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Pioneer, ADM Announce 2012 Plenish™ High Oleic Soy Contract Program

Next-Generation Soybean Trait Provides Food Industry Benefits


DES MOINES, Iowa, Aug. 30, 2011 – Pioneer Hi-Bred, a DuPont business, and Archer Daniels Midland Company (ADM), announced that ADM will contract for Plenish™ high oleic soybeans in 2012 with the intention of marketing the high oleic soybean oil for use by the food industry in 2013.

ADM is inviting soybean growers in the Frankfort, Ind., area to contract with ADM to produce Plenish™ high oleic soybean for the 2012 growing season. Farmers will receive a processor paid incentive for producing and delivering these soybeans, with an additional stewardship incentive available for this growing season.

“ADM looks forward to working closely with Frankfort-area growers to produce Plenish™ high oleic soybeans for continued product testing. Farmers trained in growing specialty crops under identity preserved conditions are especially well suited for this exciting opportunity.” said Matt Hartman, ADM’s commercial manager, Frankfort, Ind.

“We continue to see solid results in the field and strong interest from food companies looking for a soybean oil with consumer benefits and functionality,” said Brad Lance, business director at Pioneer Hi-Bred. “This contract program allows our partners to continue testing and development with Plenish™ high oleic soybean oil.”

Pioneer has extensive experience in implementing and managing identity preserved programs. All acres of Plenish™ high oleic soybeans grown in 2012 will be grown under contract with trained growers, with strict stewardship plans in place. All growers are required to follow mandatory stewardship procedures.

Pioneer is the first to market a high oleic soybean that will provide an alternative solution for food companies and foodservice operators and new market opportunities for Indiana soybean growers. Plenish™ high oleic soybeans from Pioneer contain the highest oleic content (more than 75 percent) of any soybean product under commercial development. This significantly increases the stability of the oil and provides greater flexibility in food applications. Plenish™ high oleic soybean oil has 0g trans fat per serving and 20 percent less saturated fat than commodity soybean oil, making it a more attractive ingredient for consumer food products.

Pioneer has launched the high oleic soybean trait in its industry-leading line-up of Pioneer® brand Y Series soybean varieties, and field testing has confirmed yields on par with elite commercial products.

The U.S. Food and Drug Administration (FDA) completed its review of Plenish™ high oleic soybeans in 2009 and the U.S. Department of Agriculture (USDA) deregulation in June 2010 allows Plenish™ high oleic soybeans to be grown under contract for ongoing field testing in the United States and additional oil testing by major oil processors and food companies. Regulatory submissions for the trait also have been submitted to key soybean importing countries around the world. Processing of the 2012 production is anticipated to occur in 2013 following global regulatory approvals.

Every day, the 30,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 265 processing plants, ADM converts corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. ADM operates the world’s premier crop origination and transportation network, connecting crops and markets in more than 75 countries. Global headquarters are in Decatur, Ill., and net sales for the fiscal year ended June 30, 2011, were $81 billion. For more information visit www.adm.com

Pioneer Hi-Bred (www.pioneer.com), a DuPont business headquartered in Des Moines, Iowa, is the world's leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success™. For more information on Plenish™ high oleic soybeans visit www.plenish.com.

DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.

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8/30/11

Contact:   Amanda Rinehart
515-535-7414
amanda.rinehart@pioneer.com

 

Pioneer®, Plenish™ and Science with Service Delivering Success™ are registered trademarks or trademarks of DuPont or its affiliates.