Compiled by A.V. Krebs. These statistics are available with others at the Corporate Agribusiness Research Project.

1999 SALE REVENUES

TOP TEN CORPORATE AGRIBUSINESS CORPORATIONS

[Company, rank among all U.S. public corporations, sales revenues]

1. WAL-MART STORES (2) . . . . . . . . . . . . . . . . . . . . . . $ 165.0 BILLION

2. PHILIP MORRIS COS. (9) . . . . . . . . . . . . . . . . . . . . . .$ 61.7 BILLION

3. BANK OF AMERICA (11) . . . . . . . . . . . . . . . . . . . . . $ 51.6 BILLION

4. KROGER (13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 45.3 BILLION

5. AMERICAN INTERNATIONAL GROUP (16) . . . . . $ 40.8 BILLION

6. PROCTER & GAMBLE (18) . . . . . . . . . . . . . . . . . . . .$ 39.1 BILLION

7. ALBERTSONíS (22) . . . . . . . . . . . . . . . . . . . . . . . . . $ 37.4 BILLION

8. SAFEWAY (40) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 28.8 BILLION

9. DU PONT DE NEMOURS (46) . . . . . . . . . . . . . . . . . $ 26.9 BILLION

10. CONAGRA (54) . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 24.9 BILLION

SOURCE FORBES 500S - Ranking the Top U.S. Companies, FORBES, April 17, 2000


1999 FOOD DISTRIBUTOR LEADERS

BASED ON PERCENTAGE OF RETURN ON CAPITAL

5-YR. AVERAGE LATEST 12 MOS.

ALBERTSONíS . . . . . . . . . . . . . . . . . . . . . . . . . .9.7% 9.1%

BRINKER INTERNATIONAL . . . . . . . . . . . . .11.5% 15.1%

CASEYíS GENERAL STORE . . . . . . . . . . . . . 10.3% 10.0%

DARDEN RESTAURANTS . . . . . . . . . . . . . . . . 8.8% 14.7%

JACK IN THE BOX . . . . . . . . . . . . . . . . . . . . . 19.4% 221.%

MCDONALDS . . . . . . . . . . . . . . . . . . . . . . . . . . 12.7% 13.0%

OUTBACK STEAKHOUSE . . . . . . . . . . . . . . . . 25.8% 24.4%

PERFORMANCE FOOD . . . . . . . . . . . . . . . . . . 11.4% 10.0%

ROYAL AHOLD . . . . . . . . . . . . . . . . . . . . . . . . . 8.3% 5.7%

SAFEWAY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.4% 12.7%

SUPERVALUE . . . . . . . . . . . . . . . . . . . . . . . . . . 10.9% 9.1%

SYSCO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.4% 18.5%

WENDYíS INTERNATIONAL . . . . . . . . . . . . . .10.7% 12.0%

WAL-MART STORES . . . . . . . . . . . . . . . . . . . . . 16.4% 15.9%

SOURCE FORBES Americaís 400 Best Big Companies. FORBES, January 8, 2001


TOP FIVE U.S. GROCERY RETAILERS

1997 2000

Kroger Co. Kroger Co.

Safeway Wal-Mart

American Stores Albertsonís

Albertsonís Safeway

Ahold USA Ahold USA

CR5 = 24%* CR5 = 42%**

CR 5 refers to percent of market share held by the top five retailers.

SOURCE * Pacific Crest Securities, January 8, 1999

** Supermarket News, January 24, 2000


1999 FOOD , DRINK & TOBACCO COMPANY LEADERS

BASED ON PERCENTAGE OF RETURN ON CAPITAL

5-YR. AVERAGE LATEST 12 MOS.

