PIONEER/BUNGE ALLIANCE EXPANDS CONTRACT ACRES

GROWERS interested in raising low-linolenic soybeans on contract got a boost from a recent announcement from Pioneer/DuPont and Bunge. The DuPont Biotech Alliance will expand to include an estimated 200,000 acres of the heart-friendly soybeans in 2006. The acreage expands to 550,000 in 2007.

The program, which offers premiums to growers who raise Pioneer low-linolenic soybeans on contract, begins on a limited basis in Iowa and Ohio in 2005. Contracts will be offered through Bunge North America at local participating elevators. The low-linolenic soybean oil will be marketed under the name Nutrium and marketed to food processing companies for its superior natural stability and increased shelf life without hydrogenation.