Agribusiness Profit 1999

Between The Furrows / CARP 15jan01

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.

ALBERTSON’S . . . . . . . . . . . . . . . . . . . . . . . . . .9.7%                  9.1%
BRINKER INTERNATIONAL . . . . . . . . . . . .  .11.5%                15.1%
CASEY’S GENERAL STORE . . . . . . . . . . . . . 10.3%                10.0%
DARDEN RESTAURANTS . . . . . . . . . . . . . . . . 8.8%                14.7%
JACK IN THE BOX . . . . . . . . . . . . . . . . . . . . .  19.4%                221.%
MCDONALDS . . . . . . . . . . . . . . . . . . . . . . . . . . 12.7%               13.0%
OUTBACK STEAKHOUSE . . . . . . . . . . . . . . . . 25.8%              24.4%
PERFORMANCE FOOD . . . . . . . . . . . . . . . . . . 11.4%              10.0%
ROYAL AHOLD . . . . . . . . . . . . . . . . . . . . . . . . .  8.3%                 5.7%
SAFEWAY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  8.4%               12.7%
SUPERVALUE . . . . . . . . . . . . . . . . . . . . . . . . . . 10.9%                 9.1%
SYSCO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.4%               18.5%
WENDY’S INTERNATIONAL . . . . . . . . . . . . .  .10.7%               12.0%
WAL-MART STORES . . . . . . . . . . . . . . . . . . . . . 16.4%               15.9%

SOURCE: FORBES: America’s 400 Best Big Companies. FORBES, January 8, 2001

TOP FIVE U.S. GROCERY RETAILERS
 
1997                                         2000
 
Kroger Co.                                Kroger Co.
Safeway                                    Wal-Mart
American Stores                         Albertson’s
Albertson’s                                Safeway
Ahold USA                                Ahold USA
CR5 = 24%*                              CR5 = 42%**

CR 5 refers to percent of market share held by the top five retailers.

SOURCE: * Pacific Crest Securities, January 8, 1999
** Supermarket News, January 24, 2000

1999 FOOD , DRINK & TOBACCO  COMPANY LEADERS BASED ON PERCENTAGE OF RETURN ON CAPITAL

                                                            5-YR. AVERAGE  LATEST 12 MOS.

ANHEUSER BUSCH COS . . . . . . . . . . . . . . . . . .15.0%                 16.8%
BROWN-FOREMAN . . . . . . . . . . . . . . . . . . . . . .. 19.7%                 19.5%
CAMPBELL SOUP . . . . . . . . . . . . . . . . . . . . . . .  34.2%                 42.3%
COCA COLA . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40.7%                 17.7%
H.J. HEINZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.8%                 19.5%
HORMEL FOODS . . . . . . . . . . . . . . . . . . . . . . . . 14.9%                 17.3%
MCCORMICK & CO. . . . . . . . . . . . . . . . . . . . . . . 15.7%                 23.4%
PEPSICO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.6%                 20.1%
PHILIP MORRIS . . . . . . . . . . . . . . . . . . . . . . . . . . 24.7%                 30.9%
PILGRIM’S PRIDE . . . . . . . . . . . . . . . . . . . . . . . . 12.5%                 11.5%
SARA LEE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19.9%                 31.9%
SMITHFIELD FOODS . . . . . . . . . . . . . . . . . . . . .  11.4%                  7.7%
UST INC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89.9%                75.8%
WILLIAM WRIGLEY JR. . . . . . . . . . . . . . . . . . . .  28.3%                27.4%

SOURCE: FORBES: America’s 400 Best Big Companies. FORBES, January 8, 2001

TOP TEN PRIVATE COMPANIES INVOLVED IN CORPORATE AGRIBUSINESS
[Rank, Rank among all U.S. private corporations in paranthesis, 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
   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

 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.

AGRIBUSINESS:
"The term agribusines means more than just owning and cultivating the land to raise crops and livestock (agriculture production). The term also refers to the financing of agriculture and the manufacturing, transporting, wholesaling, and distribution of farm machinery,fertilizers, chemical poisons, seed, feed and packaging materials (agricultural inputs). Agribusiness also manufactures, processes and markets food (agricultural outputs)."
--- A.V. Krebs, The Corporate Reapers: The Book of Agribusiness

CORPORATION:
"That inglorious device for obtaining individual profit without individual responsibility."
--- Ambrose Bierce, The Devil's Dictionary

source: Between The Furrows - Plowing the Fertile Factual Fields of Corporate Agribusiness An AGRIBUSINESS EXAMINER Supplement A.V. Krebs, Editor\Publisher Issue #1 15jan01

RECOMMENDED WEB SITE:
CORPORATE AGRIBUSINESS RESEARCH PROJECT

Readers of THE AGRIBUSINESS EXAMINER are reminded that past issues of the newsletter can be found at the Corporate Agribusiness Research Project’s web site on the Internet. The CARP web site features: THE  AGBIZ  TILLER, THE AGRIBUSINESS EXAMINER and "Between the Furrows."

THE AGBIZ TILLER, the progeny of the one-time printed newsletter, now becomes an on-line news feature of the Project. In-depth essays dealing with corporate agribusiness activities are posted here periodically.

In "Between the Furrows," besides a modern search engine, there is a wide range of pages designed to inform and educate readers on the inner workings of corporate agribusiness. In addition to CARP's "Mission  Statement," "Overview" and the Project director's "Publication Background," the viewer will find a helpful "Fact  Miners" page which is an effort to assist the reader in the necessary art of researching corporations; a page of  "Quotable Quotes" pertaining to agribusiness and corporate power; a  "Links" page which allow the reader to survey various useful public interest, government and  corporate web sites; a "Feedback" page for reader input, and  a page where readers can order  directly the editor's The Corporate Reapers: The Book of  Agribusiness.

Simply by clicking on either of the addresses below all the aforementioned features and information are yours to enjoy, study, absorb and sow.

http://www.ea1.com/CARP/
http://www.ea1.com/tiller/