Monsanto and
Cargill,
Incorporated announced today that Cargill will
be a participating processor of Monsanto’s VISTIVE™
low-linolenic soybeans in 2006 and will continue to
accelerate the marketing of 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. Cargill is one of the initial VISTIVE
processors for 2005, and it will continue in that
capacity.
For the 2006 growing
season, Cargill will be contracting with growers in
Iowa for up to 150,000 acres of VISTIVE soybean
production. Cargill will pay a premium to producers
who grow VISTIVE soybeans under contract, then it
will crush and sell the processed soybean oil to
food companies.
VISTIVE soybeans,
developed through conventional breeding, contain
less than three percent linolenic acid as 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.
“With a new crop year,
we are pleased to once again promote the value of
these trait-enhanced soybeans through our farmer
contracting and oilseed processing activities,” said
Jim Sutter, vice president of Cargill’s Grain and
Oilseed Supply Chain – North America business. “This
program helps address food manufacturing customers’
desire to reduce the trans fat content in processed
foods, while providing soybean farmers a premium for
growing a higher-value product. This is something we
expect to see more of in the future as additional
traits are developed in response to market demand.
We are happy to be collaborating with farmers to
develop a system that brings these important new
products to market.”
“As a leading solution
provider to the U.S. food industry, Cargill is
pleased to help our manufacturing customers better
meet their customers’ needs, and to partner with
Monsanto in commercializing these exciting new
products,” said Stan Ryan President of Cargill’s
Dressings, Sauces and Oils – North America business.
“We look forward to continue participating in the
growing promise of innovations such as VISTIVE.”
“We contracted all
available VISTIVE soybeans in 2005, so we know that
this product is in demand. We are very pleased to
partner with an industry leader like Cargill to
ensure a successful expansion of VISTIVE soybeans in
2006,” said Kerry Preete, Vice President of U.S.
Crop Production for Monsanto. “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.
Cargill will process
VISTIVE soybeans at its facilities in Des Moines,
Iowa Falls and Cedar Rapids, Iowa. Specific
information regarding grower opportunities and
contract details will be available from Cargill in
the near future.
Cargill, Incorporated
is an international provider of food, agricultural
and risk-management products and services. With
101,000 employees in 59 countries, the company is
committed to using its knowledge and experience to
collaborate with customers to help them succeed.
Monsanto Company is a
leading global provider of technology-based
solutions and agricultural products that improve
farm productivity and food quality.
Asgrow®, Roundup
Ready®, VISTIVE™, Crow’s®, NC+® and Midwest Seed
Genetics® are trademarks of Monsanto Technology LLC
or of a Monsanto affiliated company. All other
trademarks are the property of their respective
owners.