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Yes, Cargill has always been a privately held company and is the largest privately held company in the US based on revenue. Cargill's revenues are over $100 billion a year and it is owned and controlled by the MacMillan Family of Minnesota.
See from PrivCo.com (the private company financial data provider):
"Privately-held and family-owned Cargill, Incorporated is a multinational corporation headquartered in Minnetonka, Minnesota. Cargill is an international producer and marketer of food, agricultural, financial, and industrial products and services. Founded in 1865 by William Wallace Cargill, Cargill employs 131,000 people in 66 countries as of 2011"
- PrivCo (http://www.privco.com/private-company/cargill-incorporated)
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