Desr Moines and Iowa City, Iowa
April 10, 2008
Pioneer Hi-Bred, a DuPont business, and
Asoyia, Inc., have entered
into an agreement making Pioneer® brand 1 percent ultra low
linolenic soybean varieties with the Roundup Ready® trait
eligible for participation in the Asoyia® Identity Preserved
soybean program.
Soybeans eligible for the Asoyia program offer 1 percent
linolenic acid levels, making them attractive to a number of
consumers.
Beginning with the 2008 growing season, the program offers
premiums above soybean market prices for growers planting
Pioneer 1 percent ultra low linolenic soybeans and signing a
contract with Asoyia. The initial scope of the program will be
in the Cedar Rapids, Iowa, area with future expansion to other
Asoyia market areas. Growers will deliver their harvested
soybeans at the Cedar Rapids Cargill processing facility.
The first Pioneer soybean variety to be contracted in the
program will be 93Y50 (RR). There will be additional 1 percent
ultra low linolenic soybean varieties forthcoming in the Pioneer
product pipeline.
"This program provides a benefit to all throughout the chain,"
says John Hibbard, Pioneer business manager for end-use soybean
traits. "It provides a healthy product to consumers, a
differentiated product for food processors and added premiums
for growers. We're very excited about working with Asoyia on
this program."
Brett Maxwell, Asoyia vice president of operations, adds,
"Growers have the opportunity to cash in on an excellent soybean
market for their 2008 crop. Compounded with Asoyia's premium of
$0.75 per bushel for this premium program, plus freight
allowances where applicable, Midwest soybean growers should be
very optimistic about their bottom line earnings this year."
One percent ultra low linolenic soybeans are those with reduced
linolenic acid levels to help increase flavor stability and
reduce or eliminate the need for hydrogenation, a process that
increases trans fatty acid content of food products made or
fried in soybean oil. Eliminating hydrogenation and lowering
trans fat are desirable for improved human health qualities.
"The seed choices of producers impact the food chain, including
this product line that allows us to provide healthier food
ingredients. Asoyia is more than a seed and oil company, we're a
wellness company aimed to provide soybean oil for packaged
foods, restaurant chains and institutional food management,"
adds Maxwell.
Asoyia is a farmer and employee-owned company that grows and
processes 1 percent ultra low-lin soybeans to produce highly
stable oil with zero trans fats. Headquartered in Iowa City,
Iowa, Asoyia serves the network of growers, food processors,
brokers and seed partners.
Pioneer Hi-Bred, a DuPont business, is the world's leading
source of customized solutions for farmers, livestock producers
and grain and oilseed processors. With headquarters in Des
Moines, Iowa, Pioneer provides access to advanced plant genetics
in nearly 70 countries.
DuPont is a science-based products and services company. Founded
in 1802, DuPont puts science to work by creating sustainable
solutions essential to a better, safer, healthier life for
people everywhere. Operating in more than 70 countries, DuPont
offers a wide range of innovative products and services for
markets including agriculture and food; building and
construction; communications; and transportation.
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