from a 2019 base year.
1. Cargill Inc.
Annual Revenue: $165B
Based in Minnetonka, Minnesota, Cargill Inc. is an American global food company and is the largest privately held company in the United States by revenue. Cargill Inc. largely focuses on the production, trade, purchase and distribution of grain, palm oil livestock feed, starch, glucose syrup, and other agricultural commodities. It is a largely family-owned business, with the descendants of the founder still owning more than 90% of the company. Cargill Inc. reported an annual revenue of more than $165 billion in 2022. It employs more than 155,000 employees in more than 65 countries and is single-handedly responsible for more than 25% of all US grain exports. Cargill Inc. also contributes more than 22% to the American domestic meat market and is the largest poultry producer in Thailand. To date, it is the only US producer of Alberger process salt.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 25 Most Important Inventions of the 21st Century and 20 Most Innovative Companies in America
