Riceland Foods, Inc. is a farmer-owned rice and soybean marketing cooperative with headquarters in Stuttgart, Arkansas, United States. The cooperative was founded in 1921 and has become a major rice and grain miller and a global marketer of the same. Approximately 5000 farmers own or deliver to the cooperative which operates six rice mills including the world's largest in Jonesboro, Arkansas. The cooperatives principal purpose is to utilize efficiencies of scale to generate increased farmer returns through receiving, storing, milling, packaging, and marketing rice, vegetable oil, meal and byproducts to markets around the globe.
Cooperative Board of Directors Riceland Foods is led by a Board of Directors elected by the Farmer member owners that deliver grain to the cooperative. In Dec. 9th 2021, they announced an intended $13.2 million expansion to the plan. As of 2021, they employed approximately 1,500 workers companywide.
Leadership Kevin McGilton was announced as the CEO of Riceland Foods, Inc. on December 8th, 2023.
Sales as of fiscal year end July 31
Year Revenue Reference 2007 $947 M Income, revenue climb at Riceland Foods. EBSCO Host Connection,January 2008 2008 $1.23 B 2009 $1.30 B Riceland Foods Sales At $1.3B For Fiscal Year. Associated Press, 25 Nov. 2009, 2010 $1.10 B Arkansas Business 2011 $1.10 B Riceland Reports $1.1 Billion in Sales. Arkansas Business,18 Nov. 2011. 2012 $1.15 B Arkansas Agriculture Interests Strengthen Revenues. Arkansas Business, 20 May 2013. 2013 $1.32 B Riceland reports best year in history at annual meeting Stuttgart Daily Leader. 22 Nov 2013Stuttgart Rice Mills Make Top 100 List of U.S. Cooperatives, October 8, 2015 Talk Business & Politics, Oct 8, 2015. 2014 $1.16 B Riceland sales total $1 billion-plus for 7th consecutive year Stuttgart Daily Leader. 25 Nov 2014Stuttgart Rice Mills Make Top 100 List of U.S. Cooperatives, October 8, 2015 Talk Business & Politics, Oct 8, 2015. 2015 $1.12 B Riceland reports $1B in Sales for 8th year in a row Stuttgart Daily Leader, Nov 20, 2015. 2016 $1.01 B Riceland reports $1B in Sales for 9th year in a row Stuttgart Daily Leader, Nov 7, 2016.2017 $941 M 2018 $955 M 2019 $980 M 2020 $868 M 2021 $995 M 2022 $1.21 B 2023$980 M2024
Products and services Riceland has been responsible for up to one-third (or more) of the total U.S. rice crop. Riceland also sells rice, oil & other grain products to food service distributors, wholesalers, export markets, and in many grocery stores.
Rice milling Riceland operates five rice mills and two parboiling plants with two major rice milling centers in Stuttgart and Jonesboro, Arkansas.
Grain storage Riceland has been listed as a Top 10 grain storage company in the United States..
Food service products Riceland supplies rice and oil products to the food service industry.
Edible oils Riceland's edible oil refinery at Stuttgart refines crude oils extracted from soybeans and rice bran into oil and shortening products. Corn, canola, peanut and cottonseed oils are also refined and blended.
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