DuPont, Bunge working with growers to produce TREUSTM Low Linolenic Soybean Oil
DES MOINES, Iowa, Nov. 27, 2007 - Growers across much of the Corn Belt now have more opportunities to market their soybeans for a premium.
A select group of elevators is offering growers expanded options to earn special premiums for soybeans during the 2008 season. More than 100 locations throughout the region are offering up to a 60-cent premium per bushel for low linolenic soybeans from Pioneer Hi-Bred, a DuPont business.
In conjunction with the premium program, the Bunge DuPont Biotech Alliance is marketing TREUSTM low linolenic soybean oil, produced with Pioneer® brand low linolenic soybean varieties, to help meet increasing consumer demand for nutritious foods. Additionally, TREUSTM offers food companies and the foodservice industry an innovative nutritional ingredient solution to eliminate or reduce trans fats in their products.
In its fourth year, this contracting program has expanded its geography into seven states for the 2008 growing season. Participating elevators are located in Indiana, Michigan, Ohio, Illinois, Iowa, Pennsylvania and Missouri.
To find a participating elevator in your area, visit your local Pioneer sales professional or http://www.pioneer.com/LLSoy on the Web.
As part of the Alliance program, participating elevators currently offer a 60-cent-per-bushel premium for on-farm storage; many also offer a harvest delivery option that pays a 55-cent-per-bushel premium to growers who sign up to deliver Pioneer brand low lin soybeans.
Additionally, contract growers are eligible to earn a 20 percent rebate on DuPontTM Asana® XL, Assure® II and PunchTM crop protection products used on their 2008 Pioneer low lin soybean contract acres. Ask your Pioneer sales professional for rebate qualification details on these crop protection products from DuPont.
"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."
Pioneer Hi-Bred, a DuPont business, is the world's leading source of customized solutions for farmers, livestock producers and grain and oilseed processors. With headquarters in Des Moines, Iowa, Pioneer provides access to advanced plant genetics in nearly 70 countries.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.