A deep dive into learnings, stories and key takeaways from the book JR Simplot: A Billion the Hard Way.
In this episode of Upstream Ag Insights, host Shane Thomas dives deep into the legendary life and business empire of John Richard Simplot through the book A Billion the Hard Way.
From a fourteen-year-old runaway to the "wildest billionaire in the West," Simplot’s story is a masterclass in vertical integration, commodity market economics, and early technology adoption. We trace the journey of the J.R. Simplot Company from its humble beginnings in rural Idaho to its current status as a multibillion global agribusiness giant.
Learn how Simplot built his first fortune by turning "other people's waste" into valuable products — a playbook he applied to everything from orphan lambs and cull potatoes to the massive dehydration contracts that fed the U.S. military during World War II .
Key Highlights: The Electric Sorter & The Coin Toss: How a 1928 gamble on cutting-edge machinery and a legendary coin flip marked the true founding of the company .
The French Fry Revolution: The story behind the 1967 handshake deal with Ray Kroc that put Simplot’s frozen fries in every McDonald’s worldwide .
Vertical Integration Mastery: How Simplot secured his own supply chains by building fertilizer plants, opening phosphate mines, and pioneering the modern ag retail model with Simplot Grower Solutions .
From Potatoes to Semiconductors: The "unexpected turn" where Simplot's understanding of commodity markets led him to support a Boise startup called Micron Technology, turning a $1 million investment into $4 billion .
References
- JR Simplot: A Billion the Hard Way by Attebery
- The Idaho Angel On Their Shoulders - The Washington Post
- The Simplot Saga: How America’s French Fry King Made Billions More in Semiconductors - Fortune
- From Mr. Spud to Mr. Chips - The New York Times