Agriculture Analysis

Part
01
of six
Part
01

Agriculture Businesses - Large

The six largest global agricultural companies, by revenue, are Cargill, Archer Daniels Midland Company, Deere & Company, Corteva Agriscience, Nutrien and Monsanto Company.

Cargill

  • Cargill is the largest agricultural company in the world, responsible for exporting American meat and grain. They are an industry leader in animal nutrition and work in almost all aspects of Agriculture, including livestock, aquaculture, and feed manufacturing.
  • Cargill has 150,000 employees, operates in forty countries, and is headquartered in the United States.
  • Cargill has an annual revenue of $107.20 billion.

Archer Daniels Midland Company

  • Archer Daniels Midland Company is a processor of oilseed, corn, wheat and other agricultural products to make food products, biodiesel and ethanol.
  • The company has 32,300 employees, is headquartered in Illinois, runs 270 processing plants.
  • Archer Daniels Midland Company has a revenue of $62.35 billion.

Deere & Company

  • Deere & Company manufacturers agricultural equipment including tractors, harvesters, cotton pickers, combines, and forestry equipment. The company also makes construction equipment, lawn mowers, and diesel engines. In addition, the company manufactures field turf.
  • The company has 60,476 employees and is headquartered in the USA.
  • Deere & Company has a revenue of $18.49 billion.

Corteva Agriscience

  • Corteva, which as formed when DowDuPont split, provides agricultural chemicals and seeds.
  • The company has 20,000 employees.
  • The company will have a forecast $14.3 billion in net sales in 2019.

Nutrien

  • Nutrien, formerly Agrium Inc. and PotashCorp, supplies agricultural nutrients and fertilizer.
  • The company has 15,500 employees. It is headquartered in Canada.
  • Nutrien has an annual revenue of $13.67 billion.

Monsanto Company

  • Monsanto Company provides seeds, biotechnology trait products, and herbicides.
  • The company has 20,500 employees and is headquartered in the USA.
  • Monsanto has a revenue of $13.50 billion.

Research Strategy

Companies were determined to be the largest global agricultural companies by revenue based off of two pre-compiled lists. The only exception was Corteva Agriscience, which was established after the split of DowDuPont into three distinct companies, completed June 1st 2019. Therefore, Corteva Agriscience replaced DowDuPont, based on their forecast $14.3 billion in net sales in 2019 (in place of revenue, which was unavailable).
Part
02
of six
Part
02

Agriculture Businesses - Mid Sized

The top six global midsize agricultural businesses are The Scoular Company, Sunkist Growers, Landus Cooperative, Organic Valley, the Van Diest Supply Company and Greco and Sons, Inc.

The Scoular Company

  • The Scoular Company "provides diverse supply chain solutions for end-users and suppliers of grain, feed ingredients, and food ingredients."
  • Scoular has 1,000 employees.
  • In 2019, the company had an estimated $4.2 billion in sales.

Sunkist Growers

  • Sunkist is a citrus cooperative with 20 processing plants serving farmers in California and Arizona.

Landus Cooperative

  • Landus Cooperative is a farmer-owned cooperative serving soybean farmers in Iowa and Minnesota with agronomy services, precision Ag, field services, AcreEdge soybean seed, grain marketing and animal nutrition.
  • Landus Cooperative has 600 employees.
  • The company has revenues of more than $1.2 billion annually.

Organic Valley

  • Organic Valley is a dairy farmer cooperative that collectively markets dairy products, including Organic Valley brand milk.

Van Diest Supply Company

Greco and Sons, Inc.

  • Greco and Sons is a worldwide distributor of premium food products and a manufacturer of Italian Sausage.
  • The company has between 500 and 1,000 employees,
  • Greco and Sons has an estimated annual revenue of $17.6 million.

Research Strategy

The research team identified the mid-sized agricultural companies with the largest revenues by first identifying a list of the largest 100 global agriculture companies by revenue. Then, we sorted those companies by revenue and employee size, and from there identified the six with the top revenues that had no more than 1,000 employees by checking each individual company to ensure they had no more than 1,000 employees.

