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Cargill is the 'Silent Giant' of Food
12/05/2008
As food prices have risen worldwide, pushing tens of millions of people into poverty, the increasingly large companies that dominate the world's food production are rightly of interest. Serres writes about Cargill, one of the largest, in a series on food. Cargill is huge and it is still privately owned, largely by descendants of brothers William Wallace and Samuel Cargill. The company is also secretive. "Everyone knows they make a ton of money, but no one really knows how," said Michael Tian, an agricultural analyst at Morningstar. Serres contacted 30 family members and none agreed to an interview.
Farmers and consumers are worried about corporate concentrations in the food and fertilizer industries. Cargill is at the center of those businesses worldwide. Good story.
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