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.