Exhibit 99.1

                               PRESS RELEASE
                          DECLARATION OF DIVIDEND

                                                           December 7, 2012
                                                    Shawnee Mission, Kansas

Seaboard Corporation (NYSE MKT symbol: SEB) with offices at 9000 West  67th
Street,  Shawnee Mission, Kansas 66202, today announced that the  Board  of
Directors  of  the Corporation declared on December 6, 2012 a  dividend  of
Twelve  and  No/100 Dollars ($12.00) per share on the common stock  of  the
Corporation,  payable December 28, 2012 to stockholders of  record  at  the
close  of  business  on  December 17, 2012.  The increased  amount  of  the
dividend  represents a prepayment of the annual 2013, 2014, 2015  and  2016
dividends  ($3.00  per share per year).  This increased dividend  is  being
made to ensure that the taxes shareholders will pay based on the receipt of
the  dividend  is  taxed  at  the currently  favorable  2012  tax  rate  on
dividends,  and  not based on an increased tax rate on dividends  which  is
scheduled  to take effect in 2013, unless new legislation is enacted.   The
Corporation does not intend to declare any further dividends for the  years
2013 - 2016.