ANHEUSER BUSCH COS . . . . . . . . . . . . . . . . . .15.0% 16.8%

BROWN-FOREMAN . . . . . . . . . . . . . . . . . . . . . .. 19.7% 19.5%

CAMPBELL SOUP . . . . . . . . . . . . . . . . . . . . . . . 34.2% 42.3%

COCA COLA . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40.7% 17.7%

H.J. HEINZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.8% 19.5%

HORMEL FOODS . . . . . . . . . . . . . . . . . . . . . . . . 14.9% 17.3%

MCCORMICK & CO. . . . . . . . . . . . . . . . . . . . . . . 15.7% 23.4%

PEPSICO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.6% 20.1%

PHILIP MORRIS . . . . . . . . . . . . . . . . . . . . . . . . . . 24.7% 30.9%

PILGRIMíS PRIDE . . . . . . . . . . . . . . . . . . . . . . . . 12.5% 11.5%

SARA LEE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19.9% 31.9%

SMITHFIELD FOODS . . . . . . . . . . . . . . . . . . . . . 11.4% 7.7%

UST INC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89.9% 75.8%

WILLIAM WRIGLEY JR. . . . . . . . . . . . . . . . . . . . 28.3% 27.4%

SOURCE FORBES Americaís 400 Best Big Companies. FORBES, January 8, 2001


TOP TEN PRIVATE COMPANIES

INVOLVED IN CORPORATE AGRIBUSINESS

[Rank, Rank among all U.S. private corporations in paranthesis,

1999 revenues, businesses]

1. (1) CARGILL $48 billion

International marketer & processor agricultural & industrial commodities

2. (2) KOCH INDUSTRIES $36 billion

Oil, chemical, minerals, energy, environmental technology, ranching

3. (4) MARS $15.3 billion

Makes candy, icre cream, meals & pet food, processes rice, electronics

4. (7) PUBLIX SUPER MARKETS $13 billion

631 supermarkets in Alabama, Florida, Georgia & South Carolina

5. (9) CONTIGROUP COMPANIES $10 billion

Process poultry, pork & beef, mills flour & feed

6. (11) MEIJER $9.5 billion

General merchandise & grocery stores in the Midwest

7. (15) HE BUTT GROCERY $8.2 billion

H-E-B & H-E-B Pantry Food stores, milk plant & bread bakery in Texas

8. (17) ARAMARK $7.1 billion

Food & support services, uniforms, child care & development services

9. (18) C & S WHOLESALE GROCERS $7.1 billion

Wholesale food to supermarkets, retail stores & military bases

10. (21) ALLIANT EXCHANGE $6.5 billion

Distributes food to restaurants, hotels, hospitals & other facilities

SOURCE FORBES 500 Biggest Private Cos., FORBES, November 27, 2000


1999 TEN LARGEST COOPERATIVES (AGRICULTURE & HARDWARE)

REVENUES

1. FARMLAND INDUSTRIES . . . . . . . . . . . . . . . . . . $ 10.7 BILLION

2. DAIRY FARMERS OF AMERICA . . . . . . . . . . . . .$ 7.6 BILLION

3. CENTEX HARVEST STATES . . . . . . . . . . . . . . . . $ 6.3 BILLION

4. LAND OíLAKES . . . . . . . . . . . . . . . . . . . . . . . . . .. $ 5.6 BILLION

5. WAKEFERN FOOD . . . . . . . . . . . . . . . . . . . . . . . . $ 5.5 BILLION

6. TRUSERVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4.5 BILLION

7. TOPCO ASSOCIATES . . . . . . . . . . . . . . . . . . . . . . $ 3.6 BILLION

8. ASSOCIATED WHOLESALE GROCERS . . . . . . $ 3.3 BILLION

9. ACE HARDWARE . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.1 BILLION

10. UNIFIED WESTERN GROCERS . . . . . . . . . . . . .$ 2.9 BILLION

SOURCE National Cooperative Bank, Washington, D.C.


CORPORATE AGRIBUSINESS INDEX

According to USDA figures compiled by Daniel Wood, Christian Science Monitor

*Nearly 20% of the world's food now comes from city-based farms, averaging anywhere from one to 20 acres.

* The average distance between food in the field and the dining room where it is eaten is 1,500 miles.

* Refrigerating, transporting, and storing this food causes an expenditure of energy eight times greater than the value of the food itself.

