11/01/2025
Why Food Prices May Be Out Of Control
Start with a warehouse. In 1865, William Wallace Cargill bought a single grain warehouse in Iowa. That modest beginning became the seed for an empire. By the 21st century, this business had grown into Cargill Inc.—the largest privately-held company in the U.S., with revenues in the hundreds of billions.
Today, the Cargill-MacMillan family grips this empire. They own approximately 80-90 % of the company through an ownership structure that spans generations. At least 14 family members are billionaires—more than the Waltons, more than the Kochs.
Here’s why it matters:
They control vast parts of what the world eats: from grain trading and storage to meat processing, cocoa, salt, fertilizer, shipping. A 2022 article claimed they influence “what billions of people eat.
They operate in more than 70 countries, employ over 150,000 people, and move millions of tons of commodities every year.
Because the company is private, they bypass many of the transparency, regulatory, and public-shareholder pressures that affect public corporations. That means enormous power with comparatively little public scrutiny.
And yet—there’s a darker side:
Critics link the company and its supply-chains to deforestation, labor abuses including child labor, and environmental damage in parts of the world such as West Africa and the Amazon.
Their size and secrecy make them a nearly invisible force, but one with real human and ecological consequences.
The takeaway?
When one family controls the supply-chain behind everyday foods—from the grain in your cereal to the meat in your sandwich—then their decisions ripple across farms, forests, trade routes and dinner tables around the world.
So here’s the question to reflect on:
If a handful of people decide what food gets harvested, how it’s processed, where it’s sold—and you never even know their names—who’s really feeding you?