TESTIMONIALS – High oleic soybean
Those of us who have grown it have seen results. We need more farmers. There are new demand possibilities, and we need to show those markets we are ready.
Soybean farmer from Upper Sandusky, Ohio
When oil becomes more valuable, it increases the value of the entire bean. Growing high oleic doesn’t just help one group of soybean farmers, it helps all soybean farmers.
Soybean farmer from Walton, Indiana
If the industry reaches its 2023 goal, we will have simpler, improved oil that helps farmers, consumers and processors—it’s a long food chain that benefits.
High oleic’s profitability stems from its appeal to end-use customers in food and industrial sectors. But it also works for farmers like John Motter.
Motter, an early adopter of high oleic soybeans, first chose to grow them in 2011. He views the new trait as an opportunity for all soybean farmers. By choosing high oleic, farmers demonstrate to potential customers their long-term commitment to provide a consistent supply of high oleic oil. Today, Motter grows high oleic on 100 percent of his soybean acres.
“High oleic soybeans could really impact farmers in a positive way. We are growing a product that has higher value for end users, which translates to more demand and higher profitability for us.
Russell Stevens was among the first farmers to add high oleic to his crop rotation. Farmers can grow high oleic soybeans using similar production practices as they would for commodity beans, allowing Stevens to integrate the high oleic varieties into his farm through double cropping.
During a typical year, the Maryland soybean farmer raises vegetables and wheat, and then plants high oleic soybeans behind them. For Stevens, it was important that high oleic came with the disease and trait packages he needs for success. High oleic soybeans offer the agronomic packages farmers need and expect, along with yielding on par with traditional soybeans.
“High oleic beans really fit our needs, and when they yielded as well as they did, we chose to plant them again. This year’s fields look just as good.” –Stevens
Farmers who grow high oleic on a portion of their soybean acres like Kirkpatrick may be eligible for a value-added premium or processor-paid incentive. Processors determine premiums based on how much more end-use customers are willing to pay for high oleic soybean oil. These premiums are competitive in the marketplace to allow high oleic soybean oil to compete with other oils on the market.
The agronomic management costs of high oleic soybeans are not unlike commodity soybeans. After Kirkpatrick’s brothers grew high oleic, he saw it as an opportunity to innovate while adding to his bottom line.
“I wanted to support this initiative because of the potential for increased profitability for soybean farmers. High oleic comes in the trait packages I need, and I have not had to treat them any differently than my other soybeans.” – Kirkpatrick
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