Benson Hill Non-GMO Soybean Program
- Cherokee, IA
- Gibson City, IL
- Seymour, IN
Contracts are written for Buyer’s Call and Benson Hill team arrange movements with farmers as quickly as possible in efforts to meet farmers’ need for coring bins and cashflow
Pricing is on CME Jan ’22 futures. Premiums are ~2.50 over board (no local basis, just board) and $3.50 for two of our ultra-high protein varieties (N2358 & e42P713)
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Listen in as KVT and Benson Hill CEO, Matt Crisp talk unfiltered about the future of agriculture, some of their favorite investments, new books they are reading, and how they are collectively working to bring premium crop opportunities to growers across the U.S. This is a great conversation with the CEO of the most talked-about ag-tech startup in the industry.
Benson Hill recently closed a $150 million Series D funding round led by Wheatsheaf Group and GV (formerly Google Ventures). The company’s leading food innovation engine CropOS™ taps nature’s genetic diversity to develop and commercialize healthier and more sustainable food and ingredient options that benefit farmers, food companies of all kinds, and ultimately, consumers. This funding round accelerated the food-tech company’s efforts to deploy its platform technology, expand partner development across the supply chain, and scale product commercialization efforts.
The funding round attracted diverse investors recognizing the company’s strategic business model and potential including Argonautic Ventures, Caisse de dépôt et placement du Québec (CDPQ), Emart, GS Group, Louis Dreyfus Company, iSelect Fund, Fall Line Capital, Mercury Fund, Prelude Ventures, Prolog Ventures, S2G Ventures, and additional strategic and family office investors.
Benson Hill leverages Cloud Biology®, a discipline combining the power of data science, machine learning and AI techniques with plant biology and genomics. CropOS™ is the platform that makes this discipline actionable, significantly accelerating the precision and speed of product development. Benson Hill’s technology platform and collaborations empower the creation of healthier and more sustainable feed, food and ingredient options that consumers are seeking, while also delivering strong crop performance that farmers demand.
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Benson Hill Collaborates With Rose Acre Farms to Expand Soybean Processing Capacity and Build Out Supply Chain Infrastructure
ST. LOUIS, MO – December 7, 2020 – Benson Hill, a food tech company unlocking nature’s genetic diversity with its leading food innovation engine, announced today a collaboration with family-owned Rose Acre Farms to optimize its soybean processing capacity in Seymour, Indiana, and build out the supply chain for Benson Hill’s high-protein, high-oleic, low anti-nutrient soybeans. This collaboration will allow local growers to tap into price premiums for food- and feed-grade identity-preserved, non-GMO soybeans, and support Benson Hill as it meets growing demand for high-protein animal feed and plant protein ingredients for plant-based foods. The new collaboration will also support jobs in the area and boost the local economy.
Benson Hill’s portfolio of high-quality soybean varieties delivers a full range of in-demand premium attributes, including better digestibility, heart-healthy omega fatty acids, and higher protein that serve the plant-based food, healthy oils, animal feed and aquaculture markets.
Benson Hill has partnered with growers to contract more than 30,000 acres of premium soybeans this growing season, including significant acreage in Indiana. To minimize cost and the carbon footprint of transportation, Benson Hill sought out Rose Acre Farms as a partner to develop a processing facility in close radius to its grower partners. This announcement will also support Benson Hill’s plans to significantly increase its future contract acres in the area. Benson Hill and Rose Acre Farms are now actively enrolling interested growers for the 2021 growing season.
“We are thrilled to partner with Benson Hill to expand our crushing capacity in Indiana,” said Tony Wesner, COO of Rose Acre Farms. “We believe this strategic partnership will deliver tremendous value to local farmers and, by opening a new market pathway for in-demand soybean ingredients, support higher land and commodity prices over time. As the second-largest egg producer in the United States, we also see that the market is moving towards higher-protein animal feed, a key attribute of Benson Hill’s soybean portfolio.”
Benson Hill provides its cutting-edge soybean food and feed-grade seed varieties through its Benson Hill Seeds division. The food tech company plans to fully commercialize a line of Ultra-High Protein soybean varieties in 2021. For growers and for buyers, Benson Hill’s soybean product line combines superior nutritional qualities and oil content with highly competitive yields, offering benefits from seed-to-shelf.
“Benson Hill’s partnership with Rose Acre Farms further builds out our supply chain infrastructure and enables us to bring our identity-preserved soybeans to more commercial buyers,” said Chris Wilkins, COO of Benson Hill. “Demand for high-quality, high-protein soybeans – particularly as ingredients to serve the booming plant-based foods market – continues to grow. We expect the plant protein market to continue to increase at a double-digit percentage over the next several years, and with value chain partners like Rose Acre Farms and farmer partners across the Midwest, we are well-positioned to capitalize on that demand.”
Benson Hill Contracts 30,000 Acres of Premium Soybean For 2020
ST. LOUIS, MO – May 14, 2020 – Benson Hill, a crop improvement company dedicated to unlocking the natural genetic diversity of plants to develop healthier, more sustainable food choices, today announced it has contracted 30,000 acres to advance its cutting-edge soybean varieties through partnerships in the consumer food, animal feed and aquaculture markets. Grown across a wide geography within the United States, Benson Hill’s non-GMO soybean product line combines superior nutritional qualities and oil content with highly competitive yields, offering benefits from seed-to-shelf.
“The consumer food, animal feed and aquaculture markets are demanding innovation that improves the health and sustainability profile of their ingredients,” said Chris Wilkins, Chief Operating Officer of Benson Hill. “Our portfolio of high-quality soybean varieties delivers this innovation through a full range of in-demand, premium attributes, including better digestibility, heart-healthy omega fatty acids and higher protein that benefit farmers, producers and consumers and further allow Benson Hill to deepen its relationships across the entire value chain.”
Benson Hill provides its cutting-edge soybean food and feed-grade seed varieties through its Benson Hill Seeds division. These varieties meet farmer and distributor requests for product choices and transparency to fully leverage new market opportunities. By delivering quality traits like lower anti-nutrients, high oleic and low linolenic oil, and higher protein content, while maintaining competitive yields, farmers are able to diversify their operations with confidence and realize a strong profit per acre.
“More than ever, farmers are looking for new opportunities to improve the profitability and predictability of their operation beyond the traditional commodity landscape,” said Kevin Van Trump, CEO of Farm Direction. “Benson Hill understands how to serve these markets and how to serve the farmer. Their dual focus unlocks a massive opportunity for those who want to be part of the evolution underway in food and agriculture.”
In addition to the premium meal and oil ingredients these acres will deliver, Benson Hill recently announced the first commercially available soybean varieties that can effectively replace soy protein concentrate via typical soybean crushing. Available in the 2021 crop year, this innovation will enable food companies to eliminate costly energy and water-intensive processing steps across the consumer food, animal feed and aquaculture markets.
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