Agricultural Update Unversity of Missouri- Agricultural Update Columbia January 27, 2001 General The below information summarized for the year ending 1999. One important note, the return rates listed are a rate of return on capital, which includes both equity and debt financing. 1999 SALE REVENUES: TOP TEN CORPORATE AGRIBUSINESS CORPORATIONS [Company, rank among all U.S. public corporations, sales revenues] 1. WAL-MART STORES (2) $ 165.0 BILLION 2. PHILIP MORRIS COS. (9) $ 61.7 BILLION 3. BANK OF AMERICA (11) $ 51.6 BILLION 4. KROGER (13) $ 45.3 BILLION 5. AMERICAN INTERNATIONAL GROUP (16) $ 40.8 BILLION 6. PROCTER & GAMBLE (18) $ 39.1 BILLION 7. ALBERTSON'S (22) $ 37.4 BILLION 8. SAFEWAY (40) $ 28.8 BILLION 9. DU PONT DE NEMOURS (46) $ 26.9 BILLION 10. CONAGRA (54) $ 24.9 BILLION SOURCE: FORBES 500S - Ranking the Top U.S. Companies, FORBES, April 17, 2000 1999 FOOD DISTRIBUTOR LEADERS BASED ON PERCENTAGE OF RETURN ON CAPITAL 5-YR. AVERAGE LATEST 12 MOS OUTBACK STEAKHOUSE 25.80% 24.40% JACK IN THE BOX 19.40% 22.10% SYSCO 16.40% 18.50% WAL-MART STORES 16.40% 15.90% MCDONALDS 12.70% 13.00% BRINKER INTERNATIONAL 11.50% 15.10% PERFORMANCE FOOD 11.40% 10.00% SUPERVALUE 10.90% 9.10% WENDY'S INTERNATIONAL 10.70% 12.00% CASEY'S GENERAL STORE 10.30% 10.00% ALBERTSON'S 9.70% 9.10% DARDEN RESTAURANTS 8.80% 14.70% SAFEWAY 8.40% 12.70% ROYAL AHOLD 8.30% 5.70% SOURCE: FORBES: America's 400 Best Big Companies FORBES, January 8, 2001 file:///C|/Documents%20and%20Settings/witzmans/Deskto...space%20pdf's%20in%20progress/012701_files/012701.htm (1 of 4) [1/30/2009 2:33:32 PM] Agricultural Update 1999 FOOD , DRINK & TOBACCO COMPANY LEADERS BASED ON PERCENTAGE OF RETURN ON CAPITAL LATEST 12 5-YR. AVERAGE MOS. UST INC 89.90% 75.80% COCA COLA 40.70% 17.70% CAMPBELL SOUP 34.20% 42.30% WILLIAM WRIGLEY JR 28.30% 27.40% PHILIP MORRIS 24.70% 30.90% SARA LEE 19.90% 31.90% BROWN-FOREMAN 19.70% 19.50% H.J. HEINZ 15.80% 19.50% MCCORMICK & CO 15.70% 23.40% PEPSICO 15.60% 20.10% ANHEUSER BUSCH COS 15.00% 16.80% HORMEL FOODS 14.90% 17.30% PILGRIM'S PRIDE 12.50% 11.50% SMITHFIELD FOODS 11.40% 7.70% SOURCE: FORBES: America's 400 Best Big Companies FORBES, January 8, 2001 1999 TEN LARGEST COOPERATIVES (AGRICULTURE & HARDWARE) REVENUES 1. FARMLAND INDUSTRIES $ 10.7 BILLION 2. DAIRY FARMERS OF AMERICA $ 7.6 BILLION 3. CENTEX HARVEST STATES $ 6.3 BILLION 4. LAND O'LAKES $ 5.6 BILLION 5. WAKEFERN FOOD $ 5.5 BILLION 6. TRUSERVE $ 4.5 BILLION 7. TOPCO ASSOCIATES $ 3.6 BILLION 8. ASSOCIATED WHOLESALE GROCERS $ 3.3 BILLION 9. ACE HARDWARE $ 3.1 BILLION 10. UNIFIED WESTERN GROCERS $ 2.9 BILLION SOURCE: National Cooperative Bank, Washington, D.C. TOP TEN PRIVATE COMPANIES INVOLVED IN CORPORATE AGRIBUSINESS [Rank, Rank among all U.S. private corporations in parenthesis, 1999 revenues, businesses] 1. (1) CARGILL $48 billion International marketer & processor agricultural & industrial commodities 2. (2) KOCH INDUSTRIES $36 billion Oil, chemical, minerals, energy, environmental technology, ranching 3. (4) MARS $15.3 billion file:///C|/Documents%20and%20Settings/witzmans/Deskto...space%20pdf's%20in%20progress/012701_files/012701.htm (2 of 4) [1/30/2009 2:33:32 PM] Agricultural Update Makes candy, icre cream, meals & pet food, processes rice, electronics 4. (7) PUBLIX SUPER MARKETS $13 billion 631 supermarkets in Alabama, Florida, Georgia & South Carolina 5. (9) CONTIGROUP COMPANIES $10 billion Process poultry, pork & beef, mills flour & feed 6. (11) MEIJER $9.5 billion General merchandise & grocery stores in the Midwest 7. (15) HE BUTT GROCERY $8.2 billion H-E-B & H-E-B Pantry Food stores, milk plant & bread bakery in Texas 8. (17) ARAMARK $7.1 billion Food & support services, uniforms, child care & development services 9. (18) C & S WHOLESALE GROCERS $7.1 