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Perdue AgriBusiness and TCI Collaborate to Bring Profitable New Crop to North Carolina
Date:8/30/2011

WINSTON-SALEM, N.C., Aug. 30, 2011 /PRNewswire/ -- Farmers in North Carolina will be growing another profitable crop this fall, thanks to a partnership by Perdue AgriBusiness and Winston-Salem-based Technology Crops International (TCI).  Known as HEAR (high erucic acid rapeseed), the crop looks identical to canola, but the oil it produces has a different composition and multiple end-use applications, especially industrial uses.  Grown in trials in North Carolina for more than three years, HEAR is expected to earn farmers additional income.  Demand for HEAR oil is strong and sustainable, and if farmers in North Carolina seize the opportunity, TCI's home state could soon become the nation's largest producer of the lucrative crop.

(Photo: http://photos.prnewswire.com/prnh/20110830/CL59043 )

Perdue AgriBusiness, a leading processor, merchandiser and exporter of agricultural commodities, and TCI, a global leader in high-value specialty oilseed crops, have joined forces to roll out the new crop to North Carolina farmers.  This announcement comes after over three years of trial work conducted on winter varieties of the crop with North Carolina State University (NCSU) and one year of commercial production.  Unlike wheat, HEAR is grown under contract, so farmers have the assurance that all the HEAR they grow will be purchased.  TCI supplies the seed, agronomic assistance and purchases the end crop from growers.  Perdue provides storage and processing.

"We are proud to partner with the experts at TCI because they have a proven track record of success in delivering premium specialty oils to the marketplace. This is a great opportunity not only for agriculture in North Carolina, but for the state's economy as a whole," says Dick Willey, President, Perdue AgriBusiness.

Robust demand for HEAR oil

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SOURCE Technology Crops International
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