Cargill’s Profit Surges 86% With Boost From Trump Tax Bill

Cargill Inc.’s profit surged 86% in the first quarter as the largest private company in the US benefited from President Donald Trump’s tax bill and better performance in all its business segments.

Net income jumped to $1.94 billion in the three months ended Aug. 31, with gains coming from businesses including cocoa and its Wayne-Sanderson Farms chicken joint venture, according to accounts seen by Bloomberg. Cargill attributed a one-time gain of $455 million to Trump’s One Big Beautiful Bill.

Cargill, which counts at least a dozen billionaires among its shareholders, is owned by the heirs of William Wallace ...