billion Wholesale food to supermarkets, retail stores & military bases 10. (21) ALLIANT EXCHANGE $6.5 billion Distributes food to restaurants, hotels, hospitals & other facilities SOURCE: FORBES: 500 Biggest Private Cos., FORBES, November 27, 2000 Ranking of Importance of Missouri Agricultural Commodities (farm level) Below is a table that lists, by year, the percentage contribution of Missouri agricultural commodities to the overall value of Missouri agricultural commodities produced. The commodities have been ordered (ranked) by the average contribution over the 1992 to 1999 period. The overall value of Missouri agriculture is defined here as the cumulative farm-level value of production. The values listed below should not be confused with economic value added, which values would be inclusive of all Missouri economic activity generated through the production and processing of that commodity. Contribution of Commodity to the Overall Value of Missouri Agriculture 1992 1993 1994 1995 1996 1997 1998 1999 All $4,227,759,000 $4,155,728,000 $4,502,097,000 $4,373,950,000 $4,895,640,000 $5,397,020,000 $4,753,898,000 $4,255,850,000 commodities % of Total Agricultural Product Value Soybeans 20.355% 18.387% 19.146% 20.493% 18.701% 21.404% 21.280% 16.878% Cattle and 20.866% 21.603% 21.190% 16.174% 13.152% 17.135% 15.964% 20.427% calves Hogs 10.570% 13.084% 11.123% 13.476% 14.216% 13.732% 11.369% 10.626% Corn 11.743% 10.818% 10.519% 9.864% 14.162% 12.420% 12.324% 10.622% Milk, 8.951% 8.587% 7.822% 7.861% 7.415% 5.912% 7.669% 7.561% wholesale Broilers 4.357% 5.160% 5.556% 6.406% 8.113% 7.469% 8.765% 9.769% Turkeys 3.492% 4.305% 4.562% 4.940% 4.736% 4.171% 5.035% 6.513% Wheat 4.455% 3.304% 3.418% 4.351% 3.473% 3.595% 2.721% 2.263% file:///C|/Documents%20and%20Settings/witzmans/Deskto...space%20pdf's%20in%20progress/012701_files/012701.htm (3 of 4) [1/30/2009 2:33:32 PM] Agricultural Update Cotton lint, 3.267% 2.600% 4.300% 4.186% 3.798% 3.100% 3.064% 2.682% upland Hay 2.279% 2.974% 2.312% 1.894% 2.031% 2.062% 2.526% 2.686% Sorghum 2.032% 1.787% 2.032% 1.931% 1.887% 1.437% 1.014% 0.760% grain Chicken 1.318% 1.510% 1.373% 1.588% 1.889% 1.571% 1.612% 1.708% eggs Rice 0.853% 0.642% 1.007% 1.028% 1.112% 1.068% 1.384% 1.544% Floriculture 0.838% 0.915% 0.835% 0.834% 0.712% 0.781% 0.882% 0.978% Cottonseed 0.453% 0.381% 0.505% 0.484% 0.555% 0.467% 0.333% 0.355% Tobacco 0.171% 0.152% 0.295% 0.213% 0.247% 0.203% 0.214% 0.144% Potatoes, 0.196% 0.210% 0.225% 0.203% 0.192% 0.146% 0.203% 0.232% summer Apples 0.173% 0.209% 0.145% 0.158% 0.152% 0.199% 0.121% 0.190% Watermelons 0.100% 0.120% 0.134% 0.183% 0.090% 0.102% 0.128% 0.105% Sheep and 0.093% 0.086% 0.102% 0.108% 0.096% 0.078% 0.080% 0.099% lambs Peaches 0.057% 0.043% 0.036% 0.065% 0.031% 0.062% 0.075% 0.103% Farm 0.062% 0.090% 0.089% 0.061% 0.043% 0.030% 0.043% 0.021% chickens Catfish 0.057% 0.060% 0.039% 0.067% 0.036% 0.037% 0.040% 0.067% Christmas 0.090% 0.041% 0.039% 0.040% 0.036% 0.033% 0.038% 0.043% trees Trout 0.050% 0.039% 0.035% 0.045% 0.042% 0.037% 0.038% 0.043% Honey 0.028% 0.025% 0.023% 0.026% 0.031% 0.027% 0.024% 0.025% Grapes 0.020% 0.021% 0.028% 0.025% 0.020% 0.017% 0.025% 0.038% Oats 0.029% 0.017% 0.016% 0.020% 0.027% 0.019% 0.010% 0.009% Wool 0.006% 0.005% 0.006% 0.008% 0.004% 0.004% 0.001% 0.002% Prepared by Joe Parcell, Extension Economist, Department of Agricultural Economics, University of Missouri. To contact Joe, call 573-882-6533, or e-mail [email protected]. All copies of this publication are accessible through AgEBB. University Outreach and College of Agriculture, Food, | AgEBB | Extension and Natural Resources file:///C|/Documents%20and%20Settings/witzmans/Deskto...space%20pdf's%20in%20progress/012701_files/012701.htm (4 of 4) [1/30/2009 2:33:32 PM] .