ADM Launches Premium, Low-Risk Canola Production Contracts
Archer Daniels Midland Company (NYSE: ADM) today announced contracts* for high oleic Nexera canola that offer premiums over commodity canola with “Act of God” (AOG) protection.
Farmers in both the U.S. and Canada can help insulate themselves from weather and market risks with a premium contract, as well as AOG protection on high oleic Nexera canola. In order to qualify, farmers must first sign a contract with ADM, and then purchase the Nexera canola seed from a specified local seed retailer. One-hundred percent of production is covered, with multiple pricing options, including a base contract with coverage dependent upon the region.
“We rely on farmers to help us meet the growing consumer demand for healthier oil options such as high oleic canola,” said Ken Campbell, general manager of ADM Softseed Processing. “Our partnership with Dow AgroSciences for Nexera canola allows us to offer farmers attractive contract options.”
ADM relies on Nexera canola to help develop healthier oil solutions for the restaurant and foodservice industries. Nexera canola is used to produce Omega-9 Oil which has a unique combination of high-oleic (omega-9) and low-linoleic fatty acids. This profile creates a healthier oil option that delivers a light, clean taste and superior performance.
The ADM Nexera canola premium contract is available at four locations. Farmers in the U.S. should contact ADM Enderlin at 800-553-6032 or ADM Velva at 800-548-8613 for more information about 2012 Nexera canola contract details and current premiums. Farmers in Canada can contact ADM Watson at 800-767-6655 or ADM Carberry at 888-661-9420 .
ADM brings expertise in local and global agricultural markets to area farmers. Online services through e-ADM.com deliver up-to-the-minute market news and analysis to assist farmers in making the best decisions possible. ADM’s knowledge combined with creative products and services help farmers make the most of their business to ensure farming remains a viable way of life for future generations. To learn more about the services ADM offers growers, visit www.adm.com/farmers.
