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High oleic soybeans are moving west
Monsanto is bringing its Vistive Gold high oleic soybeans to Iowa in 2016. It will be the first time the high-oleic beans have been produced west of the Mississippi River.
Soybean processor Ag Processing Inc. (AGP) is working with Monsanto on the pilot introduction in Iowa. AGP’s Mark Sandeen says production will take place near their Manning processing plant in west-central Iowa.
“We will contract through two of our coop members—Farmers Coop at Arcadia and Aspinwall Coop at Aspinwall—to contract acres with local producers that will be shipped to our Manning facility for processing in the fall of 2016,” says Sandeen.
Growers will receive premiums, Sandeen says.
“The producer will be paid 70 cents per bushel if he were to deliver those beans during the fall harvest, or 80 cents per bushel is he were to hold those on the farm and deliver them during a buyers-call program,” he says.
AUDIO: Mark Sandeen
Sarah Vacek with Monsanto says the potential for high oleic is huge.
“What we hear from the industry, and the food industry in particular, is that there’s a lot of excitement around having a high oleic soybean oil on the market—where it could be millions of acres over the next few year that are needed from growers in Iowa and the entire Midwest,” Vacek says.
AUDIO: Sarah Vacek
Vacek says the high oleic soybeans offer an improved nutritional profile with zero trans fats and reduced saturated fats. She says those are properties the food industry and consumers are currently demanding.
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