Crop Giant Cargill Reports Biggest Profit in 156-Year History
- Company had almost $5 billion in net income during fiscal 2021
- Record bottom line posted in private report seen by Bloomberg
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Commodity powerhouse Cargill Inc. has cashed in on booming agricultural markets with the most profitable year in its 156-year history.
The largest private U.S. company, which dominates markets such as corn, had almost $5 billion in net income during its 2021 fiscal year through the end of May, according to annual financial reports seen by Bloomberg News. The profit boom shows the bonanza enjoyed by commodity merchants during the Covid-19 pandemic.