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DuPont, Bunge expand low-lin soybean acres

Agriculture.com Staff 09/11/2006 @ 8:03am

Growers across the Midwest have expanded options to earn special premiums for their soybeans during the 2007 season.

The Bunge DuPont Biotech Alliance is increasing planted acreage of low linolenic soybeans to meet growing demand for Treus low-linolenic soybean oil. Selected elevators throughout the region will offer up to a 40-cent-per-bushel premium for low-linolenic soybeans from Pioneer Hi-Bred International, Inc.

This is the third year for the contracting program. From a targeted base in Iowa in 2005, the geography has expanded each year and will reach into eight states for the 2007 growing season, including Iowa, Illinois, Indiana, Ohio, Michigan, Wisconsin, Pennsylvania and Missouri.

Growers who sign up to deliver Pioneer low-lin soybeans to participating elevators can earn a 40-cents per bushel "buyers call" premium (for on-farm storage) or a 35-cents per bushel "harvest delivery" premium (with delivery directly at harvest to participating elevators offering this option).

In addition, growers can collect a 10-cents per bushel early signing bonus. Contract growers are eligible to earn up to a 10 percent rebate on approved DuPont Crop Protection products used on their 2007 Pioneer low-lin soybean contract acres.

Growers across the Midwest have expanded options to earn special premiums for their soybeans during the 2007 season.

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