DuPont Pioneer Announces Expansion of 2018 High Oleic Soybean Contracting Program
2018 Pioneer® Brand Plenish®^ High Oleic Soybean Program Offers Processor-Paid Premium
DES MOINES, Iowa, Nov. 29, 2017 – DuPont Pioneer announced today that farmers will have additional acres available for production contracts of Pioneer® brand Plenish®^ high oleic soybeans for the 2018 growing season. Soybeans contracted under this program will be processed by Archer Daniels Midland Company (ADM) in Frankfort, Indiana, and a network of elevators, increasing grower access to this value-added market opportunity.
Farmers who contract with ADM to grow Pioneer® brand soybeans with the Plenish high oleic soybean trait in the 2018 growing season will receive a 50 cent per bushel incentive for producing and storing the beans or a 40 cent per bushel premium for a harvest delivery contract to a designated elevator.
“We’ve had success with Plenish high oleic soybeans that have been developed for this specific growing area resulting in outstanding yield and agronomic performance in the field,” DuPont Pioneer Area Lead John Demerly said. “We’re pleased to be working with ADM to bring even more higher-value soybeans to market.”
The development and commercialization of Plenish high oleic soybeans illustrates how biotechnology can provide direct benefits to the food industry, consumers and growers.
Plenish high oleic soybean oil provides companies and foodservice operators a sustainable, U.S.-grown, soy-based trans-fat alternative with 0 grams trans fat per serving and 20 percent less saturated fat than commodity soybean oil. The improved fatty acid profile provides the highest oxidative stability level of any commercially produced soybean oil. Additionally, this enhanced stability means longer fry life in restaurant applications and less polymerized oil buildup on equipment, which reduces cleaning costs.
The oil’s stability extends the shelf life for packaged food products without sacrificing flavor and eliminates the need for artificial preservatives, creating the opportunity for a cleaner ingredient label.
Plenish high oleic soybean oil’s exceptional stability also allows it to be used by the chemical industry as a renewable, environmentally friendly alternative to petroleum-based products.
Pioneer brand Plenish high oleic soybean varieties are being developed with elite genetics using Pioneer’s Accelerated Yield Technology (AYT) 4.0. Multiple years of local testing has confirmed yields are on par with similar elite commercial soybean varieties.
For more information on Plenish high oleic soybeans, visit www.plenish.com.
About DuPont Pioneer
DuPont Pioneer, a business unit of DowDuPont Agriculture Division, is the world’s leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success®.
About DowDuPont Agriculture Division
DowDuPont Agriculture, a business division of DowDuPont (NYSE: DWDP), combines the strengths of DuPont Pioneer, DuPont Crop Protection and Dow AgroSciences. Together, the Agriculture division provides growers around the world with the most complete portfolio in the industry, developed through a robust research pipeline across germplasm, biotech traits and crop protection. DowDuPont Agriculture is committed to delivering innovation, helping growers increase productivity and ensuring food security for a growing global population. DowDuPont intends to separate the Agriculture division into an independent, publicly traded company. More information can be found at www.dow-dupont.com.
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®, ™, ℠ Trademarks and service marks of DuPont, Pioneer or their respective owners.
^ EXPORT APPROVAL NOTICE: These products are authorized for planting in the United States and Canada. While many import market authorizations are in place, grain and byproducts produced from grain containing this technology may not be authorized in some markets. Growers that use this product are required and agree to adhere to the stewardship requirements as outlined in the Pioneer Product Use Guide and product-specific stewardship requirements for this product. For questions regarding product stewardship and biotech traits, please contact your sales representative or refer to www.pioneer.com/stewardship. Growers are required to discuss trait acceptance and grain purchasing policies with their local grain handler prior to delivering grain containing biotech traits.