High-oleic soybeans produce oil that has increased functionality for many key markets. That means high-oleic varieties could add demand and create new markets for U.S. soybean oil. And greater demand for high-oleic soybeans and their oil means higher prices for all soybean farmers. The soybean checkoff’s goal is for farmers to plant 18 million acres of high-oleic soybeans by 2023. If farmers reach that goal, all U.S. soybean farmers stand to gain 46 cents per bushel. That’s above the price they’d see without high-oleic, if food-industry demand for U.S. soybean oil continues to fall. It’s also on top of the premiums paid to farmers currently growing them.
What Are High-oleic Soybeans?
High-oleic soybeans are top-performing varieties packed with innovation your end-use customers want. From more food customers to new industrial users, high-oleic varieties offer you more market and profit opportunities than ever before.
How Do I Benefit?
- The yield you want with proven genetics and agronomic packages you’ve come to expect
- The demand you need by reclaiming lost food customers and expanding into new industrial markets