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Ag Processing Inc and Monsanto partner to bring Vistive Gold high oleic soybeans to Iowa farmers 


St. Louis, Missouri, USA
August 24, 2015

Ag Processing Inc (AGP) announced today it will participate in the 2016 pilot introduction of Monsanto’s Vistive® Gold high oleic soybeans.  They are the first processor to offer Iowa growers the opportunity to increase soybean profit potential with Vistive Gold high oleic soybeans. The new soybeans were developed with input from leading food companies over the last decade and offer an improved nutritional profile with zero trans* fats and reduced saturated fats** that the food industry and consumers are currently demanding.

AGP will partner with two member cooperatives near its Manning, Iowa plant – Farmers Cooperative Elevator Co., Arcadia and Aspinwall Cooperative Company, Aspinwall – to offer premiums of 80 cents per bushel for on-farm storage and 70 cents per bushel for harvest delivery to farmers who grow Vistive Gold soybeans under contract. The soybeans will then be processed at AGP’s processing plant in Manning and the high oleic oil marketed to interested food manufacturers. AGP and its participating cooperative members will be contracting with Iowa growers on a first-come-first-serve basis.   

“AGP is excited about our partnership with Monsanto, local cooperative members and soybean producers in this new opportunity to add value to soybeans and introduce new technology to the industry,” said Mark Sandeen, Vice President, Processing Marketing. “We look forward to working with our partners and food customers as Vistive Gold oil is introduced to the marketplace.”

The new soybeans will bring the opportunity for nutritionally improved cooking oil for consumers and food companies. Compared to other cooking oils, Vistive Gold also has improved oxidative stability, which reduces buildup on frying equipment and extends its oil fry life. This is important not only for reducing cost but also reducing residues, which can help to make restaurant operations more efficient and sustainable. In addition, the oil profile of Vistive Gold soybean oil has 60% less saturated fat** than commodity soy, delivers the same great taste and texture that people expect from cooking oils, and has a shelf life that is equal to or better than traditional oils.

“We are excited to bring Vistive Gold soybeans to farmers in Iowa, and see this as a great opportunity for farmers to maximize their soy acre profit potential,” said Sarah Vacek, Monsanto soy product quality traits manager. “Because Vistive Gold soybeans are built on the Roundup Ready 2 Yield® platform and feature enhanced breeding and agronomic packages, farmers will see the same yield advantage they have come to expect with their standard Monsanto varieties.”

Vistive Gold soybeans also bring opportunity for the soybean industry as a whole in Iowa. “The Iowa Soybean Association looks forward to working with AGP, Monsanto and Iowa soybean growers to expand the production of high oleic soybeans in Iowa,” said Iowa Soybean Association Chief Executive Officer Kirk Leeds. “High oleic soybeans are critically important as we recapture market share in the food sector that’s been lost due to concerns about trans fats.”  

Leeds also believes that high oleic soybeans could be of great value in industrial applications as well. “We encourage soybean farmers to take a look at high yielding Vistive Gold varieties and to consider becoming a partner in this important effort to expand demand for soybean oil.”

Vistive® Gold field trials have taken place for three seasons in Indiana, Michigan and Ohio through Monsanto’s Ground Breakers® program and growers report successful on-farm performance with the varieties. Ground Breakers trials provide farmers with first-hand experience with pipeline products under commercial-scale planting conditions. This program combines full-field and small-scale approaches to optimize farmers’ experiences, training and education opportunities. Monsanto continues to make progress toward commercial introduction of Vistive Gold soybeans in 2016.

For more information about Vistive Gold soybeans, visit VistiveGold.com or your local Asgrow® or Channel® seed dealers. For more information about contracts with AGP, please contact your AGP member cooperative for further details.

*One serving of Vistive Gold high oleic soybean oil (14g total fat) contains 1g saturated fat and 0g trans fats as defined by the FDA for Nutrition Facts Panel purposes.
 

About AGP

AGP (www.agp.com) is a leading agribusiness with primary operations as a major U.S. soybean processor/refiner producing and marketing soybean meal, refined soybean oil, and biodiesel. AGP businesses also include agricultural product trading in domestic and international markets, numerous U.S. grain elevator operations, and Masterfeeds, the leading animal nutrition company in Canada.  AGP is owned by local and regional cooperatives representing farmer-producers across the United States.  Corporate headquarters are located in Omaha, Nebraska. 

About Monsanto Company

Monsanto is committed to bringing a broad range of solutions to help nourish our growing world. We produce a variety of seeds ranging from fruits and vegetables to key crops – such as corn, soybeans, and cotton – that help farmers produce abundant and nutritious food. We work to find sustainable agriculture solutions that help farmers conserve natural resources, use data to improve farming practices, use water and other important resources more efficiently, and protect their crops from pests and disease. Through programs and partnerships, we collaborate with farmers, researchers, nonprofit organizations, universities and others to help tackle some of the world’s biggest challenges. To learn more about Monsanto, our commitments and our more than 20,000 dedicated employees, please visit: discover.monsanto.com and monsanto.com. Follow our business on Twitter® at twitter.com/MonsantoCo, on the company blog, Beyond the Rows® at monsantoblog.com or subscribe to our News Release RSS Feed.

 



More news from: Monsanto Company


Website: http://www.monsanto.com

Published: August 24, 2015

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