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Cargill profit jumps 34 percent on back of biofuels surge

Cargill Inc., the largest agricultural company in the U.S. and a major player internationally, has announced a massive jump in their second-quarter profits of 34 percent on the back of gains in shipping, trading and processing grains and oilseeds. Net income in the three months to November 30 was up to $662 million compared to $495 for the same quarter the year before, boosted by record demand for corn-based ethanol, and soybean-based biodiesel. Corn prices have reached levels not seen for decades and soybean prices rose 23 percent in just ... Read more →

Food vs. Fuel debate. Agribusiness chairmen don't see eye-to-eye Sebastian Blanco

Cargill profit jumps 34 percent on back of biofuels surge 2 years ago on Autoblog Green

Food vs. Fuel debate. Agribusiness chairmen don't see eye-to-eye 3 years ago on Autoblog Green

The Associated Press, in a story published today, sees in the recent statements of two agri-giant chairmen the broader debate of whether or not farmland should be used to grow food or fuel. Recently, Cargill's CEO and chairman Warren Staley said farmland should be used to grow, "Food first, then ...

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Guide to Common Green Acronymns

CAFE – Corporate Average Fuel Economy. A system used in the U.S. to define mileage requirements of new vehicles.

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