In
response to 2007 market conditions,
Monsanto Company (NYSE:
MON) and U.S. soybean processors are increasing the premium on
grain harvested from Vistive™ low-linolenic soybeans. For 2007,
growers will be able to earn a premium of 55 cents to 65 cents
per bushel on Vistive soybeans -- nearly double the average
30-35 cent bushel premium offered in 2006.
While 2007 orders of Vistive low-lin
soybeans already surpass last season's levels, Monsanto and
participating processors are seeking to secure incremental acres
of Vistive soybeans to meet the growing demand for low-linolenic
oil by food companies and capitalize on this new soybean market
opportunity for the U.S. soybean farmer.
"This demonstrates Monsanto's commitment
to developing soybeans as the source for low-linolenic oil
demanded by food companies, such as Kentucky Fried Chicken,
versus utilizing alternative sources," said Dave Rhylander,
Director of Traits for Monsanto. "The increased premium and
competitive agronomic performance provide farmers a compelling
profit opportunity to grow Vistive soybeans versus alternative
crops in 2007."
This premium applies to all existing and
new orders and is available as long as seed supply and processor
capacity is available. Growers are encouraged to contact seed
suppliers and processors as soon as possible.
Vistive soybeans will be available to
farmers for the 2007 season in Iowa and parts of Indiana,
Illinois, Minnesota, South Dakota, Nebraska, Michigan, Ohio,
Delaware and Maryland.
Available in 28 seed brands for the 2007
growing season, Vistive low-lin soybeans contain 3 percent
linolenic acid as an oil component compared with 8 percent for
conventional soybeans. This low-linolenic alternative enables
food processors to use Vistive oil as a substitute for
hydrogenated soybean oil that contains unhealthy trans fat.
Monsanto Company is a leading global
provider of technology-based solutions and agricultural products
that improve farm productivity and food quality.
RELATED RELEASE
U.S. farmers to gain $30
more per acre for Vistive soybeans
Vistive™ is a trademark of Monsanto
Technology LLC.