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Corn+Soybean Digest

Premiums Based On Yield Attract Growers to AgriEdge Soybean Program

Syngenta is offering soybean growers financial incentives to increase their 2007 soybean yields. Through the Syngenta AgriEdge Grain Premium Program, growers who purchase NK Brand Roundup Ready soybeans from Garst, Golden Harvest or NK Brand are eligible for premiums ranging from nine to 21 cents/bu. on next year’s yield.

Under the AgriEdge soybean program, qualifying purchases of NK Brand soybean seed will receive a premium of 9 cents for every bushel the beans yield next fall, up to a maximum of 60 bu./acre. A grower averaging 60 bu./acre on NK Brand seed purchased from Garst, Golden Harvest, NK Brand and participating retailers, will receive a premium of $5.40/acre.

In addition to the premium paid on the seed, the AgriEdge program offers growers additional payments on their yields when they optimize the genetic potential of NK Brand soybeans by using CruiserMaxx seed treatment and Syngenta brands of insecticides, herbicides and fungicides. These crop protection premiums are 3 cents/bu. for each Syngenta product used and can total as much as 12 cents/bu. on top of the 9 cents on each bushel of NK Brand soybeans harvested. By using all elements of the program a grower could enjoy a premium of as much as 21 cents/bu. On a 60-bu./acre soybean yield that would total $12.60/acre.

“The higher the yield, the higher the payment to the grower,” says Jon Scharingson, agribusiness manager, Syngenta. “This program shows how confident we are that our NK Brand soybean genetics and Syngenta crop protection portfolio come together in a value-enhancing offer for customers.”

The AgriEdge Grain Premium Program is available to new purchasers of NK Brand soybean seed who purchase a minimum of 200 units, and to existing customers who increase their purchase by at least 200 units over the prior year. For existing customers, the premium is available only on the additional purchase.

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