Press Releases 07.17.2018
Indigo Announces New Premium Pricing for 2018/2019 Wheat Season with Additional Compensation through On-Farm Storage & Grain Quality
- U.S. wheat growers can receive a price premium of 20 cents per bushel above market price by contracting with Indigo to grow Indigo WheatTM for the 2018/2019 season
- Price premiums can increase to more than 40 cents per bushel, depending on on-farm storage capacity and grain quality
- Indigo also offers treated seed to non-contracted growers, extending access to its microbial technology
Boston, Massachusetts, July 17, 2018 – Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, today announced a price premium of 20 cents per bushel above market price for contracted U.S. wheat growers. In its second commercial season, Indigo WheatTMdemonstrated an average yield uplift of 13%, with a win rate of 62.5%, in side-by-side trials held across Texas, Oklahoma, and Kansas. Under higher stress, low-yielding conditions, the average yield uplift was 19%, with a win rate of 76%.
“From the time I planted, the Indigo root mass was twice as much as the non-treated seed. Even though we had so little water this year, the Indigo Wheat was able to utilize every bit,” said Jason Streit, a grower from Vernon, Texas. “Our yield goal is 40-45 bushels. If you’re getting 40 bushels with non-Indigo wheat, you will be making 60+ with Indigo, all else being equal. You’re making more with the premium, plus you get 20 bushels more per acre. You’re hurting yourself by not working with Indigo.”
Indigo is offering wheat growers the opportunity to earn 40 cents or more per bushel. Increased premiums are based on growers’ on-farm storage capacity and grain quality. Indigo’s on-farm storage program simplifies logistics, increases cost-savings, and facilitates the identity preservation of grain, which allows the company to connect farmers directly with specialized buyers. In terms of quality, Indigo offers growers a protein scale that starts at 10.5%, with premiums increasing by one cent for each .2% above that threshold. For example, wheat that meets a protein content of 11.5% receives five cents per bushel, with further premiums for protein percentages above 11.5%.
“Our offer to wheat growers was developed to increase on-farm profitability while meeting consumer demand for sustainably sourced and high quality food,” said David Perry, President and CEO of Indigo. “To accomplish this, we’re working end-to-end in the value chain, ensuring identity preservation through direct relationships between growers and committed buyers.”
Along with price premiums, storage solutions, and streamlined transportation, the Indigo Wheat offer provides season-long support to growers through customized agronomy and data-driven insights. Indigo’s combination of products and services can drive significant gains in grower profitability and overall farm health.
Elisabeth Leistikow, a wheat grower based in Kansas, saw significant benefits with Indigo this past season. “The premium matters, the storage matters, the agronomist’s very specific knowledge matters, and then the seed coating fits in with our worldview of farming. We need to improve what goes on in the dirt and get our yield bump.”
For non-contracted growers, Indigo provides access to its microbial technology through the purchase of treated seed. The company has assembled a variety of high quality, certified seeds for growers to choose from. Hard red winter wheat seeds coated with Indigo’s microbial technology are being sold for $22.75 per 60-pound unit. This technology has been shown to increase yields, particularly in the case of water stress. Learn more at the company’s website: https://www.indigoag.com/for-growers
Indigo is a company dedicated to harnessing nature to help farmers sustainably feed the planet. With a vision of creating a world where farming is an economically desirable and accessible profession, Indigo works alongside its growers to apply natural approaches, conserve resources for future generations, and grow healthy food for all. Utilizing beneficial plant microbes to improve crop health and productivity, Indigo’s portfolio is focused on cotton, wheat, rice, corn, and soybeans. The company, founded by Flagship Pioneering, is headquartered in Boston, MA, with commercial and customer service based in Memphis, TN. www.indigoag.com
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