New Opportunities for Farmers with High Oleic Soybeans

New Opportunities for Farmers with High Oleic Soybeans

In times of tough competition in the U.S. and worldwide it could be important to consider ways to differentiate your operation. Both Monsanto and DuPont Pioneer have entered agreements to provide farmers with alternative marketing options for high oleic soybeans. 

Monsanto will offer a pilot introduction of Vistive Gold high oleic soybeans for the 2016 growing season. Monsanto’s partnership with Ag Processing Inc. (AGP) is the first in Iowa to give farmers the opportunity to market high oleic beans for a premium. AGP will work with two cooperatives, Farmers Cooperative Elevator, Arcadia and Aspinwall Cooperative Company, near Manning, Iowa. Farmers under a Vistive Gold contract will receive an 80 cent premium for on-farm storage and 70 cents for harvest delivery. Contracts will be served on a first-come-first-serve basis.

Pioneer has entered an agreement with Archer Daniel Midland Company (ADM), Perdue AgriBusiness and Bunge to add more acres and marketing options for farmers with Plenish high oleic soybeans. Farmers in the Frankford, Ind., region can work with ADM; farmers in Maryland, Delaware and Pennsylvania can work with Perdue AgriBusiness and farmers around Delphos, Ohio, Decatur, Ind. and Bellevue, Ohio can work with Bunge. Work with local Pioneer representatives in those areas to gain a contract with these companies and to learn more about premiums and other requirements.

Consumers benefit from high oleic soybeans with a healthier cooking oil option, that has zero trans fats, 20% less saturated fats and other health benefits when compared to traditional oils.

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Spell Check

Johnny Soybean
felton, DE
9/15/2015 03:21 PM

  The last time I tried the elevator said Jupiter was not aligned with Saturn and no pigs flew over the dusk sky. Thus the bean did not meet the oleic test. Tried getting some of the cost per bag back from Monsanto and they told me to file a claim with the flying pig when I see him next !!! Get me once ,shame on you...get me twice shame on me !!!!!

Wayne Knewtson
Good Thunder, MN
9/15/2015 08:42 PM

  The article is omitting some very important credits in the development and marketing of new traits. ASA, USB, and USSEC have been very involved in research and marketing funding for new traits and their usage in the marketplace. Thank you all for that support

Chandler, AZ
9/17/2015 09:34 AM

  1. Consumers are telling producers they do not want the stuff. Sales/Marketing 101. Listen to the voice of the customer. The ram- -it- down-their -throat tactic does not work unless big money is used to coerce/effect results. Money does talk. 2. Let's see the 10 year pre-market entry (risk/safety) test results that show consistent results. 4. Premium cost$$$ for seed. Have fun paying for the non-recurring engineering. 5. Another licence agreement. Another step in the biotech company owning the producer. Have fun being a biotech slave. 3. Another short cut risky tactic to make a buck. Why not go with a non-GMO contract. Much better for the environment, is risk averse, and it provides what majority (consumer customers). What am I missing?


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