General Mills, Kelloggs weather high agricultural costs

Despite high costs and shortages of agricultural products, General Mills, Kelloggs and other processed foods companies are growing, says a new report from ExpertRECALL Index. However, producers could face regulatory challenges due to a rise in dairy input costs. Thanks to a diverse and industry-leading product line, General Mills is expected to continue its track record of adding seven percent to earnings rates per annum. Kellogg’s fourth-quarter revenue of $3.6 billion was up 18.2 percent from last year, and the company will seek to continue growth by appealing to health-conscious consumers.