New contract from Frontier offers premium opportunities for UK bean growers
New bean de-hulling plant to be built in 2019 by Frontier Agriculture.
Beans will be processed (de-hulled) to produce a protein-rich binding agent attractive to the aquaculture (fish farming) industry and other feed buyers looking for a high protein replacement for imported soya.
This supply chain, managed by Frontier, has potential to require significant volume of beans.
Frontier is offering an attractive base price of £40/t* above November wheat futures with an additional £10/t premium for growers taking the company’s specialist bean agronomy package and achieving protein targets.
Growers committing beans will have the guarantee of the base price but retain the option to trade their beans for the more lucrative human consumption export market if they achieve the required quality.
Frontier is making these contracts available for growers UK-wide.
Ahead of construction of a new bean processing plant in the Midlands, Frontier Agriculture has launched a premium contract for all UK bean growers.
The plant will be located at the company’s site near Nottingham. It will process beans to de-hull them, creating a UK-produced high protein, low fibre binder which can be used in the manufacture of fish food and other feed products. With protein levels approaching 30% de hulled beans are a better binder and a valuable source of protein, replacing wheat in aquaculture diets.
Nick Heald, commercial director and responsible for added value processing initiatives at Frontier, explains: “We are making a significant investment to open up this market for farmers and there are potential benefits to the whole supply chain.
“For growers, beans are attractive agronomically as they offer an opportunity to widen the rotation, spread risk and increase gross margins across the rotation. In addition they enable farmers to supply a growing market demand for sustainable sources of protein. We are offering new contracts with a significant premium over standard feed beans. Meanwhile, for the end consumer, we are making a UK-produced sustainable protein source more readily available.
“Additionally, we are offering advice and products as part of an optional bean agronomy package. Growers taking this could receive another £10/t if they follow our agronomy protocol and achieve 29% protein. We believe this is a realistic target for those taking our bean agronomy advice and using dedicated yield and protein boosting products. This is open to all growers, not just those who currently use our agronomy services for other crops.
“For our industry post-Brexit it will become even more important that we use our network to manage the supply chain, adding value across it from farmer to end consumer and identifying new opportunities. These developments around beans could deliver on all fronts for farmers; economically, agronomically and environmentally.”
- Feed bean quality and bruchid beetle damaged crops are acceptable for the aquaculture market.
- Base price £40/t* premium to LIFFE wheat – example: Nov 2019 Liffe is £155/t, base price is £195/t.
- Base price can be fixed at any time prior to 15th of month prior to movement.
- £10/t additional premium to the base price will apply if Frontier agronomy package is used and 29% protein is achieved (growers do not need to have agronomy on other crops with Frontier to qualify).
- Agronomy package includes the application of new biostimulant products. Early results from trials indicate these products deliver on yield and protein.
Contracts are available with immediate effect.
Construction of the site has already begun and is expected to be complete late spring/early summer.
*Contract premium correct as at 18th February 2019. For latest prices speak to your Frontier Farm Trader.
Nick Heald, commercial director photographed at Frontier's Nottingham site says: "Beans could deliver on all fronts for farmers, economically, agronomically and environmentally."