Alleman, Iowa
September 1, 2004
Asgrow® continues to set the standard in soybean performance and
grower profitability with a premium opportunity on low-linolenic
soybeans.
Responding to the growing
demand for healthier foods,
Monsanto today announced the development and
commercialization of new, low-linolenic soybeans produced
through conventional breeding that will reduce or eliminate
trans fatty acids (trans fats) in processed soybean oil, while
maintaining performance parity with leading soybean varieties.
Kerry Preete, Vice President of
U.S. Crop Production, said that Monsanto will offer the
opportunity to hundreds of Iowa growers to plant these soybeans
for the 2005 crop season. The soybeans will be the first to
carry the VISTIVE™ brand, Monsanto's new line of products
offering direct consumer benefits - specifically, enhanced
food-grade oils.
Producers will grow the
soybeans under contract with participating soybean processors,
which will crush the grain, refine the oil and market that oil
to food companies. Participating processors will offer growers a
premium for the VISTIVE soybeans. Ag Processing Inc. (AGP) will
be a participating soybean processor for 2005. Monsanto is
finalizing programs with additional participating processors and
anticipates announcing details in the next few weeks.
Monsanto's leading soybean
breeders and research scientists have worked for more than a
decade to develop VISTIVE soybeans, which Preete said not only
provide yield parity with leading soybean varieties but also
maintain outstanding agronomic benefits.
"We are very excited to give
growers the opportunity to earn a premium on VISTIVE soybeans
without sacrificing performance," said Preete, who announced the
commercialization of the new low-linolenic soybeans at the 2004
Farm Progress Show. "Growers don't have to trade off yield and
agronomics for this premium opportunity." For 2005, VISTIVE
soybeans will be available in Monsanto's Asgrow® brand.
VISTIVE soybeans, which will
have the Roundup Ready® trait, contain less than 3% linolenic
acid, compared to 8% for traditional soybeans, resulting in a
more stable soybean oil, with a better flavor profile, and less
need for hydrogenation. Because soybeans with less linolenic
acid reduce or eliminate the need for partial hydrogenation,
trans fats in processed soybean oil can be reduced or
eliminated.
Trans fats are created in the
partial hydrogenation process, which is used to increase shelf
life and flavor stability in fried foods, baked goods, snack
products and other processed foods. Trans fats are linked to
heart disease, because they lower HDL (good) cholesterol while
raising LDL (bad) cholesterol.
Investment in Soybeans
Preete said the U.S. Food and Drug Administration's mandate to
include trans fat labeling on food products beginning January 1,
2006, is a major factor driving the demand for low-linolenic
soybean oil. VISTIVE could establish a new standard for the
performance of food-grade oils, as the U.S. consumes more than
18 billion pounds of soybean oil annually, he said.
Monsanto, he said, is
continuing to invest revenue in soybean research and
development, moving from agronomic traits to the next wave of
quality and compositional enhancements that will benefit growers
and consumers. "Monsanto has been a leader in developing
technology to make U.S. soybean growers more competitive," said
Preete. "Roundup Ready Soybeans ushered in a new era of
agronomic benefits for farmers. Our current research is focused
on oils with consumer benefits that will allow growers to earn a
premium. VISTIVE soybeans with low levels of linolenic acid, the
first product in this effort, represent a payoff from our
investment in technology."
Preete said Monsanto has met
with leading food companies and is well aware of their interest
in reducing trans fats. "We're working closely with these
manufacturers to understand their oil and protein needs, and
we're confident that our robust product pipeline will be able to
meet their objectives and provide consumers with improved
choices," he said.
Increasing the Competitiveness of U.S. Soybeans
Preete noted that VISTIVE soybeans support the strategic
direction of QUALISOY, an industry coalition devoted to
developing and commercializing enhanced compositional traits
that add value to U.S. soybeans. Monsanto announced earlier this
year that it is supporting the QUALISOY program with important
gene sequence data and an $8.4 million grant earmarked for
ongoing research and communication.
"The development of VISTIVE
soybeans not only improves the competitiveness of growers, it
also meets the needs of the food industry," said John Becherer,
Chief Executive Officer of QUALISOY. "We appreciate Monsanto's
investment in the future of the U.S. soybean industry, as low
linolenic acid and other compositional traits will benefit the
industry for the long term."
Monsanto's announcement drew
praise from the American Soybean Association. "We are very
pleased by the introduction of VISTIVE soybeans, and the
opportunity for our growers to participate in its success," said
Ron Heck, ASA Chairman. "This is exactly the kind of quality
improvement needed to ensure the future competitiveness of U.S.
soybeans and soybean oil in the global market. Raising soybeans
with improved compositional traits such as low linolenic acid
represents the future for our growers."
Preete said Monsanto is
committed to working with the soybean industry to continue
strengthening that competitive position. "The industry
understands that we need to shift to a quality platform to be
competitive in the future, and Monsanto is proud to lead the way
in supporting that goal," he said.
Expanding Industry Opportunities
Monsanto and participating soybean processors, in cooperation
with ASA and the Iowa Soybean Association (ISA), will work
together to pursue grower contracts from now through the end of
the seed sales season. Participants in the 2005 planting program
will have preferred status when the program is expanded in 2006.
ASA Chairman Ron Heck
commented, "This is another premium-growing opportunity that ASA
and ISA are pleased to make available to our members and those
growers who become members as part of this program."
Preete emphasized that Monsanto
is committed to creating additional opportunities throughout the
soybean industry with its low-linolenic program. "As with our
other technology innovations, our intent with VISTIVE soybeans
is to increase the choices available to growers by expanding the
number of participating seed companies and soybean processors,"
he said. "We anticipate adding seed and processing partners in
2006."
Monsanto Company is a
leading global provider of technology-based solutions and
agricultural products that improve farm productivity and food
quality. For more information on Monsanto, see
www.monsanto.com.
Asgrow®,
Roundup Ready® and VISTIVE™ are trademarks of Monsanto
Technology LLC. ©2004 Monsanto Company. |