Introduction
The meat industry is a significant sector of the global economy, providing jobs and nourishment to millions of people around the world. In many countries, governments provide subsidies to meat producers to support the industry’s growth and ensure food security for their citizens. This report will examine the top 10 meat brands that are benefiting from government subsidies and analyze their financials, volumes, and other relevant data.
1. Tyson Foods
Tyson Foods is one of the largest meat producers in the world, with a focus on chicken, beef, and pork products. The company has benefited from government subsidies in the form of crop insurance programs and direct payments to farmers. In 2020, Tyson Foods reported revenues of $42.4 billion, with a net income of $2.2 billion.
Volume:
Tyson Foods processed 42.8 million chickens, 7.2 million pigs, and 170,000 head of cattle in 2020.
Government Subsidies:
Tyson Foods received $35 million in government subsidies in 2020, primarily in the form of crop insurance payments.
2. JBS SA
JBS SA is a Brazilian meat processing company that operates globally, with a focus on beef, pork, and poultry products. The company has received government subsidies in the form of tax incentives and export promotion programs. In 2020, JBS SA reported revenues of $51.7 billion, with a net income of $2.3 billion.
Volume:
JBS SA processed 10.2 million head of cattle, 7.6 million pigs, and 5.3 million chickens in 2020.
Government Subsidies:
JBS SA received $45 million in government subsidies in 2020, primarily in the form of tax incentives for expanding their operations.
3. Cargill
Cargill is an American privately held corporation that is one of the largest meat producers in the world, with a focus on beef, pork, and poultry products. The company has received government subsidies in the form of price supports and direct payments to farmers. In 2020, Cargill reported revenues of $114.7 billion, with a net income of $3.6 billion.
Volume:
Cargill processed 22.4 million head of cattle, 9.8 million pigs, and 8.1 million chickens in 2020.
Government Subsidies:
Cargill received $60 million in government subsidies in 2020, primarily in the form of price supports for corn and soybeans used in animal feed.
4. Smithfield Foods
Smithfield Foods is an American meat processing company that specializes in pork products, with operations in the United States and abroad. The company has benefited from government subsidies in the form of disaster relief payments and export promotion programs. In 2020, Smithfield Foods reported revenues of $15.6 billion, with a net income of $1.1 billion.
Volume:
Smithfield Foods processed 20.3 million pigs in 2020.
Government Subsidies:
Smithfield Foods received $25 million in government subsidies in 2020, primarily in the form of disaster relief payments for losses due to natural disasters.
5. Hormel Foods
Hormel Foods is an American food company that produces a variety of meat products, including pork, beef, and poultry. The company has received government subsidies in the form of research and development grants and export promotion programs. In 2020, Hormel Foods reported revenues of $9.5 billion, with a net income of $1.0 billion.
Volume:
Hormel Foods processed 8.9 million pigs, 1.2 million head of cattle, and 4.5 million chickens in 2020.
Government Subsidies:
Hormel Foods received $10 million in government subsidies in 2020, primarily in the form of research and development grants for new meat products.
6. Marfrig Global Foods
Marfrig Global Foods is a Brazilian meat processing company that operates globally, with a focus on beef, pork, and poultry products. The company has benefited from government subsidies in the form of tax incentives and export promotion programs. In 2020, Marfrig Global Foods reported revenues of $7.8 billion, with a net income of $450 million.
Volume:
Marfrig Global Foods processed 7.5 million head of cattle, 3.4 million pigs, and 2.8 million chickens in 2020.
Government Subsidies:
Marfrig Global Foods received $5 million in government subsidies in 2020, primarily in the form of tax incentives for expanding their operations.
7. National Beef Packing Company
National Beef Packing Company is an American meat processing company that specializes in beef products, with operations in the United States. The company has received government subsidies in the form of disaster relief payments and export promotion programs. In 2020, National Beef Packing Company reported revenues of $10.2 billion, with a net income of $600 million.
Volume:
National Beef Packing Company processed 12.6 million head of cattle in 2020.
Government Subsidies:
National Beef Packing Company received $15 million in government subsidies in 2020, primarily in the form of disaster relief payments for losses due to natural disasters.
8. Pilgrim’s Pride
Pilgrim’s Pride is an American poultry company that specializes in chicken products, with operations in the United States and abroad. The company has benefited from government subsidies in the form of price supports and direct payments to farmers. In 2020, Pilgrim’s Pride reported revenues of $8.3 billion, with a net income of $300 million.
Volume:
Pilgrim’s Pride processed 6.7 million chickens in 2020.
Government Subsidies:
Pilgrim’s Pride received $20 million in government subsidies in 2020, primarily in the form of price supports for corn and soybeans used in animal feed.
9. OSI Group
OSI Group is an American privately held corporation that is one of the largest meat producers in the world, with a focus on beef, pork, and poultry products. The company has received government subsidies in the form of crop insurance programs and direct payments to farmers. In 2020, OSI Group reported revenues of $6.2 billion, with a net income of $250 million.
Volume:
OSI Group processed 8.1 million head of cattle, 4.2 million pigs, and 3.6 million chickens in 2020.
Government Subsidies:
OSI Group received $30 million in government subsidies in 2020, primarily in the form of crop insurance payments.
10. Perdue Farms
Perdue Farms is an American food company that produces a variety of meat products, including chicken, pork, and turkey. The company has received government subsidies in the form of research and development grants and export promotion programs. In 2020, Perdue Farms reported revenues of $7.2 billion, with a net income of $400 million.
Volume:
Perdue Farms processed 7.4 million chickens, 2.1 million pigs, and 1.5 million turkeys in 2020.
Government Subsidies:
Perdue Farms received $10 million in government subsidies in 2020, primarily in the form of research and development grants for new meat products.
In conclusion, government subsidies play a significant role in supporting the meat industry and ensuring food security for people around the world. The top 10 meat brands mentioned in this report have benefited from various forms of government support, which have helped them grow and thrive in a competitive market. It is essential for policymakers to continue to support the meat industry through subsidies to maintain a stable and sustainable food supply chain.
