So this is how the producer gets their payoff for using these news hybrids. “Up to” a 40 cent per bushel premium is a nice extra!

Bunge, Bellevue, Ohio, is one of a select group of elevators participating in a premium-based program for growing low linolenic soybeans from Pioneer Hi-Bred International, Inc., during the 2005-06 season. By participating in this Bunge DuPont Biotech Alliance program, Bunge will offer up to a 40-cent premium per bushel on low lin soybeans.

In conjunction with the premium program, the Alliance is marketing NUTRIUMTM Low Linolenic Soybean Oil to food companies to help meet increasing consumer demand for nutritious foods. Pioneer and Bunge are working with growers and local elevators to contract special low lin varieties used to produce NUTRIUM oil. “Soybean growers who participate in our low linolenic program not only are helping meet the increasing consumer demand for foods with improved nutritional profiles, they also are positioning U.S. growers as leaders and innovators in the global marketplace,” says Troy Hobbs, Alliance business manager.