Since all companies were private, the research team used company websites, third party business databases, and press releases/media coverage to identify revenue and employee count. In some instances, we could only provide a range of employees and annual sales in lieu of revenue.
Part
03
of six
Part
03

Large Agribusiness Evaluation 1

Information on the executive teams, supply and procurement teams, annual reports, and recent news of Cargill, Archer Daniels Midland Company and Deere & Company can be found below.

Cargill

  • The Cargill executive team consists of David MacLennan as the CEO, LeighAnne Baker as the Chief Human Resources Officers, Julian Chase as the Chief Transformation Officers, David Dines as CFO, Ruth Kimmelshue as Chief Sustainability Officer, and Anna Richo as General Council and Chief Compliance Officer.
  • Ruth Kimmelshue is head of Business Operations & Supply Chain, Brian Sikes is head of the Protein & Salt division, and Joe Stone is head of the agricultural supply chain.
  • Todd Stohlmeyer is VP of Global Strategic Sourcing & Procurement for Cargill and Binh Tran is the North America Sourcing & Procurement Leader at Cargill. Mark Ratcliffe is VP of Global Business Operations & Supply Chain at Cargill. Kallol Mandal is the Supply Chain Director for the North America Region at Cargill.
  • The 2019 annual report is available here.
  • In January 2019, Cargill named Jon Nash as the head of the North American Protein division.
  • Cargill had one major recall in 2019, that of Southern States® feed.
  • Cargill acquired Smet in April 2019 to grow their gourmet chocolate offerings.
  • Cargill announced innovations including CremoFLEX filling fats for food manufacturing, a new fish feed in partnership with InnovaFeed, a plant-based alternative to omega-3 fish oil, new investments in sugar-reduced chocolate, and commercial production of their EverSweet™ stevia sweetener.

 Archer Daniels Midland Company

  • Juan R. Luciano is CEO, Ben Bard is Chief Compliance Officer, Veronica L. Braker is Senior VP of Global Operations, Michael D’Ambrose is Chief Human Resources Officer, D. Cameron Findlay is General Counsel, Kristy Folkwein is Chief Information Officer, Patricia Logan is Chief Audit Executive, Todd A. Werpy is Chief Technology Officer and Ray G. Young is Chief Financial Officer.

Deere & Company

  • The executive team at Deere & Co consists of John C. May as CEO, Ryan D. Campbell as CFO, Marc A. Howze as Chief Administrative Officer, Mary K. W. Jones as General Counsel, and Rajesh Kalathur as Chief Information Officer.
Part
04
of six
Part
04

Large Agribusiness Evaluation 2

Information on the executive teams, supply and procurement officers, annual reports, and recent news of Corteva Agriscience, Nutrien and Bayer/Monsanto Company can be found below.

Corteva Agriscience 

  • The Corteva Agriscience executive team includes James C. Collins as CEO, Gred Friedman as CFO, Rajan Gajaria as Executive Vice President Business Platforms, Tim Glenn as Chief Commerical Officer, Meghan Cassidy as Chief Human Resources Officer, Cornel Fuerer as General Counsel, Neal Gutterson as Chief Technology Officer, Debra King as Chief Information Officer, Susan Lewis as Senior Vice President Enterprise Operations, and Ramiro De La Cruz is Senior as Vice President, Transformation Office.
  • Aylin Bartlett is Global Crop Protection Supply Chain Director for Corteva Agriscience. Craig Reed is Chief Procurement Officer. Balaji Venkataraman is the Global Director of Manufacturing and Technology.
  • The company was formed in 2019 and therefore has no annual reports as yet.
  • The biggest news for Corteva Agriscience in 2019 was their launch on the New York Stock Exchange and their separation from DowDuPont.
  • In 2019, they built their Board of Directors, which was completed with the appointment of Marcos Lutz. They also announced the appointment of Dr. Klaus Engel and Rebecca Liebert to the board.
  • Neal Gutterson announced his planned retirement as Senior Vice President and Chief Technology Officer, effective in the second half of 2020.
  • The company acquired Clearfield® Canola Production System and partnered with MicroMGx.
  • Corteva launched new products including LANDVisor™, a digital technology for ranchers and land managers, Enlist E3™ Soybeans and Qrome® Corn.

