The deal helps Calyxt to launch high fibre wheat product in four of the top ten wheat production states
Image: CVA will contract acres to launch new Calyxt soybean varieties. Photo: courtesy of egroll from Pixabay.
Plant-based technology company Calyxt has collaborated with Central Valley Ag (CVA) Cooperative for the expansion of grower network.
The partnership will focus on expanding Calyxt’s Identity Preserved grower network for Calyxt crop varieties.
Calyxt CEO Jim Blome said: “This collaboration expands our geographic footprint into Nebraska and Kansas where we can introduce our new soybean varieties while further leveraging the success of our Identity Preserved system and premium producer program.
“With more than 75,000 acres already contracted, we are nearing our goal to contract 100,000 acres for 2020.”
CVA will contract acres to introduce new Calyxt soybean varieties
The plant-based technology firm will contract acres to introduce new Calyxt soybean varieties, as well as to provide seed distribution, seed treatment and agronomy services to Calyxt Identity Preserved growers.
The deal will also allow the plant-based technology comany to access CVA’s grain elevators and rail logistics to ship Calyxt’s High Oleic Soybean grain.
The latest deal, along with existing relationships with Landus and Agtegra, will help CVA to expand its access to geographies where 45% of the 89 million acres of US soybean are grown.
The deal will also facilitate the future launch of Calyxt’s high fibre wheat product in four of the top ten wheat production states in the US, including North Dakota, South Dakota, Kansas and Minnesota.
CVA agronomy senior vice president Nic McCarthy said: “This mutually beneficial relationship allows our farmers an opportunity to secure offtake and grow Calyxt’s high oleic soybean, while simultaneously increasing the utilization of our grain elevator and rail infrastructure.
“We look forward to working with Calyxt management to create value for both their shareholders and our member-owners.”
Based in York, Nebraska, Central Valley Ag is a farmer-owned cooperative that offers products and services in grain, agronomy, feed, and energy.
Based in Roseville of Minnesota, Calyxt collaborates with farmers and food companies to offer traceable plant-based products. The company applies advanced plant breeding techniques for the development of products to improve diets by reducing bad fats, allergens and toxins.