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Premium Programs
Rewards for Quality
Currently, several processors are paying a premium for enhanced soybean oil traits. Below are just a few of the premium programs that processors offer for low linolenic varieties. For the most up-to-date information, contact your local grain elevator.
Ag Processing
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As part of its history of soybean component premiums, AGP is offering a $.40 premium at its Mason City and Sheldon, Iowa processing plants to soybean farmers who are growing the VISTIVE™ soybean varieties, Asgrow 2321V & Asgrow 2421V. These varieties produce soybean oil with reduced trans fats.
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Contact:
Kent Klootwyk
Sheldon, IA
712/324-2531
kklootwyk@agp.com
Mark Meierotto
Mason City, IA
641/423-4733
mmeiermotto@agp.com
For more information, please go to http://www.agp.com.
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Asoyia
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Farmers receive an up front premium of $0.55 per bushel for growing Asoyia 2704 and Asoyia 3204, 1% low linolenic soybean varieties. The oil is processed through a partnership with Cargill and marketed as Asoyia Ultra Low-Lin Soybean Oil. Farmers receive an additional premium based on one-third of Asoyia’s net profit soybean oil sales.
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Contact:
Vivan Jennings, CEO Asoyia, LLC
Winfield, IA
319/257-3400
vmjennings@asoyia.com
Please visit www.asoyia.com for more information.
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Cargill
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Cargill is offering a $.40 premium to Iowa farmers who grow VISTIVE soybeans. The oil from these Roundup Ready® soybeans will help U.S. food companies in labeling their product as trans fat-free while still being able to use soybean oil.
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Contact:
Rich Berg
800/247-1323 ex 2604
rich_berg@cargill.com
Jim Martens
800/247-1323 ex 2606
james_martens@cargill.com
Eric Keller
515/224-2621
eric_keller@cargill.com
For more information, please visit www.cargill.com.
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DeBruce Grain
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As part of its partnership with Bunge and DuPont, DeBruce Grain in Creston, Iowa is offering a $.40 premium program for Pioneer 93M20, a Roundup Ready soybean variety. The oil from this variety is the low linolenic NUTRIUM technology that is marketed to U.S. food companies.
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Contact:
Dean Michaelson, Location Manager
641/782-1900
Toll-free: 877/274-2676
dmichaelson@debruce.com
For more information, please visit: www.debruce.com, or visit www.pioneer.com for more information on NUTRIUM Low-Lin Soybean Oil.
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Pioneer® brand variety 93M20
During 2005, Bunge will pay premiums for the delivery of Pioneer variety 93M20 grain to select participating elevators in Iowa. The premium is set at $.40 per bushel. Participating growers must provide the grain to elevators within an identity-preserved system. Pioneer variety 93M20 must be purchased from a Pioneer sales professional.
For more information contact Kent Forbes at Pioneer, kent.forbes@pioneer.com
Read a processor testimonial about why premiums based on compositional qualities are an effective approach.
© 2005 QUALISOY
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