The 10 World’s Largest Agricultural Companies in 2023
The 8 World’s Largest Agricultural Companies in
2023-There are 10 Largest
Agricultural Companies in the World based on the annual report of each company
in the year 2023. Of course, currently, they have become the market leaders in
agricultural fields in various specifications with excellent performance and
huge profit. With a long journey, experience, and expertise, they are able to
become leaders in every field of their business. In this article, the companies
which we analyzed are public companies whose shares/ stocks are partly owned by
the public. Meanwhile, Private agricultural companies such as Cargill were not
analyzed because they do not publicly publish annual financial reports.
Here is the rank of 10 World’s Largest Agricultural Companies in 2023. Commonly, this company has huge revenue and net income of up to billions of US dollars. Furthermore, overall, all the data were obtained from the Annual report of the company in 2023.
Table Rank of The 10 World’s Largest Agricultural Companies Based on Net Income in 2023
|
Ranks |
Companies |
Revenue |
Net Income |
|
US Dollar |
US Dollar |
||
|
1 |
John Deere |
61.2 billion |
10.1 billion |
|
2 |
Bayer AG |
25.8 billion |
5.5 billion |
|
3 |
ADM |
93.3 billion |
3.4 billion |
|
4 |
FMC Corporation |
4.4 billion |
1.3 billion |
|
5 |
Nutrien |
29 billion |
1.2 billion |
|
6 |
The Mosaic Company |
13.6 billion |
1.1 billion |
|
7 |
Syngenta |
19.1 billion |
1.0 billion |
|
8 |
Corteva |
17.2 billion |
0.73 billion |
|
9 |
Yara |
15.5 billion |
0.054 billion |
|
10 |
Tyson Food |
52.8 billion |
(-0.6 billion) |
|
Source: Annual Report, 2023 |
|||
Based on the business performance, in this article, some databases
showed the financial condition of total assets, liabilities, and equity. This
data are obtained in the balance sheet on the annual report of Each Company in 2023. Here is the data of the
assets, liabilities, and equities.
The
Condition of Total Assets, Liabilities, and Equities of 10 World’s Largest
Agricultural Companies in 2023
|
Ranks |
Companies |
Total Assets |
Total Liabilities |
Total Equities |
|
US Dollar |
US Dollar |
US Dollar |
||
|
1 |
Bayer |
129.04 billion |
95.4 billion |
33.6 billion |
|
2 |
John Deere |
104 billion |
82.2 billion |
21.7 billion |
|
3 |
ADM |
54.6 billion |
30.5 billion |
24.1 billion |
|
4 |
Nutrient |
52.7 billion |
26.3 billion |
27.5 billion |
|
5 |
Corteva |
42.9 billion |
17.7 billion |
25.2 billion |
|
6 |
Tyson Food |
36.2 billion |
18.1 billion |
18.1 billion |
|
7 |
Syngenta |
32.6 billion |
25.3 billion |
7.3 billion |
|
8 |
The Mosaic Company |
23 billion |
10.6 billion |
12.4 billion |
|
9 |
Yara |
16 billion |
8.5 billion |
7.5 billion |
|
10 |
FMC Corporation |
11.9 billion |
7.4 billion |
4.5 billion |
|
Source: Annual Report, 2023 |
||||
The Company’s Brief Description, based on History and Business Performance
1.Deere and Company
Deere and Company is a leading tractor and heavy equipment company
with the “John Deere” brand
originating from Moline, Illinois, United States. In 2023, based on the annual
report data published by the company, the total revenue achieved by this
company reached 61.2 billion US dollars with the earned profit was 10.1 billion
US dollars.
