Riceland Foods

Last updated
Riceland Foods, Inc.
Company type Agricultural & Manufacturing Cooperative
Industry Agriculture/Manufacturing/Grain Sales
Founded1921 (1921)
Headquarters
Stuttgart, Arkansas
,
United States
Area served
global
Key people
Kevin McGilton (CEO) Roger Pohlner (Chairman)
ProductsRice, soy, and grain byproducts
Revenue$1.3 billion (2022)
Members6,000 farmer members
Website riceland.com

Riceland Foods, Inc. is a farmer-owned rice and soybean marketing cooperative with headquarters in Stuttgart, Arkansas, United States. The cooperative was founded in 1921 and has become a major rice and grain miller and a global marketer of the same. Approximately 5000 farmers own or deliver to the cooperative which operates six rice mills including the world's largest in Jonesboro, Arkansas. The cooperatives principal purpose is to utilize efficiencies of scale to generate increased farmer returns through receiving, storing, milling, packaging, and marketing rice, vegetable oil, meal and byproducts to markets around the globe. [1]

Contents

Cooperative Board of Directors

Riceland Foods is led by a Board of Directors elected by the Farmer member owners that deliver grain to the cooperative. [2] In Dec. 9th 2021, they announced an intended $13.2 million expansion to the plan. As of 2021, they employed approximately 1,500 workers companywide. [3]

Leadership

Kevin McGilton was announced as the CEO of Riceland Foods, Inc. on December 8th, 2023. [4]

Sales as of fiscal year end July 31

YearRevenueReference
2007$947 M [5]
2008$1.23 B [6]
2009$1.30 B [7]
2010$1.10 B [8]
2011$1.10 B [9]
2012$1.15 B [10]
2013$1.32 B [11] [12]
2014$1.16 B [13] [14]
2015$1.12 B [15]
2016$1.01 B [16]
2017$941 M
2018$955 M
2019$980 M
2020$868 M
2021$995 M [17]
2022$1.21 B [18] [19]
2023$980 M
2024

Products and Services

Riceland has been responsible for up to one-third (or more) of the total U.S. rice crop. [20] Riceland also sells rice, oil & other grain products to food service distributors, wholesalers, export markets, and in many grocery stores.

Rice milling Riceland operates five rice mills and two parboiling plants with two major rice milling centers in Stuttgart and Jonesboro, Arkansas. [21]

Grain storage Riceland has been listed as a Top 10 grain storage company in the United States. [22]

Food service products Riceland supplies rice and oil products to the food service industry. [23]

Edible oils Riceland's edible oil refinery at Stuttgart refines crude oils extracted from soybeans and rice bran into oil and shortening products. Corn, canola, peanut and cottonseed oils are also refined and blended. [24]

References

  1. ↑ "Encyclopedia of Arkansas". Encyclopedia of Arkansas. Retrieved 2023-09-26.
  2. ↑ Leader, Stuttgart Daily (2022-05-12). "Riceland members select John Hamilton for board of directors". Stuttgart Daily Leader. Retrieved 2023-09-26.
  3. ↑ "Riceland Foods Investing $13M to Expand Arkansas Rice Plants". Food Manufacturing. 2021-12-10. Retrieved 2023-09-26.
  4. ↑ "Riceland Foods announces leadership transition". talkbusiness.net. Retrieved 2023-12-10.
  5. ↑ Income, revenue climb at Riceland Foods. EBSCO Host Connection,January 2008
  6. ↑ Rice Milling..
  7. ↑ Riceland Foods Sales At $1.3B For Fiscal Year. Associated Press, 25 Nov. 2009,
  8. ↑ Arkansas Business
  9. ↑ Riceland Reports $1.1 Billion in Sales. Arkansas Business,18 Nov. 2011.
  10. ↑ Arkansas Agriculture Interests Strengthen Revenues. Arkansas Business, 20 May 2013.
  11. ↑ Riceland reports best year in history at annual meeting Stuttgart Daily Leader. 22 Nov 2013
  12. ↑ Stuttgart Rice Mills Make Top 100 List of U.S. Cooperatives, October 8, 2015 Talk Business & Politics, Oct 8, 2015.
  13. ↑ Riceland sales total $1 billion-plus for 7th consecutive year Stuttgart Daily Leader. 25 Nov 2014
  14. ↑ Stuttgart Rice Mills Make Top 100 List of U.S. Cooperatives, October 8, 2015 Talk Business & Politics, Oct 8, 2015.
  15. ↑ Riceland reports $1B in Sales for 8th year in a row Stuttgart Daily Leader, Nov 20, 2015.
  16. ↑ Riceland reports $1B in Sales for 9th year in a row Stuttgart Daily Leader, Nov 7, 2016.
  17. ↑ "Riceland Foods Revenue Hits $1.2B". Arkansas Business. Retrieved 19 May 2023.
  18. ↑ "Riceland Foods Reports $1.2B in Revenue at Annual Meeting". Arkansas Money & Politics. Retrieved 19 May 2023.
  19. ↑ "Riceland Foods reports $1.2 billion in revenues". Talk Business & Politics. Retrieved 19 May 2023.
  20. ↑ "Community Profile: Ducks and Rice Are Staples in Stuttgart, Ark". www.stlouisfed.org. Retrieved 2023-09-26.
  21. ↑ "Changing Landscapes: From "The ASU Story" to Modern A-State: City History". Changing Landscapes: From "The ASU Story" to Modern A-State. Retrieved 2022-11-30.
  22. ↑ "Table 20. Largest U.S. Grain Storage Firms". www2.econ.iastate.edu. Retrieved 2022-11-30..
  23. ↑ "Foodservice Rice". www.riceland.com. Retrieved 2022-11-30.
  24. ↑ "Home". Rito Partnership. Retrieved 2023-09-26.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.