Elevators offering soybean premiums

DES MOINES, Iowa – Ohio growers now have more opportunities to market their soybeans for a premium.
Premiums. A select group of Ohio elevators is offering growers expanded options to earn special premiums for soybeans during the 2007 season.
More than 20 locations throughout the state are offering up to a 60-cent premium per bushel for low linolenic soybeans from Pioneer Hi-Bred International, Inc.
In conjunction with the premium program, the Bunge DuPont Biotech Alliance is marketing TREUS Low Linolenic Soybean Oil, produced with Pioneer brand low linolenic soybean varieties, to help meet increasing consumer demand for nutritious foods.
Additionally, TREUS offers food companies and the foodservice industry an innovative nutritional ingredient solution to eliminate or reduce trans fats in their products.
In its third year, this contracting program has expanded its geography into nine states for the 2007 growing season.
In addition to Ohio, participating elevators are located in Indiana, Michigan, Illinois, Iowa, Wisconsin, Pennsylvania, Minnesota and Missouri.
Elevators. To find a participating elevator in your area, visit your local Pioneer sales professional or www.pioneer.com/LLSoy on the Web.
As part of the Alliance program, participating elevators in Ohio currently offer a 40-cent per bushel premium for on-farm storage; many also offer a harvest delivery option that pays a 35-cent per bushel premium to growers who sign up to deliver Pioneer brand low lin soybeans.
Additionally, growers can collect a 20-cent per bushel signing bonus. Contract growers also are eligible to earn up to a 10 percent rebate on approved DuPont Crop Protection products used on their 2007 Pioneer low lin soybean contract acres.