Until now, various types of machine tractors for agricultural activities produced by Deere and Co. range from tillage tractors, planting, plant maintenance, to harvesting. These various tractors are certainly able to increase efficiency and effectiveness in agricultural activities. Here are some types of tractors that come from Deere and Co:
●
Tillage tractor
(Cultivator, tandem disk, seedbed finisher, Rotary Tiller, and other types)
●
Planting tractor (Row
Crop tractor, air seeding equipment, drawn planter)
●
Tractor for Processing
(Fertilizer spreader, Manure spreader, Sprayer)
●
Tractors for Harvesting
(Cotton Harvesting, Sugarcane harvesting, Corn, and wheat harvesting)
By 2023, this company has become one of the world’s biggest companies. Based on the
ranking of companies released by “Fortune
500” in 2023, this company is 84th as the world’s
largest company. Assets owned by this company reached 33 billion US dollars.
Marketing of its products spread out in many countries in the world. Although
so far, American and European markets are dominantly based on Sales performance.
2.Archer Daniels Midland (ADM)
Archer Daniels Midland (ADM) is one of the biggest food processing and crop trading companies. Historically, the company was founded in 1912 on the initiative of George A. Archer and John W. Daniels. This headquarters is located in Chicago, Illinois, United States. As business lines advance, the company has 270 factories and 420 facilities for plant processing. In 2023, the company recorded a positive financial performance. The revenue earned reached 93 billion US with a total profit of 3.4 billion US dollars.
3.Tyson Food
Tyson Foods, Inc. is an American multinational corporation based
in Springdale, Arkansas founded by John
W. Tyson. The company processes and markets chicken, beef, and pork in the
United States and annually exports large quantities of beef outside the United
States. In the United States of America (USA), the company has several
well-known processed meat products/brands, namely Tyson®, Jimmy Dean®,
Hillshire Farm®, BallPark®, Wright®, Aidell’s®, and State Fair® brands.
4. Syngenta
Syngenta is one of the largest pesticide companies in 2023.
Historically, this agrochemical company was formed as a merger between Zeneca Agrochemical and Novartis Agribusiness in 2000 and is
still headquartered in Basel, Switzerland. Until now, this company has been
considered the largest pesticide company in the world. Until 2017, Syngenta
company was officially bought/acquired by China National Chemical (ChemChina), an agrochemical company from
China, and is one of the largest acquisitions made by a corporation from “Mao
Zedong Country”.
Until now, Syngenta has produced various types of products for plant protection ranging from insecticides, herbicides, and fungicides. Many of its products have a positive impact on helping the farmers protect the crops from pathogens and pests. Commonly, the products of Syngenta include the herbicide with brand of Gramoxone (active ingredient Paraquat) and Callisto, Fungicide Amistar (the active ingredient of Difenoconazole and azoxystrobin), and Rhidomil. Furthermore, insecticides produced and marketed include Virtako (active ingredients chlorantraniliprole and thiamethoxam), Actara (active ingredients, namely Tiametoksam), Plenum (active ingredients Pimetrozine), Trigard®, Proclaim, Karate Zeon®, Curacron, and the other brands. In 2023, based on its business performance in the 2023 annual report, Syngenta showed a positive performance by achieving sales of 19.1 billion US dollars with a net profit of 1 billion US dollars.
5.Corteva
Corteva Agriscience is one of the largest agricultural pesticide
companies from the United States. This Company was
formed as a merger between two large agribusiness
companies namely Dow Agro and Dupont in 2017. Financially, in
2023, Corteva can generate 17.2 billion US Dollars of revenue from around the
world with a net profit of 0.73 billion US Dollars.
Worldwide, various pesticide products have been marketed by this company. These products are pesticides with the trademark i.e. Dithane™, Curzate™ and the other brands, weed control i.e. Clincher™, Topshop™, and the other brands. Some of the farmers may know the products of this company to help control pests and plant pathogens. Meanwhile, Cortiva has also produced and marketed the Seed product, namely “Pioneer Brand” (one of the most popular maize seeds in the world).
6.Yara
Yara fertilizer company comes from Norway which was founded in 1905. The headquarters of this company is located in the city of Oslo. Until now, the company has employed around 15,000 employees with fertilizer production located on 6 continents and has sales branch offices in around 60 countries in the world. In 2023, Yara Internasional’s business performance showed positive results by generating sales of 15.5 billion US dollars with a net income of 54 million US dollars. Worldwide, Yara has expanded its business. Perhaps many farmers are familiar with Yara fertilizer, especially horticultural farmers such as chili, tomato, melon, and various other vegetables.
