Des Moines, Iowa
September 11, 2006
Growers can earn premiums for
planting Pioneer® brand low linolenic soybeans
Growers across the Midwest have
expanded options to earn special premiums for their soybeans
during the 2007 season. The Bunge
DuPont Biotech Alliance is
dramatically increasing planted acreage of low linolenic
soybeans to meet growing demand for TREUS™ Low Linolenic Soybean
Oil. Selected elevators throughout the region will offer up to a
40-cent premium per bushel for low linolenic soybeans from
Pioneer Hi-Bred International,
Inc.
This is the third year for the contracting program. From a
targeted base in Iowa in 2005, the geography has expanded each
year and will reach into eight states for the 2007 growing
season, including Iowa, Illinois, Indiana, Ohio, Michigan,
Wisconsin, Pennsylvania and Missouri.
In conjunction with the premium program, the Alliance is
marketing TREUS™ Low Linolenic Soybean Oil to food companies to
help meet increasing consumer demand for nutritious foods.
Pioneer and Bunge are working with growers and local elevators
to contract special low lin varieties used to produce TREUS™
oil.
"We are seeing strong demand from food companies for low
linolenic soybean oil and are excited to offer valuable
contracting opportunities to soybean growers," said Troy Hobbs,
Alliance business manager. "Growers who participate in our low
linolenic program not only are helping meet the increasing
consumer demand for foods with improved nutritional profiles,
they also are positioning U.S. growers as leaders and innovators
in the global marketplace."
Growers who sign up to deliver Pioneer® brand low lin soybeans
to participating elevators earn attractive premiums for this
identity-preserved crop. Participating low lin growers can earn
a 40-cents per bushel "buyers call" premium (for on-farm
storage) or a 35-cents per bushel "harvest delivery" premium
(with delivery directly at harvest to participating elevators
offering this option).
In addition, growers can collect a 10-cents per bushel early
signing bonus. Contract growers are eligible to earn up to a 10
percent rebate on approved DuPont Crop Protection products used
on their 2007 Pioneer low lin soybean contract acres. For more
information, contact your local Pioneer sales professional.
Pioneer is continuing to expand the line-up of low lin soybean
varieties available in its high performing soybean product line.
The product pipeline includes several new varieties for 2007
that can be grown across broader geographies and maturity zones.
Pioneer low lin soybean varieties are offered as a part of the
Pioneer IndustrySelect® program, which offers customized
solutions for end use markets.
According to Hobbs, the Alliance in 2007 expects to
significantly increase the acreage dedicated to low lin soybeans
to meet the growing customer demand.
The availability of TREUS™ oil in the marketplace benefits
growers at the front, elevators and processors in the middle,
and food processors, foodservice providers and -− ultimately -−
the consumer at the end of the food chain.
For more information on low linolenic soybean varieties, signing
details and options and participating elevators in your area,
visit your local Pioneer sales professional. Or, visit one of
the regional low lin soybeans websites from Pioneer:
-- Southwestern Iowa/Missouri:
http://www.pioneer.com/llsoy/elevators/iowa.htm
-- Eastern Iowa/Illinois/Wisconsin:
http://www.pioneer.com/llsoy/elevators/ia_il.htm
-- Indiana/Michigan/Ohio:
http://www.pioneer.com/llsoy/elevators/michigan.htm
Bunge North
America, the North American operating arm of Bunge Limited
(NYSE: BG), is a vertically integrated food and feed ingredient
company, supplying raw and processed agricultural commodities
and specialized food ingredients to a wide range of customers in
the livestock, poultry, food processor, foodservice and bakery
industries. With headquarters in St. Louis, Missouri, Bunge
North America and its subsidiaries operate grain elevators,
oilseed processing plants, edible oil refineries and packaging
facilities, and corn dry mills in the U.S., Canada and Mexico.
Pioneer Hi-Bred International, Inc., a subsidiary of DuPont, is
the world's leading source of customized solutions for farmers,
livestock producers and grain and oilseed processors. With
headquarters in Des Moines, Iowa, Pioneer provides access to
advanced plant genetics, crop protection solutions and quality
crop systems to customers in nearly 70 countries. DuPont is a
science company. Founded in 1802, DuPont puts science to work by
creating sustainable solutions essential to a better, safer,
healthier life for people everywhere. Operating in more than 70
countries, DuPont offers a wide range of innovative products and
services for markets including agriculture, nutrition,
electronics, communications, safety and protection, home and
construction, transportation and apparel.
Pioneer®, TREUS™ and IndustrySelect® are trademarks of Pioneer
Hi-Bred International, Inc. |