Type | Agricultural & Manufacturing Cooperative |
---|---|
Industry | Agriculture/Manufacturing/Grain Sales |
Founded | 1921 |
Headquarters | , |
Area served | global |
Key people | Kevin McGilton (CEO) Roger Pohlner (Chairman) |
Products | Rice, soy, and grain byproducts |
Revenue | $1.3 billion (2022) |
Members | 6,000 farmer members |
Website | riceland |
Riceland Foods, Inc. is the largest farmer-owned rice & soybean marketing cooperative in the world with headquarters inStuttgart, Arkansas. USA. The cooperative was founded in 1921 and has become a major rice & 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 & byproducts to markets around the globe. [1]
Riceland is a Soybean and soy oil processor in the Mississippi Delta region of Arkansas where milling, pressing, packaging and distribution occurs. It refines soybean and other vegetable oils for food service and food manufacturing companies. By-products that are commercially marketed include organic gardening amenities like PBH (pasteurized rice hulls), and rice hull ash which are bio-degradable bio-renewable soil supplement replacements for perlite and vermiculite. [2]
Riceland Foods is led by a Board of Directors elected by the Farmer member owners that deliver grain to the cooperative. [3] 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. [4]
Kevin McGilton was announced as the CEO of Riceland Foods, Inc. on Dec. 8th, 2023. [5] At the time of McGilton's appointment he had been at Riceland Foods for 20 years. Prior to the appointment he served as VP of Government Affairs & Chief of Staff after a long period as VP of Export Sales. Prior to joining Riceland, he worked for USA Rice in Washington, D.C.
Year | Revenue | Reference |
---|---|---|
2007 | $947 M | [6] |
2008 | $1.23 B | [7] |
2009 | $1.30 B | [8] |
2010 | $1.10 B | [9] |
2011 | $1.10 B | [10] |
2012 | $1.15 B | [11] |
2013 | $1.32 B | [12] [13] |
2014 | $1.16 B | [14] [15] |
2015 | $1.12 B | [16] |
2016 | $1.01 B | [17] |
2017 | $941 M | |
2018 | $955 M | |
2019 | $980 M | |
2020 | $868 M | |
2021 | $995 M | [18] |
2022 | $1.21 B | [19] [20] |
Riceland has been responsible for up to one-third (or more) of the total U.S. rice crop. [21] 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. [22]
Grain storage
Riceland has been listed as a Top 10 grain storage company in the USA. [23]
Food service products
Riceland supplies rice and oil products to the food service industry. [24]
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. [25]
Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, United States.
The soybean, soy bean, or soya bean is a species of legume native to East Asia, widely grown for its edible bean, which has numerous uses.
Stuttgart is a city in and the county seat of the northern district of Arkansas County, Arkansas, United States. Established by German settlers, it was named for its larger German counterpart. Known as the "Rice and Duck Capital of the World", the city is an international destination for waterfowl hunting along the Mississippi Flyway. Stuttgart is the most important city on the Arkansas Grand Prairie, a region known for rice cultivation. The economy is largely based on agricultural production, waterfowl tourism, and supporting industries. As of the 2010 census it had a population of 9,326.
Vegetable oils, or vegetable fats, are oils extracted from seeds or from other parts of fruits. Like animal fats, vegetable fats are mixtures of triglycerides. Soybean oil, grape seed oil, and cocoa butter are examples of seed oils, or fats from seeds. Olive oil, palm oil, and rice bran oil are examples of fats from other parts of fruits. In common usage, vegetable oil may refer exclusively to vegetable fats which are liquid at room temperature. Vegetable oils are usually edible.
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An agricultural cooperative, also known as a farmers' co-op, is a producer cooperative in which farmers pool their resources in certain areas of activity.
Rice hulls or husks are the hard protecting coverings of grains of rice. In addition to protecting rice during the growing season, rice hulls can be put to use as building material, fertilizer, insulation material, or fuel. Rice hulls are part of the chaff of the rice.
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
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For millennia, agriculture has played an important role in the Chinese economy and society. By the time the People's Republic of China was established in 1949, virtually all arable land was under cultivation; irrigation and drainage systems constructed centuries earlier and intensive farming practices already produced relatively high yields. But little prime virgin land was available to support population growth and economic development. However, after a decline in production as a result of the Great Leap Forward (1958–60), agricultural reforms implemented in the 1980s increased yields and promised even greater future production from existing cultivated land.
Animal feed is food given to domestic animals, especially livestock, in the course of animal husbandry. There are two basic types: fodder and forage. Used alone, the word feed more often refers to fodder. Animal feed is an important input to animal agriculture, and is frequently the main cost of the raising or keeping of animals. Farms typically try to reduce cost for this food, by growing their own, grazing animals, or supplementing expensive feeds with substitutes, such as food waste like spent grain from beer brewing.
SunRice is the consumer brand and trading name of Ricegrowers Limited, which is one of the largest rice food companies in the world and one of Australia's leading branded food exporters. In the 2023 Financial Year, the company recorded revenue of A$1.6 billion and Net Profit After Tax of A$54.8 million.
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