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Plenish progressing with processing plant, jump in acreage
By BRUCE HOTCHKISS
(Jan. 5, 2015) Plenish, the high oleic soybean from DuPont Pioneer, continues to march its way into farmers’ fields to the west with the company announcing that it would provide a processing facility in Nebraska and that three new varieties of Plenish were being readied for the marketplace in 2016.
Meanwhile, a spokesperson for DuPont Pioneer said 200,000 contract acres — another estimate was 250,000 acres — were harvested in 2015 and “ we anticipate doubling that acreage in 2016.”
Now Plenish beans are grown on Delmarva, in four states around the Great Lakes and western Iowa but as the growth continues, the USB forecasts the growing area to stretch from the East Coast to Kansas and Nebraska.
DuPont Pioneer and Ag Processing Inc., have announced that AGP will offer production contracts for Pioneer brand Plenish for 2016 in Hastings, Neb..
The agreement expands the market footprint of Plenish soybeans and will help assure improved soybean oil availability for food and industrial product customers in the United States and particularly for western population centers.
The processing facility in Hastings will be the first for DuPont Pioneer and Plenish west of the Mississippi River.
DuPont Pioneer officials said the company’s goals for this year included the expectation that “to continue to increase Plenish acres in the Delmarva region as demand for high oleic soybean oil grows.
They added, that in 2016, “we are introducing two new Group 4 soybean varieties and one new late Group 3 soybean variety to provide even more Plenish seed choices for Delmarva farmers”
For the record, the productive names of those new varieties are P37T51PR, P41T65PR, and P42T71PR respectively.
The agreement between DuPont Pioneer and AGP, the companies said, “expands the market footprint of Plenish high oleic soybeans and will help assure improved soybean oil availability for food and industrial product customers in the United States and particularly for western population centers.”
AGP is a leading agribusiness with primary operations as a major U.S. soybean processor/refiner producing and marketing soybean meal, refined soybean oil and biodiesel. Corporate headquarters are located in Omaha, Neb.
“AGP is excited to bring this value-added opportunity to area soybean farmers to help improve their return per acre, and to develop the first Plenish high oleic soybean production footprint west of the Mississippi,” said Mark Sandeen, AGP vice president of processing and marketing.
“The improved fry-life and shelf-life characteristics that Plenish high oleic soybean oil brings to food industry applications, along with the product’s nutrition benefits, will help build long-term soybean demand. It’s a win-win for all stakeholders in the soybean industry, from farmers to consumers.”
AGP will contract with growers around its Hastings soybean processing plant and refinery to produce Plenish for the 2016 growing season. Farmers will receive a 50-cent-per-bushel incentive for producing and storing the beans, or a 40 cent- per-bushel premium for a harvest delivery contract.
DuPont Pioneer officials said “the development and commercialization of Plenish high oleic soybean oil is an example of how biotechnology can provide direct benefits to the food industry and consumers. The oil’s improved fatty acid profile provides a sustainable, U.S. grown, soy-based trans-fat alternative for food companies and foodservice operators with the highest oxidative stability of any soybean oil being commercially produced.
“The enhanced stability means longer fry life in restaurant applications in addition to less polymerized oil buildup on equipment. For food manufacturers, it means longer shelf life for packaged food products without sacrificing flavor and provides the opportunity for a cleaner ingredient label by eliminating the need for artificial preservatives.
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.