Growing High Oleic Soybeans

[music] -Joining me today is Dr. Shaun Casteel. Shaun is a specialist in soybean production,
and he’s going to provide an overview for us today about growing soybeans, and specifically
he’s going to tell us where high oleic soybeans are grown, and any special considerations
that farmers need to consider when growing these types of soybeans. Welcome, Shaun. -Glad to be here. -Let’s get started with you telling us a little
about where high oleic soybeans are grown and what the outlook is. -Sure. So, high oleic soybeans are grown throughout
the midwest. They kinda started initially within a few
target areas like Indiana and Ohio and even a little bit in Iowa, but they started a few
years ago with that, and then they started expanding since then. So, they had a localized introduction, and
now there’s a pretty good spread across the middle of the midwest of the country. – Great. So, tell me what’s the difference between
a high oleic soybean and a regular soybean? -For the grower, for the farmer, there really
isn’t any major differences in terms of the way you plant it, the way that you manage
it for weeds or diseases or insects or fertility like you would a garden – they’re no different,
and so that’s the beauty of this system that the grower doesn’t have to do anything different
in terms of the management or how they grow it during the growing season. -So, if a farmer decides to grow this, do
they need to do anything different? Do they need to do anything different from
a farmer’s perspective? -Sure, there are a few things. Whenever we look at these beans, they’re kind
of a special, or high value, there’s something different about them, right? That’s why we’re talking about this in that
the management is no different, but it’s whenever you get to the end of the season, so they
want a whole field that’s that same variety, that has that trait, that’s high oleic, that
good quality oil, and so whenever they harvest it at the end of the season, they’re going
to make sure that their combines are cleaned out and then they take it all over to a processor
so they can keep that identified so it goes into the same value stream for food
or feed or anything else. -So it’s just the idea of keeping them separate? -That’s right. -Okay. So, tell us a little bit about how the high
oleic soybean is processed. -Sure. There’s really not that much difference in
terms of the way it’s processed compared to a normal soybean. The main thing is, again, keeping it, the
identity preserved so that when they know it’s coming in on the trucks – this is a high
oleic soybean and needs to go in this stream or this path and that’s the way it’s always
going to be handled in terms of storage until it’s processed. And then it goes through the normal process
with oil extractions and the protein that comes out of that. -Great. So, if I as a farmer choose to grow high oleic
soybeans, do are they growing both, or just growing one or the other? -Sure, there’s farmers that do both, some
that have contracts, they get a little bit of a premium because there is a little bit
extra management and that’s really on that tail end again, that you have that whole field
is harvested, that combine is cleaned out, that identity is preserved as it goes to the
processor, so there may be a 4-5 per cent increase as compared to a regular soybean
production. -In terms of how much they would get paid
for that? -Exactly. -Great. So, who do you think will be the consumer
of this new oil? -So it’s really coming down to the people
within the food system. So, those that are using it for food service,
those who are going to use it for direct oil – cooking oil, that kind of thing, or as an
ingredient in some of the foods that are made and manufactured. -Great, great. So, what’s the outlook for this high oleic
soybean? -So, really when you think about from a farmers
perspective, there’s nothing that really needed to be added in terms of the management, but
it’s a nice revenue stream to have 4-5 percent more premium coming in. Targets maybe 20-30 percent of the acres,
so a pretty large acreage, but that’s also coming at a value to the consumer when you
think about the quality of this oil and you know more that than I even do. -Great, great. Well, thank you for sharing with us today
about how soybeans are grown, specifically high oleic soybean oil. -It was my pleasure. -Thank you. [music]