Minneapolis-Cargill Inc. reports that net earnings for the second quarter ending Nov. 30, 2008, were up 25 percent, to $1.19 billion from the year-ago $954 million. During the first six months, Cargill said it earned $2.68 billion, up 43 percent from the year-ago $1.87 billion. As in past quarters, Cargill said that its investment in The Mosaic Co. was a significant contributor to company results. Excluding earnings from that investment, Cargill said its second quarter results were moderately below the year-ago level, and in the first half, just under the same period a year-ago. Despite the global financial crisis, Cargill said that its strong balance sheet allowed uninterrupted access to short-term credit markets.
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