The organizations are launching a program dubbed the Select Yield and Quality Initiative to help the soybean industry take advantage of varieties with higher oil or protein content in selling their soybeans abroad.
"Our commitment to the U.S. soybean farmer is very strong,” said Dion McBay, U.S. soybean marketing manager for Monsanto. “We are proud to once again combine efforts with USB, ASA and others in the soybean industry to give U.S. soybean farmers the tools they need to compete in domestic and international markets.
"With educational programs like the Select Yield and Quality initiative, and our Processor Preferred program for Asgrow and DEKALB soybeans, we are helping growers realize the value of growing soybean varieties with higher levels of protein and oil requested by U.S. soybean customers."
The Select Yield Quality initiative aims to increase the competitiveness of U.S. soybeans in international and domestic markets by informing growers about the importance of selecting soybean varieties based on yield as well as levels of protein and oil content. As part of the initiative, Monsanto and the other partners will co-sponsor a series of meetings in five states to carry the Select Yield and Quality message to growers.
To help growers identify varieties that simultaneously offer high yields, high oil and high protein, Monsanto is continuing its Processor Preferred program, started in 2001. The program provides growers with information on soybean varieties that have been specifically identified to contain higher levels of oil or protein.
Growers who have a local elevator participating in the Processor Preferred program can purchase and plant specific Asgrow and DEKALB soybean varieties and can receive a premium upon delivery of the soybeans to their processor.
"For growers, the best news about Processor Preferred varieties is that there's nothing new about them. Most of these soybeans have been grower-proven over multiple seasons," said McBay. "Growers can count on outstanding yield potential and performance, along with a superior composition that can earn a premium and unlock soybean profits."
Processor Preferred soybean varieties are identified through a series of ISO 17025-compliant testing procedures. Approved varieties have already been rigorously tested for yield and strong agronomic traits such as disease resistance. These varieties also include Monsanto's Roundup Ready technology.
Monsanto is working with industry partners so that soybean growers can unlock the value of their soybeans through the Processor Preferred program. For more information on how to participate in this program, growers should contact their local Monsanto representative or a Monsanto branded seed dealer.