Sonntag, 10. April 2011

Greg Page, the man who controls the food of the earth

Greg Page, the man who controls the food of the earth

He is 59 years old and gives no interviews. His name and his company probably tell you nothing. But through his hands, most food you can imagine.
Cargill is one of four companies controlling 70% of world food trade.
While the world is in decades facing biggest food crisis, makes CARGILL "Cash" by "read" the market.
... And how it works:
You do not know this, but your bread at breakfast is a commodity that is more valuable than oil.
The flour for this comes from Cargill. Does that thing?
And the fat in the butter and glucose in the jam called Cargill.
• Cargill that is the fodder that has fattened the cow and the hen, whose eggs we blow away.
• Cargill is the coffee and the cocoa bean; these are the fibers of our biscuits and the seeds of our soybean oil.
• And where is the sweetener of soft drinks, the meat, and the flour for the dough?
• And the nachos corn for corn, sunflower oil, the phosphate fertilizer...?
• And the strength of the petroleum industry, it needs to process to ethanol and convert it into gasoline to mix?
Not looking for marks or labels from CARGILL, you will not see. Cargill has a long history on tiptoe behind.

How can a company that was founded in the year 1865, with its 131,000 employees, spread across 67 countries with annual sales of 120 billion dollars, four times as large as Coca-Cola and five times as large as McDonald so unknown?
How can one explain the fact that such a huge company with accounts larger than the economy of Kuwait, Peru and other 80 countries have developed as completely unnoticed?
Yes, surprise, the numbers, but Cargill is not listed on the stock market and so no one is accountable.
The partners, which are a swarm of descendants of the founders, the brothers William and Samuel Cargill, two farmers from Iowa, in the 19th century on the green (Plains) area, at a place that was found on any map, an Empire have built using grain silos and a rail link.
Later, a brother - John MacMillan - the reins in his hands, and for decades have Cargill and MacMillan with grain silos, mills, salt mines, slaughterhouses and a fleet of merchant ships, the empire expanded.
Today, about 80 descendants share the proceeds and play golf.
Little is known of them except that the men wear on holiday’s Scottish skirts, to honor the ancestors.

And that seven of them in the "Board of Directors" and that they are sitting in the Forbes list of richest people on the planet, with assets of 7 billion (per lug).
Company president, Greg Page, a phlegmatic guy who likes to say it,
• "Cargill was dedicated to the marketing of photosynthesis."
In reality, there is little to joke.
This year, prices for basic foods are shot up 80% for wheat, 63% for maize and rice at almost 10%; these are the three grains that feed the world.
There are historic highs, warns FAO, price increases, which in 2008 caused riots in 40 countries and 130 million people condemned to starvation. And prices continue to rise, predicts the financial Times.
• "The price of corn is of crucial importance for food security because this is the basic element of poor countries. If prices rise there on, go on these revolts are. “
The causes are many.
A succession of droughts, poor harvests and speculation!

A few people are making money.
And among them are the mammoth companies that control the world trade in cereals.
Cargill has tripled in the last half of the profit and increased its earnings by more than 4,000 million dollars, a record in 2008 at the height of the food crisis.
The company has bet that by the drought in Russia, one of the biggest grain producers in the world, Vladimir Putin would be forced to ban exports to provide safe domestic consumption.
And guess what.
• "We have a good job in the study of markets and we have responded quickly," said a spokesman for Cargill.
What was the reaction?
It is essentially a monopoly, in which purchases the harvests of the future before it was even a seed sown, and then sold to one or the other place on the planet where this is more profitable...

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