Another delivery location is available for high-oleic soybean delivery in Maryland. Eddie Mercer Agri-Services Inc. in Frederick has joined the growing list of delivery locations offering premiums between 50 cents and 65 cents per bushel for both harvest delivery and on-farm storage, with an additional 10-cent-per-bushel premium for farmers who contract 100% high oleic.

Perdue AgriBusiness has increased its per-bushel premiums for 2021 in hopes of encouraging more of the region’s farmers to grow high-oleic soybeans to meet growing demand for refined high-oleic oils. Mid-Atlantic soybean farmers have already received more than $10 million in premiums since the program began.

A recent study shows that if high-oleic growth continues as projected, a 1,000-acre soybean farmer will net between $34,000 and $50,000 more from soybean farming as a result of higher prices driven by high-oleic demand.

“There is growing demand in the food industry for high-oleic soybeans due to their performance and health benefits,” says Perry Aulie, senior vice president of value add for Perdue AgriBusiness. “We are thrilled to partner with Mercer, and we are also seeking 175,000 acres of high-oleic soybeans this year. We project a need for 350,000 acres for spring of 2022.”

For end users, these high-oleic varieties offer increased functionality for the food sector and industrial applications, which has revolutionized the soybean value chain. For the food sector, it extends fry life, increases stability and provides less saturated fat than comparable conventional oils. It also offers new innovations for industrial uses, such as synthetic motor oil, tires, shoes and asphalt.

By supplying a product that meets the demand of sustainable and biobased alternatives, high-oleic soybeans are adding long-term value for all U.S. soybean farmers.

Participating high-oleic elevators in the Delmarva region include:

Use the lookup tool at soyinnovation.com for the full list of delivery locations.

Farmers who want to learn where and how they can access high-oleic soybean contracts can visit the United Soybean website at soyinnovation.com, or contact their seed representative to ask about high-oleic soybeans.

Source: United Soybean Board and Perdue Agribusiness, which are solely responsible for the information provided and are wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.