 Nutrien 

  • The executive team of Nutrien includes Charles Magro as CEO, Pedro Farah as CFO, Michael J. Frank as CEO of Retail, Susan Jones as Executive Adviser to the CEO, Robert Kirkpatrick as Chief Legal Officer, Leslie O’Donoghue as Executive Adviser to the CEO, Brent Poohkay as Chief Information Officer, Ken Seitz as CEO of Potash, Raef Sully as CEO of Nitrogen and Phosphate, Mark Thompson as Chief Corporate Development & Strategy Officer, and Michael Webb as Chief Human Resources and Administrative Officer.
  • Shane Curley is the Vice President of Strategic Procurement at Nutrien.
  • The 2018 annual report is available here.
  • In 2019, Nutrien acquired Actagro, Van Horn, Inc, and Ruralco.
  • The company also announced a change in the size of their Board of Directors, down to 12 directors, and the promotion of Mayo Schmidt to Board Chair after the retirement of Derek Pannell. Jerry Grandey and Anne McLellan are also retiring from the board.

 Bayer/Monsanto Company 

  • Bayer is run by a Board of Management that includes Werner Baumann as Chairman, Liam Condon as President of Crop Science, Hartmut Klusik as President of Human Resources, Technology & Sustainability, Kemal Malik as President of Innovation, Wolfgang Nickl as President of Finance, Stefan Oelrich as President of Pharmaceuticals, and Heiko Schipper as President of Consumer Health.
  • Bayer announced in September 2019 that the Board of Management will be reduced by two positions, those of Hartmut Klusik and Kemal Malik, effective December 31st, 2019.
  • The leadership team of the Crop Sciences Division of Bayer, formerly Monsanto, includes Liam Condon as President of Crop Sciences, Brett Begemann as COO, Dr. Bob Reiter as Head of Research and Development, Dr. Dirk Backhaus as Head of Product Supply, Frank Terhorst as Head of Crop Strategy and Portfolio Management, Michael Schulz as CFO, Dr. Michael Stern as Head of Climate Corporation and Digital Farming, Martin Dawkins as Head of Post-Merger Integration, Gabriele Oehlschlaeger as Human Resources Business Partner, Dr. Lars Benecke as Head of Law, Patents and Compliance, and Ingo Elfering as CIO and Head of Digital Transformation.
  • Bill Jolly is the VP, Global Vegetable Product Supply at Bayer Crop Science. Steve Stewart is the Global Director, Supply Chain — Crop Protection Business at Bayer Crop Science. Gülşen Bostancı is a Senior Procurement Manager at Bayer Crop Sciences, and Minhaj Momin is a Procurement Officer at BayerCrop Science.
  • The 2018 Bayer annual report can be found here.
  • One important topic in the news for Bayer Crop Sciences division has been the litigation surrounding glyphosate in agricultural chemicals, which began prior to the acquisition of Monsanto by Bayer. Bayer created a Supervisory Board committee to deal with this litigation and retained U.S. lawyer John H. Beisner.
  • Bayer allowed MariboHilleshög a license for their Conviso™ Smart weed control system.
  • Bayer also signed a distribution agreement with AlphaBio Control for their biological pest control products.
  • Bayer launched a new fungicide iblon™, which has the active ingredient isoflucypram.
  • Ertharin Cousin was appointed a member of the Bayer AG Supervisory Board, following the resignation of Thomas Ebeling. Bayer also appointed Ingo Elfering as Crop Science CIO and Head of Digital Transformation, beginning October 1, 2019.
  • Bayer expanded their FieldView digital platform to Europe.
Part
05
of six
Part
05

Mid-Sized Agribusiness Evaluation 1

Information on the executive teams, supply/procurement/manufacturing officers, and recent news for The Scoular Company, Sunkist Growers and the Landus Cooperative has been provided below.