* In terms of calories, it takes eight calories of energy to produce and deliver one calorie of food 1,500 miles.

* Spinach and other green leafy vegetables can lose as much as 50% of their nutrients in five days.


According to Business Week's annual survey

* U.S. executive pay in 1999 continued to grow at an out-of-this-world rate, the average CEO of a major corporation made $12.4 million in 1999, up 17% from the previous year or 475 times more than an average blue-collar worker and six times the average CEO paycheck in 1990.

* American companies are paying CEOs better than anywhere else in the world, not 10% or 20% more, but 1,000 percent more and then some.

* According to Towers Perrin's 1999 Worldwide Total Remuneration report, German CEOs make 13 times what the average manufacturing employee makes and in Japan, the CEO-to-worker pay ratio is just 11-to-1.


Preliminary data from Thomson Financial Securities Data reports that

* Mergers and acquisitions worldwide surpassed $3.4 trillion in 2000 ekeing out a 3.5% increase over 1999's total and producing, the eighth consecutive record year for the continuing M&A expansion.

* With three (weekend) days to go before 2000 drew to a close, total volume of M&A deals announced around the world reached $3.409 trillion, compared with $3.293 trillion in 1999.

* In the U.S., announced mergers managed to rack up a total of $1.766 trillion, up 12.9% over 1999's total of $1.564 trillion. While the increase reversed a 3% decline in U.S. merger volume the previous year, the total number of announced U.S. deals fell to 10,658 from 11,042 --- the second straight year in recent memory the number has dropped.


USDA figures show that

* U.S. fruit production fell 10% in 1999, declining for the second consecutive year.

* Between 1992 and 1997, the number of U.S. farms with land set aside for orchards and vineyards declined by nearly 10,000, or 13.5%, to 106,069.

* The state with the largest loss was California, where nearly 2,300 farms disappeared as the number of acres devoted to fruit production increased.


FARM PRICE SQUEEZE

Farmers get only a fraction of the price consumers pay for produce.

Price spread to farmers.

Item Price paid Retail price (Los Angeles)

Carrots (1-pound bag) $0.16 $0.49 206%

Potatoes (10-pound bag) $0.64 $1.91 198%

Tomatoes (per pound) $0.57 $2.22 289%

Iceberg lettuce (each) $0.43 $0.99 130%

SOURCE Western Growers Association. Week ending November 17, 2000


* USDA has overestimated the amount of farm land that was developed between 1992 and 1997 by 30% and blamed faulty software for the mistake. It initially reported that nearly 16 million acres of farm land were converted to development between 1992 and 1997 --- a rate of 3.2 million per year. The correct figure is 11.2 million acres, a development rate of 2.2 million acres per year.

* Between 1982 and 1992, the annual conversion rate was 1.4 million acres a year.

* The U.S. had 98 million acres of developed land in 1997, about 6.6% of the nation's non-federal land.

* About 25% of the non-federal land is farmed. More than half is in rangeland or forests.


Public Campaignís Author Blank reports that

* Expected price tag for Bush-Cheney inauguration $30 million.

* Portion coming from private contributions 100%.

* Cost of a table at any of three candlelight dinners on January 18 that President-elect George W. Bush and Vice President-elect Dick Cheney are expected to visit $25,000.

* Maximum contribution that the Bush-Cheney Presidential Inaugural Committee is accepting from private donors $100,000.

* Number of donors who gave a total of $100,000 or more to parties and candidates in the 2000 elections awarded positions on George W. Bush's Transition Advisory Teams 14.

* Amount that Bush's Energy Department Secretary nominee, Sen. Spencer Abraham (Rep.-Michigan), received from energy industry donors in his failed 2000 Senate race $366,298.

* Rank of Abraham among all current senators in contributions accepted from energy industry donors in the 2000 elections 1.

* The number of industries that Bush's nominee for Attorney General, Sen. John Ashcroft (Rep.-Missouri), ranks in the Senate top ten for contributions in the 2000 elections 42, many of which have anti-trust and other matters pending before the Justice Department.