Cargill, DuPont offering premium to Plenish high oleic soybean growers
By Daniel Enoch
© Copyright Agri-Pulse Communications, Inc.
WASHINGTON, Oct. 9, 2014 - DuPont Pioneer and Cargill say they will work with farmers near a Cargill soy processing plant in Sidney, Ohio, to grow soybeans with the DuPont Pioneer's Plenish high oleic trait to meet growing demand for healthier soybean oil.
Farmers who contract to grow the beans will be eligible for a processor paid incentive after delivering their production to a participating elevator or directly to Cargill for processing, the companies said. Interest in high oleic soybean oil from food and industrial product companies is growing and Cargill's involvement in the 2015 contract program “will provide even greater market momentum,” Cargill and DuPont Pioneer said in a news release.
“Ohio soybean growers have always been innovators in adopting new technology to add value to their soybean production,” said Randy Minton, DuPont Pioneer business director. “This 2015 Plenish high oleic soybean contracting program with Cargill will provide an opportunity for growers to earn more income per bushel and strengthen long-term market demand for the soybean industry.”
The companies said the genetically engineered soybean is an important example of how biotechnology is being used to develop products with direct food industry and consumer benefit. They note that Plenish high oleic soybean oil has zero grams of trans fat per serving and 20 percent less saturated fat than commodity soybean oil. In addition, its enhanced stability provides longer frying life in restaurant applications and longer shelf life in packaged food products.
Furthermore, they say field testing has confirmed yields on par with elite commercial products and that the product has been approved by over 90 percent of U.S. soybean export markets.
“The demands of the global marketplace require constant innovation,” said Jeff Kazin, vice president of oils trading for Cargill. “The Plenish high oleic soybean program aligns with Cargill's stated goal of helping farmers prosper and providing innovative solutions for our food customers.”
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