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DuPont Pioneer, Cargill Announce soybean contract program
Oct. 13, 2014
DuPont Pioneer and Cargill announced that they will work with farmers near Cargill's facility in Sidney, Ohio, to grow Pioneer® brand soybeans with the Plenish® high oleic trait in 2015.
Cargill will contract with soybean farmers in the Sidney, Ohio, area to grow Plenish® high oleic soybeans that will be delivered to a participating elevator or directly to Cargill for processing. Growers will be eligible for a processor-paid incentive for producing and delivering high oleic soybeans. Industry interest in Plenish® 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.
"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 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. We look forward to working with DuPont Pioneer to better serve the total supply chain, from farmers to consumers, to create greater value for all."
The development and commercialization of Plenish® high oleic soybean oil is a significant milestone for DuPont Pioneer in its efforts to bring product innovation to the soybean value chain. It's an important example of how biotechnology is being used to develop products with direct food industry and consumer benefit. The oil's improved fatty acid profile provides a soy-based trans fat alternative for food companies and foodservice operators. Its enhanced stability provides longer frying life in restaurant applications and longer shelf life in packaged food products.
From a health and nutrition perspective, Plenish® high oleic soybean oil has 0g trans fat per serving and 20 percent less saturated fat than commodity soybean oil, making it a more attractive ingredient for health-conscious consumers of food products.
Source: DuPont news release
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