Las Vegas, Nevada
March 3, 2004
The 2004 Commodity Classic
convention marked the introduction of QUALISOY, a new soybean
industry coalition focused on addressing the changing demands of
the food and feed industries as well as improving the global
competitiveness of U.S. soybeans. QUALISOY is a collaborative
effort between farmers and all levels of the soybean industry to
develop and commercialize varieties with enhanced compositional
traits that add value to U.S. soybeans and soy products.
"The only way we can effectively
address current market demands as well as maintain our
competitive position in the global market is through a united
soybean industry front," said QUALISOY Board Chairman David
Durham, Immediate Past Chairman of the
United Soybean Board
(USB) and a soybean farmer from Hardin, Mo. "Recognizing that
fact, soybean checkoff farmer-leaders created QUALISOY, a
coalition with all parts of the soybean value chain committed to
developing and commercializing enhanced compositional traits
that add value to U.S. soybeans."
The QUALISOY Board
consists of 22 individuals representing all components of the
U.S. soybean industry. The QUALISOY Board includes seven USB
farmer-leaders, three representatives from multinational
technology corporations, two representatives from regional
technology corporations, four individuals representing various
soybean processors and end users, one farmer-leader from the
American Soybean Association, two farmer-leaders from Qualified
State Soybean Boards, one academic and one scientist from USDA's
Agricultural Research Service (ARS). USB's Chief Executive
Officer serves as the ex-officio member of the board.
Durham explained
that QUALISOY represents a call to action for the entire soybean
industry. "We need seed companies to increase their research
focused on compositional improvements, food companies need to
request the traits and products they need, processors need to
establish analytical capabilities to ensure end products meet
desired specifications and farmers need to grow these
higher-quality varieties."
"QUALISOY
represents a progressive industry coalition that plans to bring
about significant changes in the quality and marketability of
U.S. soybeans, and I'm honored to be serving in my role as vice
chairman of QUALISOY," said QUALISOY Board Vice Chairman Kerry
Preete, who also serves as Vice President of U.S. Crop
Production for Monsanto Company, based in St. Louis.
Also during
Commodity Classic, Monsanto leaders announced that the company
was pledging an $8.4 million grant to QUALISOY and would share
important soybean gene sequencing data to help jumpstart the
initiative. The company's funding commitment will spread out
over the next several years through 2006, and is earmarked for
on-going support of research and communication.
"Monsanto's
financial contribution and sharing of technical data with
QUALISOY will go a long way toward establishing future
improvements in U.S. soybeans and ensuring that U.S. soybean
farmers remain competitive," said Durham. "QUALISOY worked hard
to ensure that the American Soybean Association and state
affiliates were assigned a portion of the grant to assist in the
development and coordination of supporting programs for the
initiative."
Contributions,
like Monsanto's, are necessary for the board to reach its
long-term objective to develop a pipeline of enhanced
compositional traits, such as those that improve the health
attributes of soybean oil and soybean meal.
"In the
short-term, QUALISOY supports the checkoff-funded Select Yield &
Quality Initiative (SYQ), which aims to improve the quality and
competitiveness of U.S. soybeans by encouraging farmers to
choose to grow top-yielding varieties that also contain high
levels of protein and oil," said Durham. "The research supported
by QUALISOY will help bring more high protein and oil varieties
to the marketplace."
Long-term, the
QUALISOY Board provides an innovative platform for the ongoing
development of enhanced compositional traits in soybeans. This
includes traits that lower saturated fats, reduce linolenic acid
for improved flavor stability in food products and traits that
create a mid-oleic variety to minimize the need for
hydrogenation, which causes the trans fats found in certain
food. QUALISOY will also work to develop varieties that may be
used to produce soybean meal with higher metabolizable energy.
QUALISOY
originated from a soybean checkoff-funded initiative that
invests in research to develop soybean varieties with enhanced
compositional traits. The QUALISOY Board unites all levels of
the soybean industry to create added value and increased global
competitiveness for the U.S. soybean industry through the
development, commercialization and promotion of enhanced quality
traits.
QUALISOY is a
trademark of the United Soybean Board. |