7. FMC Corporation
FMC Corporation (Food Machinery and Chemical Corporation) is an American agrochemical company. The headquarters or main office is in Philadelphia, Pennsylvania. Historically, the company was founded in 1883 by chemist Joh Bean and was originally a pump company in Los Gatos, California. As time goes by and the company’s business progresses, many chemical-based products are made and marketed to various parts of the world. However, from time to time, FMC has expanded its business by selling agrochemical products such as agricultural pesticides and in 2017, FMC globally employed 7,000 people worldwide. In 2023 based on the business performance, the company earned revenues of 4.4 billion US dollars and a net profit of 1.3 billion US dollars.
8.Nutrien
Nutrien is a merger between 2 world’s well-known fertilizer companies from
Canada, namely The Potash
Corporation of Saskatchewan or commonly called Potash Corp and Agrium. They merged in 2018. With this
merger, Nutrien became one of the largest producers of Potassium (K) fertilizer
in the world and the 3rd biggest nitrogen (N) producers.
9. Bayer AG
Bayer Aktiengesellschaft or better known as Bayer AG is a leader and experienced pest control company in agricultural sectors. Historically, this company was founded by Friedrich Bayer in 1863 and is headquartered in Leverkusen, Germany. Until now, several business units have been owned by Bayer, namely Bayer Crop Science, Bayer HealthCare, Bayer Material Science, Bayer Chemicals. In 2018, to strengthen its position in the field of agricultural pesticides, the company made a shocking business move by acquiring Monsanto which is one of the largest agricultural pesticide and seed companies from the United States. Basically, Monsanto is well-known for controversial issues behind its business performance. So far, Monsanto company is the producer and manufacturer of RoundUp herbicide and Dekalb corn seed. Financially in 2023, the company recorded a positive performance with Revenue from pesticide sales reaching $ 25.8 billion and net income around $ 5,5 billion.
10. The Mosaic Company
As one of the biggest
fertilizer companies, The Mosaic Company had serves customers in approximately
40 countries. Operationally, Mosaic Company has phosphate rock mining sites in
Florida, Brazil and Peru. Furthermore, this company has processing facilities
of phosphate rock into finished phosphate products in Florida, Louisiana and
Brazil. In the Potash industry, Mosaic Company has mining sites in Saskatchewan, New Mexico and Brazil.
Financially, in 2023, Mosaic company has total assets around USD 23 billion with total liabilities around USD 10.6 billion. Based on the business performance in 2023, Mosaic company generated revenue around USD 13.6 billion with net income around USD 1.1 billion.
Summary of the 10 World’s Largest Agricultural Companies in 2023
The
Reference of the 10 World’s Largest Agricultural Companies in 2023
Archer Daniels Midland. 2024. Annual Report 2023. Accessed
via https://investors.adm.com/financials/annual-reports/default.aspx on 15 May 2024.
FMC. 2024. Annual Report 2023. Accessed via
https://investors.fmc.com/financials/annual-reports-and-proxy-statements/default.aspx
on May 16, 2024.
Nutrients. 2024.Annual Report 2023. Accessed via https://www.nutrien.com/investors/financial-reporting on 19 May 2024.
Tyson Food. 2024. Annual Report 2023. Accessed via
https://ir.tyson.com/reports/annual-reports/default.aspx on 18 May 2024.
Deere and Co. 2024.Annual Report 2023. Accessed via https://investor.deere.com/home/ on 17 May 2024.
Corteva. 2024. Annual Report 2023. Accessed via
https://investors.corteva.com/financial-information/default.aspx#sec-filings on
May 14, 2024.
Yara International. Annual Report 2020. Accessed via https://www.yara.com/investor-relations/latest-annual-report/ on 13 May 2024.
Syngenta AG. Annual Report 2020. Accessed via https://www.syngenta.com/sites/syngenta/files/bond-investor-information/financial-results/Syngenta-AG-2020-Financial-Report.pdf on 19 May 2024.