Winnipeg, MB – CANTERRA SEEDS and Louis Dreyfus announced today the new Farming For Oil™ Program, a canola contracting program that gives famers choice and flexibility.
This new canola production contract offers a premium of up to $0.25 per bushel to a maximum of 25 bushels per acre, on CANTERRA SEEDS canola sold and delivered to any Louis Dreyfus elevator or LDM Foods canola crushing facility. Farmers can sign a Farming For Oil™ contract at an independent retailer, UFA, or directly from a Louis Dreyfus representative once they’ve purchased a minimum of 160 acres of CANTERRA SEEDS canola.
With the Farming For Oil™ program, CANTERRA SEEDS and Louis Dreyfus ensure the farmer is not locked into a contract with excessive restrictions. “This contract allows the farmer to purchase a canola variety that fits his farm and his budget, purchase seed with the retailer of his choice, and deliver to the Louis Dreyfus facility of his choice. He will deliver his canola at a premium to the market and do so when he chooses to execute the contract,” explains Ron Brand, Director of Sales and Marketing for CANTERRA SEEDS.
The canola production contract ensures success for farmers and retailers, as retailers now present a differentiated offer to their customers. “It provides retailers the opportunity to offer a production contract that provides significant value and flexibility,” inserts Brand.
The original Farming For Oil™ Program was launched in January of 2006 and was a popular choice for Western Canadian farmers to market their crop. The new program aims to achieve even greater success.
Owned by over 200 western Canadian shareholders, CANTERRA SEEDS is committed to sourcing genetically superior seed products that meet end-user needs, while delivering agronomic and economic benefits for producers. With a versatile portfolio of cereals, pulses and oilseeds, CANTERRA SEEDS seeks opportunities that allow for mutual success in the agriculture industry.
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