WINNIPEG, Dec. 9 /CNW/ - Canola growers who have contracted with Cargill continue to make progress toward the canola industry's 2015 goal of having 25 percent of all canola grown be of a specialty variety. This year, Cargill's grower partners met end-user demand for canola in less than three months.
Cargill Specialty Canola Oils has concluded another successful contracting season with its VICTORY(R) and Bayer's InVigor(R) Health hybrid canola varieties. Not only did the growers contract in less time, the number of acres per grower increased by 25 percent. The current contracting targets have been satisfied due to significant increases in yield and changes to Cargill's program that include taking all of the growers' production. Together, the contract and the high-performing hybrids provide the growers a higher return than classic canola.
"We're committed to helping our grower partners succeed and are pleased that they've consistently had higher yields and greater returns," said Jenny Verner, president, Cargill Specialty Canola Oils. "In addition, we continue to see growth with our end-use oil customer partners."
This aligns with Cargill's commitment to serving the entire supply chain through strong collaboration and leading research and innovation. "With VICTORY(R) and InVigor(R) Health, Cargill provides high-yielding canola hybrids to farmers that ultimately result in oils with zero grams trans fats and lower saturated fat for our customers and the consumers they serve," said Verner.
While Cargill's canola program was not able to accommodate every interested grower in Western Canada this contracting season, the company is already gearing up for the 2011 contracting program with heightened expectations for grower success.
Cargill encourages growers to contact their Cargill retailer or participating independent dealer to stay informed on the program's opportunities for the 2011 growing season as they develop. More details on the 2011 program will be available in summer 2010 - during tours of VICTORY(R) Performance Trials and InVigor(R) Demonstration Strip Trials (DSTs) - when the newest series of high-performing VICTORY(R) and InVigor(R) Health hybrids will be tested.
Information on the 2009 results of the VICTORY(R) Performance Trials - during which VICTORY(R) produced higher returns over the commodity check in 27 of 29 trials currently harvested - is available at www.victorycanola.com. The 2009 results from Bayer' InVigor(R) Health hybrids are available at www.invigorresults.ca.
For 2011, Cargill will continue to deliver its two premier high yielding canola lines - VICTORY(R) and InVigor(R) Health hybrid canola - accompanied by the Monsanto Genuity(TM) Roundup Ready(R) technology and Bayer's LibertyLink(R) systems, respectively.
Looking ahead, canola growers can be assured Cargill is committed to canola for the future. The company has already doubled its existing crush capacity in Clavet, Saskatchewan, introduced leading research and development in Aberdeen,Saskatchewan, expanded its innovation center in Fort Collins, Colo., and upgraded its canola seed facility in Idaho Falls, Idaho. In addition, Cargill witnessed record yield delivery of its VICTORY(R) and Invigor(R) Health hybrids and recently solidified itself as a leader in bringing low-saturate canola oil technology to the market.
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 159,000 people in 68 countries. Cargill helps customers succeed through collaboration and innovation, and is committed to applying its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business. For more information, visit www.cargill.com.
SOURCE CARGILL LIMITED
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