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DuPont Pioneer, Perdue AgriBusiness Announce Contracting Plans for 2016 Pioneer® Brand Plenish® High Oleic Soybeans

Contract Program to Add Acres as Demand for High Oleic Soybean Oil Grows


DES MOINES, Iowa, Aug. 31, 2015 – DuPont Pioneer and Perdue AgriBusiness announced today they will increase contracting acreage for the third year for the Pioneer® brand Plenish® high oleic soybean program in 2016. Perdue will again contract with soybean growers in geographies supplying its soybean crush facility in Salisbury, Md. The high oleic soybean oil produced from this program will target several markets, including foodservice and food manufacturing looking for healthier oil alternatives that meet their performance requirements.

For the 2016 growing season, Perdue AgriBusiness will contract with soybean farmers in Maryland, Delaware and Pennsylvania to grow Pioneer® brand soybeans with the Plenish® high oleic trait. In addition to helping to expand adoption of an important new technology that will grow the market for soybean oil, farmers will be eligible for a Perdue incentive for producing and delivering Plenish® high oleic soybeans. Multiple delivery points will be available in contract areas. For contract information, contact your Pioneer sales representative or April Cheesman, Perdue AgriBusiness, at 866-816-7946, or april.cheesman@perdue.com.

“Soybean farmers supplying Perdue have a keen interest in finding new ways to add value to their production and in growing the region’s agricultural industry,” said Randy Minton, DuPont Pioneer business director for the Eastern region. “The solid yield performance of Plenish® high oleic soybean varieties, combined with the added profit opportunity with grain premiums, makes participation in the Perdue program an attractive decision for growers. The plan to increase Plenish® high oleic soybean acres for 2016 comes at a good time, considering the challenges growers face with lower soybean prices.”

“Farmer interest in Plenish® high oleic soybeans continues to grow. We’ve doubled the acres grown each year we’ve offered the Plenish® high oleic soybean program, and we expect to increase the contracted acreage again next year,” said John Ade, Perdue AgriBusiness senior vice president. “By working with DuPont Pioneer on the production of Plenish® high oleic soybeans, we’re generating additional profit opportunities and long-term industry growth for Eastern Shore farmers. In addition, it enables our company to better serve the needs of our downstream oil customers addressing trans fats in food.”

The development and commercialization of Plenish® high oleic soybean oil is a significant milestone for Pioneer efforts to bring product innovation to the soybean value chain. It’s an important example of how biotechnology is being used to develop products with direct food industry and consumer benefit. The oil’s improved fatty acid profile provides a soy-based trans-fat alternative for food companies and foodservice operators. Its enhanced stability provides longer frying life in restaurant applications and longer shelf life in packaged food products.

From a health and nutrition perspective, 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 health conscious consumers of food products.

The Plenish® high oleic soybean varieties are developed by Pioneer using its elite genetics and cutting-edge technologies. Field testing has confirmed yields on par with elite commercial products.

Pioneer has obtained regulatory approvals for Plenish® high oleic soybeans in a number of key U.S. soybean export markets and approvals are pending in additional export markets.

Perdue AgriBusiness (www.perdueagribusiness.com) is an independent operating company of Perdue Farms, Inc. We are a leading merchandiser, processor and exporter of agricultural products. Through our 70 elevator locations with more than 75 million bushels of storage, deep-water port, transload facilities, oilseed crushing operations, edible oil refinery, protein blend mills and seed treatment facility, Perdue AgriBusiness serves markets across the United States and around the world. We help our customers prosper with flexible, forward-thinking solutions for agriculturally based products.

DuPont Pioneer (www.pioneer.com) 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®.

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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8/31/15

Contacts:    DuPont Pioneer
Jane Slusark
515-535-0164
Jane.Slusark@pioneer.com
   Perdue AgriBusiness
Julie DeYoung
410-341-2193
Julie.DeYoung@perdue.com
 


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

EXPORT APPROVAL NOTICE: This product is fully approved in the United States and Canada. Traits included in these products may or may not be approved in all global markets; therefore, the combination of these traits and the grain and certain by-products (including oil, dried distillers grain, cobs, and husks) from THESE PRODUCTS MAY NOT BE APPROVED for all markets. Growers that use this product are required and agree to adhere to the stewardship requirements as outlined in the Pioneer Product Use Guide and product-specific Stewardship Requirements for this product, which include specific grain disposition requirements. For questions regarding product stewardship and biotech traits please contact your sales representative or refer to www.pioneer.com/stewardship. Growers are required to discuss trait acceptance and grain channeling policies with their local grain handler prior to delivering grain containing biotech traits.