St. Louis, Missouri and Zeeland,
Michigan
September 6, 2005
Monsanto Company and
Zeeland Farm Services, Inc.
(ZFS) announced today that ZFS will be a participating processor
of Monsanto's VISTIVE™ low-linolenic soybeans in 2006 and will
market VISTIVE oil for use by the food industry. VISTIVE
low-linolenic soybeans will reduce the need for partial
hydrogenation of soybean oil, helping food companies reduce the
presence of trans fatty acids (trans fats) in their products.
For the 2006 growing season,
ZFS will be contracting with growers in Michigan for up to
25,000 acres of VISTIVE soybean production. ZFS will pay a
premium to producers who grow VISTIVE soybeans under contract,
then will crush and sell the processed soybean oil to food
companies.
VISTIVE soybeans, developed
through conventional breeding, contain less than three percent
linolenic acid compared to the typical eight percent level found
in traditional soybeans. The result is a more stable soybean
oil, with less need for hydrogenation. Because soybeans with a
lower linolenic acid level reduce the need for partial
hydrogenation, their application in processed soybean oils will
reduce the presence of trans fats in processed soybean oil.
The development of VISTIVE is
significant because, beginning Jan. 1, 2006, all food products
and dietary supplements bearing a nutritional facts panel that
are regulated by the U.S. Food and Drug Administration and sold
in the United States will be required to list trans fat content.
"VISTIVE soybeans represent an
innovative approach to addressing the trans fat issue, and we
are excited to be part of that solution," said Cliff Meeuwsen,
president of ZFS. "VISTIVE soybeans are also an excellent
example of creating new market value, which is what U.S. soybean
producers are looking for. VISTIVE enables producers to get paid
a premium and participate in a process that moves soybeans
higher up the value chain in today's market."
"We contracted all available
VISTIVE soybeans in 2005, so we know that this product is in
demand," said Kerry Preete, Vice President of U.S. Crop
Production for Monsanto. "We are very pleased to partner with an
industry leader like ZFS to ensure a successful expansion of
VISTIVE soybeans in 2006. VISTIVE not only supports growing
consumer demand for healthier foods, but also represents an
important investment in the future success of the U.S. soybean
industry."
Monsanto expects that VISTIVE
soybeans will be grown on nearly 500,000 acres in 2006. VISTIVE
soybeans have the Roundup Ready® trait and maintain performance
parity with other commercial soybean varieties. For 2006,
VISTIVE will be available in Monsanto's Asgrow® brand, as well
as Stine®, Prairie™ Brand Seed, Latham® Seed, Kruger™ Seed
Company, Croplan Genetics®, FS HiSOY®, LG® Seeds, Producers
Hybrids®, Midwest Seed Genetics®, Crow's® and NC+® seed brands.
ZFS will process VISTIVE
soybeans at its facility in Zeeland, Michigan. Specific
information regarding grower opportunities and contract details
will be available in the near future.
ZFS, a family owned business
with over 50 years of service to the agricultural and
transportation industries, operates the largest facility in
Michigan that produces meal and oil from soybeans.
Monsanto Company is a
leading global provider of technology-based solutions and
agricultural products that improve farm productivity and food
quality.
Asgrow®, Roundup Ready® and
VISTIVE™, Crow's®, NC+® and Midwest Seed Genetic® are trademarks
of Monsanto Technology LLC or of a Monsanto affiliated company.
All other trademarks are the property of their respective
owners. ©2005 Monsanto Company. |