Cargill — the $115 billion-in-sales agricultural giant has topped Forbes’ list of America's largest private companies for 28 of the past 30 years reports Forbes.
In recent years, Cargill has become a major supplier of fish feed to salmon, tilapia and shrimp farmers around the world. Now it is considering whether it should start its own farms, and experiments in Elk River, MN, are all about creating viable and profitable farms.
Cargill has approached aquaculture with particular seriousness, investing billions of dollars in that division since 2015. It’s already paying out. The fish-feed business alone already makes up an estimated $300 million in profit.
“Aquaculture represents a big opportunity for Cargill,” CEO David MacLennan told Forbes. “Cargill’s broad expertise and experience…uniquely positions us to lead that growth.”