The Scoular Company 

  • The executive team at the Scoular company consists of David Faith as Chairman, Paul Maass as CEO, Andrew Kenny as CFO, Kurt Peterson as Chief Human Resources Officer, Jeff Schreiner as Chief Information Officer, Megan Belcher as Sr. VP and General Counsel, Bill Hahn as Sr. VP, Bob Ludington as Sr. VP and Division General Manager, John Messerich as Sr. VP and Division General Manager, Ed Prosser as Sr. VP, and Bryan Wurscher as Sr. VP and Division General Manager.
  • Nate Meyer is a Supply Chain Manager for Asia, North America and Europe for Scoular. Carolyn Barless is a Supply Chain Manager for Scoular, as is Codi Ens.
  • The company is private and does not provide an annual report, however, they do provide a Corporate Profile for 2019.
  • In 2019, the Scoular Company named Amy Bailey Director of Brand Marketing & Corporate Communications and Derek Farmer Director of Occupational Safety. The company also named Adrian Gasparian the Managing Director of Asia-Pacific.
  • The company announced the planned opening of a new manufacturing facility Seward, Nebraska.
  • The company also launched Petsource, a new pet food ingredient company.

 Sunkist Growers 

  • No supply chain officers, manufacturing officers, or procurement officers could be found for Sunkist Growers.
  • The company is privately held, therefore, they do not have an annual report.
  • Sunkist reported growth for 2018 at their annual meeting.
  • The company also announced some high level personnel changes, including the retirement of CEO Russ Hanlin, the promotion of Cassie Howard to Director of Category Management, the promotion of Jeff Gaston to Managing Director of North American Sales, the promotion of Brian Slagel to the new role Director of Southeastern Regional Sales and the hire of Timothy Forseth as Director of Western Sales. Additionally, the company hired Matt Shekoyan as Vice President of Strategy.

 Landus Cooperative 

  • The executive team at Landus Cooperative includes Mark Miner as interim CEO and CFO, Brett Bell as COO, Ron Dejongh as Chief Commodity Marketing Officer, Ryan Risdal as Chief Marketing and Communications Officer, Janelle Thomas as Chief Human Resources Officer, Mark Cullen as Chief Animal Nutrition Officer, Robert Barker as Chief Information and Technology Officer, and Tim Unruh as Chief Agronomy Officer.
  • Eric Lerdal is Director Of Procurement at Landus Cooperative while Randy Sandage is Director of Procurement Fertilizer and Crop protection.
  • Landus Cooperative is privately held and, therefore, they do not have an annual report.
  • In June 2019, Landus Cooperative entered into a commercial crushing agreement with Calyxt, Inc.
  • The company also launched a new corn hybrid, Armor® in September 2019.
  • In December 2019, the company announced the results of their Board of Directors elections, with Jim Carlson elected President and Nate Stewart elected as Vice President.
  • In early October, the cooperative announced the departure of CEO Milan Kucerak, effective Oct. 11th, 2019.

Research Strategy

In order to identify the executive team and supply/procurement/manufacturing officers for Sunkist Growers, we first checked the Sunkist company website and press releases. While this provided some information about high level positions, it did not provide the names of a full executive leadership team nor any supply/procurement/manufacturing officers.

Next, we reviewed third party media articles about Sunkist Growers and their executive team, as well as looked for media articles on Sunkist Growers' supply and procurement management team. We hoped to find articles that quoted these individuals. While this again was successful for some high level positions, we were unable to identify any supply/procurement/manufacturing officers.

