ST. LOUIS, Jan. 12 /PRNewswire-FirstCall/ -- Monsanto and Archer Daniels
Midland Company (ADM) announced today that ADM will process Monsanto's
VISTIVE(TM) low-linolenic soybeans in 2006 at its facility in Frankfort,
Indiana, and will market the low-linolenic soybean oil for use by the food
industry. VISTIVE low-linolenic soybeans will reduce the need for partial
hydrogenation of soybean oil, helping food companies reduce the presence of
trans fatty acids (trans fats) in their products.
For the 2006 growing season, ADM will be contracting with growers in
Indiana for up to 40,000 acres of VISTIVE soybean production. ADM will pay a
premium to producers who grow VISTIVE soybeans under contract. Then it will
crush and sell the processed soybean oil to food companies.
VISTIVE soybeans, developed through conventional breeding, contain less
than three percent linolenic acid as compared to the typical eight percent
level found in traditional soybeans. The result is a more stable soybean oil,
with less need for hydrogenation. Because soybeans with a lower linolenic acid
level reduce the need for partial hydrogenation, their application in
processed soybean oils will reduce the presence of trans fats in processed
The development of VISTIVE is significant because, as of January 1, 2006,
all food products and dietary supplements bearing a nutritional facts panel
that are regulated by the U.S. Food and Drug Administration and sold in the
United States are required to list trans fat content. Kellogg Company, for
instance, recently announced that it will use oil from VISTIVE low-linolenic
soybeans as part of a major initiative to reduce or eliminate trans fats in a
number of its products.
"Low-linolenic soybean oil developed from VISTIVE soybeans will be a
valuable addition to ADM's NovaLipid(TM) portfolio of zero/low trans fat
products," stated Tedd Kruse, ADM Vice President-North American Food Oils.
"As the essential link between farmers and food manufacturers, ADM is pleased
to work with American farmers to create additional value for their products
while at the same time providing food manufacturers with healthier
NovaLipid products are ADM's line of zero/low trans fat shortenings,
margarines and oils. The NovaLipid portfolio includes naturally stable oils,
tropical fats and oils, blended oils, and enzyme interesterified shortenings
and margarines to provide alternatives in various food applications, including
baking, confectionery, snack, frying and cereal products. The line was
developed in 2003 in response to customer and consumer demand for healthier
fats and oils.
"We contracted all available VISTIVE soybeans in 2005, so we know that
this product is in demand. We are very pleased to partner with an industry
leader like ADM to ensure a successful expansion of VISTIVE soybeans in 2006,"
said Ernesto Fajardo, Vice President of U.S. Crop Production for Monsanto.
"VISTIVE not only supports growing consumer demand for healthier foods, but
also represents an important investment in the future success of the U.S.
soybean industry. In addition, this agreement expands the growing area for
VISTIVE, giving more farmers the opportunity to grow this value-added
Monsanto expects that VISTIVE soybeans will be grown on nearly 500,000
acres in 2006. VISTIVE soybeans have the Roundup Ready(R) trait and maintain
performance parity with other commercial soybean varieties. For 2006, VISTIVE
will be available in Monsanto's Asgrow(R) brand, as well as Stine(R),
Prairie(TM) Brand Seed, Latham(R) Seed, Kruger(TM) Seed Company, CROPLAN
Genetics(R), FS HiSOY(R), LG(R) Seeds, Producers Hybrids(R), Midwest Seed
Genetics(R), Crow's(R) and NC+(R) seed brands.
Specific information regarding grower opportunities and contract details
will be available from ADM in the near future.
Archer Daniels Midland Company (ADM) (NYSE: ADM) is a world leader in
agricultural processing. ADM is one of the world's largest processors of
soybeans, corn, wheat and cocoa. ADM is also a leader in the production of soy
meal and oil, ethanol, corn sweeteners and flour. In addition, ADM produces
value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM
has over 25,000 employees, more than 250 processing plants and net sales for
the fiscal year ended June 30, 2005 of $35.9 billion. Additional information
can be found on ADM's Web site at http://www.admworld.com .
Monsanto Company (NYSE: MON) is a leading global provider of technology-
based solutions and agricultural products that improve farm productivity and
food quality. For more information on Monsanto, see http://www.monsanto.com .
Asgrow(R), Roundup Ready(R), VISTIVE(TM), Crow's(R), NC+(R) and Midwest
Seed Genetics(R) are trademarks of Monsanto Technology LLC or of a Monsanto
affiliated company. All other trademarks are the property of their respective
SOURCE Archer Daniels Midland Company