October 13, 2014

Leading seeds producer DuPont Pioneer has contracted soy farmers in the Sidney, Ohio, area to grow its Plenish high oleic soy starting 2015. The soy is to be processed by the 149-year-old food and agricultural products innovator Cargill, according to the contract.

Under the contract program, farmers near Cargill's facility in Sidney who will grow Pioneer brand soy will be eligible for a processor-paid incentive. The farmers have to deliver the soy to a participating elevator or directly to Cargill for processing. 

"This 2015 Plenish high oleic soy contracting programme with Cargill will provide an opportunity for growers to earn more income per bushel and strengthen long-term market demand for the soy industry," said Randy Minton, DuPont Pioneer business director.

Jeff Kazin, vice president of oils trading for Cargill, for his part, said the Plenish high oleic soybean programme "aligns with Cargill's stated goal of helping farmers prosper and providing innovative solutions for our food customers".

He added that they looked forward to working with DuPont Pioneer to "better serve the total supply chain, from farmers to consumers, to create greater value for all".

Plenish high oleic soy oil is said to have 0g trans fat per serving and 20% less saturated fat than commodity soy oil.

The high oleic soy varieties developed by DuPont Pioneer, based on field tests, have yields that are on par with elite commercial products.