Finally, we reviewed the LinkedIn profile of Sunkist and looked through the employees that are active on LinkedIn. While we again were able to find some executive and high level employees utilizing this strategy, we were unable to identify any job titles including supply, procurement, manufacturing nor any officers.
Part
06
of six
Part
06

Mid-Sized Agribusiness Evaluation 2

Information about the executive teams, supply/procurement/manufacturing officers, and any available recent news for Organic Valley, Van Diest Supply Company and Greco and Sons, Inc. has been provided below.

Organic Valley 

  • Bob Kirchoff is interim CEO and Chief Business Officer. Eric Newman is Executive Vice President for Sales while George Konovalov is VP, Sales, Retail Grocery and Dennis O’Loughlin is VP, Sales Operations. Wayne Shaker is VP, Sales, Emerging Channels and Jim Jarman is Organic Valley’s VP, Sales, Private Label and Ingredients. Joel Mellor is VP, E-Commerce. Lewis Goldstein is EVP of Marketing, while Daniel Bukowski is VP of Sales. Frank Dravis is CIO, while Ty Brannen is EVP Supply Chain. David Poremba is CFO while Louise Hemstead is COO. Jerry McGeorge is Vice President of Cooperative Affairs. Melissa Hughes is Chief Mission Officer.
  • Ty Brannen is EVP of Supply Chain while Craig Keppley is Director of Supply Chain and Sales Analytics at Shenandoah Valley Organic. Jennifer Schmitz is a Supply Chain Manager, while Rebecca Gretebeck is Director of Supply Chain. Bonnie Paquette is Director of Purchasing.
  • Organic Valley is a privately held company, therefore, there is no annual report. However, the company did announce that 2018 annual sales were over $1.1 billion.
  • In March 2019, CEO George Siemon stepped down, to be replaced by interim CEO Bob Kirchoff.
  • In August 2019, Organic Valley FUEL® High-Protein Ultra-Filtered Organic Milk Shake, which was the first ever "organic coffee milk protein shake." In July, the company announced the launch of Organic Valley Ultra™, the First Organic Ultra-Filtered Milk.
  • Organic Valley announced that they are the largest food company to be 100% renewably powered in the world.
  • The company also partnered with Maple Hill to launch a new Certified Grass-Fed Organic Livestock Program and Certification Mark.

 Van Diest Supply Company 

  • The executive team of the Van Diest Supply Company includes Bob Van Diest as Chairman, Jake Van Diest as President and CEO, John Van Diest as VP, Lee Trask as VP of Manufacturing, Dann Watson as VP of Specialty products, Gregg Olson as Treasurer, Jody Klaver as Controller, Clark Vold as Manufacturing Coordinator, Mark Davis is Manufacturing Coordinator, Jim Heerema is Credit Manager, Tim Nilles is Inventory Manager, Karleen Carlson is IT Manager, Carolyn Cross is Personnel manager, Joel Abbott is Marketing Specialist, Dan Asklund is Marketing Specialist, and Geary Meyer is Marketing Specialist.
  • Lee Trask is VP of Manufacturing, and Clark Vold and Mark Davis are Manufacturing Coordinators.
  • The company is privately held, therefore, they do not have an annual report.
  • No recent news about the company was found.

Greco and Sons, Inc. 

  • James Kallas is a Procurement Specialist at Greco and Son's.
  • Greco and Sons is privately held and, therefore, they do not have an annual report.
  • No recent news about the company was found.

Research Strategy

No news was found for the Van Diest Supply Company or Greco and Sons, Inc. The research team began the search for recent news on each company's official websites. However, neither site had any recent news.

Next, we turned to each company's official social media pages. While Greco and Sons, Inc had an active Facebook page, all the posts were advertisements or similar. Van Diest Supply Company has an active YouTube page, however, the only video for 2019 was an informational video about the company, and not news.

Finally, for each company, we looked for media coverage about them by third party media like local newspapers or media stations. However, we found no recent news for Greco and Sons and the only recent information we found for Van Diest Supply Company was a case study.
Sources
Sources

From Part 03
From Part 04
From Part 05
From Part 06