Perdue AgriBusiness and Bayer collaboration to Bring Vistive® Gold Xtend Soybeans to Market
May 4, 2022
Salisbury, Md. (Wednesday, May 4, 2022) — Perdue AgriBusiness and Bayer have announced a new commercial collaboration agreement to bring Visitive® Gold Extend soybeans to market mid-decade pending EU authorization. In this commercial agreement Bayer will complete the regulatory requirement and commercialize Vistive® Gold Xtend soybeans, and Perdue will offer farmers high oleic oil premiums in contract for their Vistive® Gold Xtend grain in the Mid-Atlantic Region, initially.
“Through this collaboration, Bayer is enabling farmers access to elite genetics and the weed control flexibility of the Roundup Ready Xtend Crop System, while receiving premiums for growing Vistive® Gold Xtend grain from Perdue AgriBusiness,” said Kara Isaak, Bayer Global Soy New Business Development Manager. “We’re focused on providing products to our customers that meet their needs. We recognized a growing demand for high oleic oil, and Vistive® Gold Xtend soybeans, once approved, will offer farmers opportunities to enhance profitability, and fill a need in the marketplace.”
Vistive® Gold Xtend soybeans will offer tolerance to XtendiMax® herbicide with VaporGrip® Technology, a restricted use pesticide, and Roundup® brand agricultural herbicides to manage tough to control weeds, while providing farmers a high-yield potential product in a premium segment. Its use as a cooking oil offers an improved nutritional profile including low saturated fat and high oleic composition and longer shelf life. When farmers contract their Vistive® Gold Xtend soybeans with Perdue AgriBusiness, they can earn a premium price per bushel for the grain, driving greater profitability.
“The volume of high oleic oil requested by our customers continues to increase. As part of our ongoing efforts to meet this growing demand, we and our farmers constantly seek improved soybean seed technology,” said Perry Aulie, Senior Vice President of Value-Added Products, Perdue AgriBusiness. “Through this partnership with Bayer, we are pleased to make this new solution available to our farmers to help improve the efficiency of their crops and earn higher profitability at the same time.”
Bayer continues to invest in improving soybean genetics, developing next generation soybean traits, to meet the challenges of our soybean customers. After EU authorization, Vistive® Gold Xtend soybeans will offer another tool that can bring additional value to our customers.
For more information about Vistive® Gold Xtend soybeans, please visit VistiveGold.com
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to drive sustainable development and generate a positive impact with its businesses.
At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2020, the Group employed around 100,000 people and had sales of 41.4 billion euros. R&D expenses before special items amounted to 4.9 billion euros. For more information, go to www.bayer.com.
About Perdue AgriBusiness
Perdue AgriBusiness is subsidiary of Perdue Farms. Ranked among the largest grain companies in the U.S., Perdue AgriBusiness is a leading merchandiser, processor and exporter of agricultural products. Through Perdue AgriBusiness’ 75 elevator locations with more than 75 million bushels of storage, deep-water port, transload facilities, oilseed crushing operations, edible oil refinery, and protein blend mills, the company serves markets across the United States and around the world. Visit www.perdueagribusiness.com for more information.