Pioneer Hi-Bred Announces Premiums for Low Linolenic Soybean Growers
Soybean producers growing Pioneer® brand low linolenic soybeans again will be able to receive an attractive premium for their crop at more than 115 locations across the heart of the Corn Belt. The market for low linolenic soybeans continues to expand, increasing contracting opportunities for growers.
Low lin soybean growers will earn a premium of $.60 per bushel for on-farm storage of low linolenic soybeans and a premium of $.55 per bushel for harvest delivery.
Additionally, growers can participate in an early purchase offer from Pioneer. With a purchase of 250 units of Pioneer low linolenic soybeans by Oct. 10, 2007, growers earn 25 free units. Contract growers also are eligible to earn a rebate on DuPont™ Asana® XL, Assure® II and Punch™ crop protection products from DuPont Crop Protection used on their 2008 Pioneer low linolenic soybean contract acres.
“We are seeing strong demand from food companies for low linolenic soybean oil and are excited to offer valuable contracting opportunities, with flexible marketing alternatives, to soybean growers,” says John Hibbard, Bunge DuPont Biotech Alliance business manager. “By participating in our low linolenic soybean program, growers help position themselves as leaders and innovators in the global marketplace while helping meet the increasing consumer demand for foods with improved nutritional profiles.”
The soybean oil from Pioneer brand soybeans is marketed as TREUS™ Low Linolenic Soybean Oil from the Bunge DuPont Biotech Alliance to food companies to help meet increasing demand to reduce or eliminate trans fats in products while preserving flavor and shelf life. The Alliance was formed in 2003 to develop and commercialize value-added soybean output traits developed through Pioneer and its parent company, DuPont, and marketed through Bunge North America.
In its fourth year, this low linolenic soybean contracting program has grown from a targeted base in Iowa to an expanded geography currently reaching into eight states for the 2008 growing season: Iowa, Illinois, Indiana, Ohio, Michigan, Wisconsin, Pennsylvania and Missouri.
Pioneer has expanded its offerings of low linolenic soybean varieties for 2008 by increasing supplies of new varieties such as 92M41 which has shown strong results in northern growing areas such as Michigan and Wisconsin, while 92M82 has proven performance in Ohio and other areas.
Pioneer research activities for soybean output traits marketed through the Alliance also have expanded to seven research centers throughout the Corn Belt. In addition to continuing to expand the lineup of low lin soybean varieties, Pioneer also is developing high oleic soybean varieties which will be commercially available in 2009, pending regulatory approval.
“Pioneer low linolenic soybean varieties are performing well, and the pipeline of new soybean products and other soybean end-use traits is looking strong for the future,” says Hibbard.
For more information about low linolenic soybean varieties, signing details and options, and participating elevators in your area, visit your local Pioneer sales professional. Or, visit the Pioneer low linolenic Web site.
Bunge North America Leaving Pioneer.com, the North American operating arm of Bunge Limited (NYSE: BG), is a vertically integrated food and feed ingredient company, supplying raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the livestock, poultry, food processor, foodservice and bakery industries. With headquarters in St. Louis, Mo., Bunge North America and its subsidiaries operate grain elevators, oilseed processing plants, edible oil refineries and packaging facilities, and corn dry mills in the United States, Canada and Mexico.
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