Article from DTN - The Progressive Farmer by Chris Clayton
OMAHA (DTN) -- Leaders of the Missouri Soybean Merchandising Council capped a long effort to right the ship at the organization on Wednesday with an announcement to form a partnership with an Iowa company to commercialize a non-biotech, high-oleic soybean seed developed through farmer checkoff dollars.
Just a year ago, the council was in the middle of a lawsuit to recover royalties and end a licensing agreement with another company on the high-oleic soybeans and other seed varieties.
Under the agreement signed Wednesday outside of Columbia, Missouri, the council granted a new license, commercializing the high-oleic seed traits to Schillinger Genetics, Inc., an Iowa company. Schillinger Genetics will not only sell seeds with the high-oleic trait, but will also breed soybean varieties combining high-oleic with low-linolenic soybean oil traits, the council stated. The partnership involves licenses for breeding soybean varieties with the high-oleic technology as well as scaling up a seed program to sell the varieties in both Canada and the U.S.